Asian stocks tumbled as much as 4 percent on Friday on growing fears that the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
White House hopeful Rick Perry has at least some supporters in the Democratic stronghold of Chicago -- President Barack Obama's re-election team.
Mid- and small-capitalization stocks sank for a third straight day on Thursday in a wide selloff on continued fears about the global economy's growth prospects.
We must not lose sight that Treasury yields have been artificially lowered by the massive buying program of the Federal Reserve associated with QE2.
Gold rallied 2 percent to new high above $1,820 an ounce on Thursday, after U.S. economic data pointed to a stalled economy, while renewed concern about the health of European banks brought safe-haven buying.
Despite anemic growth so far this year, the risk of a double-dip recession is quite low, a top Federal Reserve policymaker said on Thursday.
Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
Here are five of the most important reasons that are pressuring U.S. stocks on Thursday.
Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
Gold rallied to its second record high in a week on Thursday, driven by growing investor unease over the outlook for the U.S. economy after data showed an unwelcome pickup in inflation, and over the lack of resolution to the European debt crisis.
Stocks tumbled more than 4 percent on Thursday after data pointed to a stalled economy and as bank shares sank on a report regulators were scrutinizing the U.S. units of big European lenders.
Traders on the U.S. futures market bid up the price of gold to a record high early Thursday on continued concern about the slowing economies of both Europe and the United States.
Stock index futures pointed to a sharply lower open on Wall Street on Thursday, with futures for the S&P 500 down 2 percent, Dow Jones futures down 1.5 percent and Nasdaq 100 futures down 2.2 percent at 5:17 a.m. EDT.
The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe's biggest banks amid concerns that Europe's debt crisis could spill into the U.S. banking system, say sources familiar with the matter.
The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe's biggest banks amid concerns that Europe's debt crisis could spill into the U.S. banking system, the Wall Street Journal reported citing sources familiar with the matter.
The Federal Reserve will do what it feels is best for the economy, regardless of any political heat, a top Fed official said on Wednesday.
The Federal Reserve will do what it feels is best for the economy, regardless of any political heat, a top Fed official said on Wednesday.
Three U.S. Federal Reserve officials on Wednesday offered sharply differing reasons for opposing the Fed's move to freeze interest rates for two years, suggesting there is no unified revolt within Fed ranks over policy.
However, he is impressed by the latest entrant, Texas governor Rick Perry.
The Federal Reserve has no business easing monetary policy further when the real problem facing the economy is fiscal mismanagement in Washington, a top Fed official said on Wednesday.
Another Rick Perry book is coming out soon, but the Republican presidential hopeful probably won't like it.
The Federal Reserve's recent promise to keep rates low for another two years was inappropriate policy at an inappropriate time, while its statement on the economy was excessively negative, a top Fed policymaker said on Wednesday.
