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The dollar fell against the euro and other major currencies on Friday as oil prices rose to a record near $128 a barrel. A rebound in construction of new homes did little to dispel economic gloom.
Treasury prices fell Friday after rising oil caused investors to worry about rising inflation's erosion of fixed-income valuations.
The government said Friday that it would halt deliveries to the strategic oil reserves in July, a move many lawmakers have been calling for in an attempt to boost oil supplies and bring down gas prices.
Treasury Secretary Henry Paulson is talking tough, but don't expect Washington to bring Fannie Mae to heel till the housing crisis eases.
President Bush is appealing to oil-rich Saudi Arabia to increase production just as oil prices have hit another record high
Initial construction of U.S. homes rose unexpectedly in April, but the all-important single-family housing start measure fell to another 17-year low, according to a government report released Friday.
Key lawmakers spent Thursday trying to broker a deal on a bill that would allow the government to insure up to $300 billion of home loans and overhaul oversight of key players in the mortgage industry.
The sick dollar may be getting a little healthier - but it is far from making a full recovery.
The U.S. Federal Reserve has auctioned $7.2 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit stresses.
Stocks rallied Thursday, with technology leading the way, as investors eyed the day's economic news, fluctuating oil prices and corporate deal-making activity.
The dollar fell against the euro and other major currencies on Friday as oil prices rose to a record near $128 a barrel. A rebound in construction of new homes did little to dispel economic gloom.
Treasury prices fell Friday after rising oil caused investors to worry about rising inflation's erosion of fixed-income valuations.
The government said Friday that it would halt deliveries to the strategic oil reserves in July, a move many lawmakers have been calling for in an attempt to boost oil supplies and bring down gas prices.
Treasury Secretary Henry Paulson is talking tough, but don't expect Washington to bring Fannie Mae to heel till the housing crisis eases.
President Bush is appealing to oil-rich Saudi Arabia to increase production just as oil prices have hit another record high
Initial construction of U.S. homes rose unexpectedly in April, but the all-important single-family housing start measure fell to another 17-year low, according to a government report released Friday.
Key lawmakers spent Thursday trying to broker a deal on a bill that would allow the government to insure up to $300 billion of home loans and overhaul oversight of key players in the mortgage industry.
The sick dollar may be getting a little healthier - but it is far from making a full recovery.
The U.S. Federal Reserve has auctioned $7.2 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit stresses.
Stocks rallied Thursday, with technology leading the way, as investors eyed the day's economic news, fluctuating oil prices and corporate deal-making activity.
Wall Street investment companies are borrowing from the Federal Reserve's emergency lending program at a fairly steady pace.
Treasury prices rose Thursday after government reports indicated the economy remains under pressure, lowering chances that the Federal Reserve will be able to raise interest rates in the near term.
The dollar was higher against the euro, but fell against the other major currencies late Thursday, tamped by weak American manufacturing and industrial output data.
Oil futures ended a whipsaw session slightly lower Thursday as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.
Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles
The Federal Reserve has auctioned $7.2 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit stresses.
As if high fuel prices aren't enough, airlines and passengers are getting pinched by rising taxes as the U.S. government demands a bigger piece of the pie.
On a spring day at the Ritz-Carlton hotel in Key Biscayne, Fla., Michael Klein, Citigroup's chairman of institutional clients, took the stage at the bank's ninth annual private equity conference. In front of pension fund investors, hedge fund managers, and private equity dealmakers including the Blackstone Group's Steve Schwarzman and the Apollo Group's Leon Black, Klein flashed a series of newspaper headlines on the giant screens.
Rates on 30-year mortgages eased this week, but remained above 6%, as signs that the overall economy is recovering helped offset ongoing weakness in the housing market, mortgage backer Freddie Mac said Thursday.
For the first time since just after the Sept. 11 attacks, Americans plan to drive less on Memorial Day weekend than they did the year before, with high gasoline prices in a weak economy a prime reason, according to a AAA study released Thursday.
Long-term bond yields are edging close to 4%, a level they haven't touched since the end of last year. And some experts believe yields will only head higher in the coming months.
Industrial production fell in April, matching the largest decline since the one following Hurricane Katrina, according to a report released by the Federal Reserve on Thursday.
The number of newly laid off workers applying for unemployment benefits rose slightly last week, indicating the weak economy was still weighing on the job market.
General Motors Corp. said it has agreed with a union local on a contract deal that could end a month long strike at a plant near Lansing.
French bank Credit Agricole plans to sell $7.72 billion worth of assets and change the head of its investment bank, and has confirmed it is also seeking $9.1 billion in new capital because its finances were shaken by the global credit crisis.
Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income
Congress Wednesday examined a proposed $3.1 billion merger that would create the world's largest carrier as critics of the deal warned it could drive up the price of air travel.
Treasury prices traded mixed Wednesday, after investors briefly rallied on a report showing mild April inflation but then gave up gains as stocks soared.
The dollar rose against most of the other major currencies Wednesday as new data showed lower-than-expected U.S. inflation in April.
