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Obama Tops 2011 Forbes' Most Powerful People List

Forbes released its list of the 70 most powerful people in the world, with the leaders of the U.S., Russia and China topping the list.

Nurses Join “Occupy” Protests, Despite Above-Average Wages

Hospital association says strikes harm patients.

Wall Street Cuts Gains on Greece Concerns

Stocks pared gains and the Nasdaq Composite hit a session low in afternoon trading on Wednesday after a source said the European Union and International Monetary Fund will not release an 8 billion euro payment to Greece until after its planned referendum.

Fed Lowers GDP Forecast, Holds Policy Steady

The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

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Chairman of the Federal Reserve Ben Bernanke

Fed to Hold Steady Despite Global Risks

The Federal Reserve looks set to take a breather from monetary stimulus measures on Wednesday, even if financial market turbulence heightens the chances of action later.

Loonie strengthens as markets await Fed

The Canadian dollar strengthened against its U.S. counterpart in early trade on Wednesday as global markets settled between hope and fear amid Greek debt developments and ahead of a Federal Reserve meeting.

Private Sector Adds Jobs, Layoffs Slow in October

U.S. private employers added more jobs than expected last month, while planned layoffs dropped sharply, underscoring the view the economy is on a path of slow growth.

Gold Rises on Cheaper Dollar, Bargain Hunting

Gold prices rose Wednesday on bargain hunting, continued strong demand from central banks for bullion and a weaker dollar.

Traders work on the floor of the New York Stock Exchange

Futures Edge up With Focus on Greece, Fed

Stock index futures edged higher on Wednesday, following two days of sharp market losses, with developments in Greece and a U.S. monetary policy meeting in focus.

Small Business Borrowing Rises: PayNet

The growth of borrowing among small U.S. businesses moderated in September but the overall level still registered a 14th monthly double-digit increase in a fresh sign the economy is set to grow at a stable pace.

Gold Rises on Deepening Eurozone Crisis

Gold firmed on Wednesday, helped by safe-haven demand as the Eurozone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region.

European Markets Lose Ground After Upbeat Opening

European stocks turned negative after early gains Wednesday, adding to a sharp two-session drop as investors dumped banking shares on fresh concerns about the euro zone debt crisis.

U.S. Shares Seen up after Tuesday's Plunge

Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 1 percent.

World Stocks and Euro Rise as Markets Look to Fed, G20

World stocks and the euro edged up on Wednesday after a rollercoaster week, as investors hoped for comfort on the weak U.S. economy and troubled euro zone from meetings of the U.S. Federal Reserve and Group of Twenty leaders.

Asian Stocks Continue Slide on Greek Vote Fallout

Asian shares fell and the euro stuck near 3-week lows against the dollar on Wednesday, as investors shed riskier assets after Greece's shock call for a referendum stoked fears about the viability of a European debt deal struck just last week.

Bernanke gives testimony at a Joint Economic Committee hearing on the economic outlook, on Capitol Hill in Washington

Fed to Pause, Sow Seeds for More Easing

The Federal Reserve could begin to prepare financial markets for further monetary easing at the conclusion of a two-day meeting that began on Tuesday, even if it refrains from any new stimulus just yet.

Tweetups Provide Haven for Science Lovers

A look at the NYCSci Tweetup monthly event and the people who attend it.

Bank of America Drops $5 Debit Card Fee in Major Concession

Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat. Bank of America had proposed the fee in response to the 2010 Dodd-Frank financial regulatory bill.

U.S. Stocks - Is the Dow’s Pull-Back a Buying Opportunity?

To say that the bankruptcy filing of MF Global and a Greek referendum on its bailout package have unnerved institutional investors would be an understatement. Where's the Dow headed in the next 3-6 months?

Crude Oil Prices Fall More Than $2

Oil prices fell more than $2 per barrel on Tuesday as the outlook for global growth darkened with renewed crisis in the euro zone and data suggesting economic activity in key economies was slowing more quickly than expected.

Asian Shares, Commodities Slip on Persistent Euro Fears

Renewed worries about the slow progress in resolving the euro zone's debt crisis dampened investor appetite for risk, sending Asian shares and commodities lower Tuesday while keeping pressure on the euro.

A woman leaves the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan

U.S. Court Appoints Trustee for MF Global Bankruptcy

A U.S. judge has appointed a trustee to oversee the liquidation of the U.S. brokerage unit of Jon Corzine's MF Global Holdings Ltd, which filed for bankruptcy protection on Monday, a federal agency said.

Risk Council Holds Call on MF Global

The financial risk council held a conference call on Monday to discuss developments related to MF Global Holdings Ltd, according to a Treasury Department official.