Freddie Mac is the latest beneficiary of wishful thinking about the housing market.
As many as 1 million borrowers from Sallie Mae, the nation's largest student lender, may have seen their credit score plunge overnight after a coding error made some student loan repayments appear delinquent.
Sen. Charles Schumer, D-N.Y., said Wednesday he believes the credit crisis may get worse and that regulatory failings helped fuel the problems rocking the economy.
Buying gasoline with a credit card could be hurting your local independent gas station owner - and you may have to pay for it.
There is a growing sense that the worst of the credit crunch may be behind us. And despite a tamer-than-expected reading for April, inflation is still very much a concern for many Americans.
Consumers had to shell out more for goods, services and especially food in April, according to a government report released Wednesday, but the rise was lower than expected.
Americans are feeling a lot more economic pain than the government's official statistics would lead you to believe, according to a growing number of experts.
Starting any new job can be as nerve-wracking as it is exciting. While you're anxious for a fresh start and to meet new people, you're nervous that you won't be able to do the job or you won't fit in with co-workers.
Dear Annie: My 17-year-old son needs to get a job this summer to help save for college. He says he has been looking, and I believe him, but so far he's come up with nothing. I don't want to be a meddling mom, but I feel as if I should get involved at this point and try to help him, in no small part because the thought of his lounging on the sofa playing video games all summer makes me cringe. Do you and your readers have any suggestions? -Anxious in Attleboro
U.S. foreclosure filings reached a record high in April, rising almost 65% over the previous year and putting municipalities at risk by cutting into the value of taxed property, according to a study released Wednesday.
Mortgage application volume rose 2.9% during the week ending May 9, according to trade group Mortgage Bankers Association's weekly application survey.
Japan's key stock index rose to its highest in four months Wednesday as investors welcomed the dollar's stability and upbeat earnings reports from telecommunications giant NTT and other companies.
Oil prices were steady Wednesday after moving back from an overnight trading record near $127 a barrel on concerns that Iran may consider cutting oil production.
Oil prices fell back Wednesday in Asia after hitting a record near $127 a barrel in the previous session on concerns Iran may consider cutting oil production.
Question: I am reluctant to get a financial planner. Will they do an analysis of your portfolio? Does that commit me to use them? How do you get their advice without hiring them as a financial planner?
Out on the range is the last place you would expect America's long-running obsession with big houses to be laid to rest.
Clear Channel Communications Inc. has settled a legal dispute with the lenders funding its private equity buyout, clearing the way for the radio and outdoor advertising company to finally seal the deal nearly two years after it was first announced.
Oil prices are holding steady in Asia after falling back from an overnight trading record near $127 a barrel hit on concerns Iran may consider cutting oil production.
Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday.
The House of Representatives voted to direct the Bush administration to stop filling the strategic petroleum reserve temporarily in an effort to alleviate increasing gas prices.
Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.
The dollar strengthened against most major currencies Tuesday despite gloomy U.S. economic data and record oil and gas prices.
Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners.
Congress, as part of a plan to tame record oil prices, is voting Tuesday on measures aimed at stopping President Bush from continuing to fill the nation's Strategic Petroleum Reserve.
The soaring price of gas has convinced New Jersey resident Eric Scott to trade the comfort of his car for a seat on the train every morning after 17 years of driving to the office.
Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday
TJX Cos. said Tuesday its first-quarter profit rose nearly 20% as the discount retailer continued to draw shoppers increasingly looking for bargains in a tough economy.
Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday.
Stock futures were up Tuesday after rebounding from much lower levels from earlier in the morning. Investors began to cheer solid results from retail giant Wal-Mart Stores, an better-than-expected April retail report, and comments from Fed chief Ben Bernanke that the Fed's measures have boosted the economy somewhat.
Australia's government plans to spend $38 billion on modernizing national infrastructure so the country can better capitalize on a mining boom and the economic growth of China and India, its treasurer announced Tuesday.
These days, more and more people are saying "Charge it."
Stocks surged Monday as investors shrugged off a spate of negative company news and opted to scoop up a variety of shares battered in last week's selloff.
The dollar weakened further against the euro Monday as markets waited for statements from Federal Reserve Chairman Ben Bernanke and economic data expected Tuesday.
Retail gasoline prices increased for the sixth straight day and hit their fifth consecutive record, auto group AAA's Web site showed Monday.
You've read it in these pages, oh, at least a thousand times: The first dollars you save should be plowed into your tax-deferred 401(k). This is especially true if your employer matches your savings, which means the boss pays you for doing what you need to do anyway - save. But which of your funds belongs in your 401(k)? It depends where you are as an investor.
Retail gasoline prices jumped to yet another record high Sunday, according to drivers' advocacy group AAA's Web site.
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending
Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.
With oil prices gushing above $126 a barrel, it's tempting to blame Europe for this inflationary mess.
China's producer price index, a key indicator of inflation, rose 8.1 per cent in April over the same month a year earlier, the government reported Friday, as a top economic official sought new controls to cool rising prices
Each year, Weddle's (www.weddles.com), a major U.S. publisher of print guides to Internet job hunting, invites the public to visit its Web site and vote for their favorite job boards. The 30 sites with the most votes at the end of the year are declared the winners of the Users' Choice Awards. It's not a scientific survey, since those polled are a self-selected sampling and tend to feel strongly about certain sites, both pro and con.
The nation's trade gap narrowed in March, as a weakened U.S. economy led to the sharpest decline in Americans' demand for foreign imports in more than six years, according to a government report released Friday.
Oil prices hit a new record high above $125 Friday as a weaker U.S. dollar drove investments into commodities.
Retail gasoline prices have jumped to yet another record high, drivers' advocacy group AAA's Web site showed Friday.
Suddenly inflation is the word on everyone's lips. But as much as they might like to, policymakers cannot forget about a bigger problem - the lingering effects of the credit crunch.
Stocks rose Thursday, as investors welcomed some better-than-expected April retail sales, but gains were limited by record-high oil prices and weakness in the financial sector.
It's entirely possible that in the future buying a house that is shocking pink, ultramodern or in a neighborhood that's up and coming (no Starbucks yet) could add an extra fee to your mortgage for what banks perceive as added risk.
Spring in southern Orange County has come on spectacularly. The autumn fires that blew smoke and ash into neighborhoods here also destroyed a lot of dark-hued scrub and chaparral. Now the hills along the 241 tollway are painted in bright green grasses and yellow and violet wildflowers. Near the end of the 241 lies Ladera Ranch, a nine-year-old (and still growing) planned community of 25,000. Nestled into the foothills, the place is a visual metaphor for the American dream, California division, in which the residents of the postmodern townhouses at the lower elevations aspire to the gated $4 million spreads at the top.
The Federal Reserve has auctioned $28.77 billion in safe Treasury securities to big investment firms as part of an ongoing effort to ease credit problems.
Can a couple coats of paint, some spackle and $15 billion keep foreclosed homes from bringing down the home market?
The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank's president said inflation was expected to remain high
Fortress Investment Group is paying the price for going public. The New York-based firm reported Thursday a sharp decline in earnings as its core hedge fund business felt the effects of Wall Street's market swoon.
What a difference a year makes for private equity.
Rates on 30-year mortgages edged lower this week but remained above 6% as signs of economic stability overshadowed continued weakness in the housing market.
Democratic Senators are working to combat rising oil and fuel prices by attacking what many Americans see as the heart of the problem: speculative trading.
New filings for unemployment claims fell more than expected in the latest week, according to a government report released Thursday.
Retail gasoline prices have jumped to new record high, auto group AAA's Web site showed Thursday.
The dollar rose to a two-month high against the euro in Asia Thursday on speculation that weaker-than-expected euro-zone economic data might make the European Central Bank more pessimistic toward the region's overall economy.
Oil prices held steady Thursday in Asia after jumping to a record near $124 a barrel as investors captivated by the market's upward momentum seemed to ignore figures showing an increase in U.S. crude and gasoline supplies.
The worst of the nation's credit crisis may have passed, U.S. Treasury Secretary Henry Paulson said Wednesday, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks.
Senate Democrats on Wednesday called for a temporary windfall profits tax on oil companies and a rollback of $17 billion in oil industry tax breaks as part of an energy package. The proposal also would impose federal penalties on energy price gouging and calls for stopping oil deliveries into the government's emergency reserve.
The worst of the nation's credit crisis may have passed, Treasury Secretary Henry Paulson said in an interview, Wednesday
Treasury prices fell Wednesday on new concerns about inflation and last-minute bets before a $21 billion sale of long-term government debt.
The Federal Reserve bears much of the responsibility for keeping the nation's economy on track but few Americans are fully convinced that the central bank can improve the country's financial situation.
Question: I'm looking for a financial planner. Should I find one with who is a Certified Financial Planner (CFP)?
Dear FSB: My sister just started her own business and I'm trying to set up her payroll on Intuit's QuickBooks. The program is asking me for addresses to which to send state taxes and federal taxes. I just want to make sure I'm doing everything I need to. Is there a list of "what to do" when paying employees? Who to register with? Where to send the tax payments, etc?
Worker productivity rose by a better-than-expected amount in the first three months of the year while labor cost pressures eased.
Today's Internet-driven world has changed the way we look for and apply to jobs. Gone are the days of handwritten cover letters, typewriter-printed résumés and hand-delivered job applications.
Retail gasoline prices rebounded after falling for five straight days, auto group AAA's Web site showed Wednesday.
Money market mutual funds are known for being both liquid and solid. Liquid because you can get your money out of them at any time; solid because they maintain a steady value of $1 per share. And they're popular because they tend to pay slightly higher rates than Treasury bills or bank savings accounts. Individuals and institutions alike use them to park cash they are waiting to deploy and to ride out market storms. Amid the turmoil of the past year, assets have soared 45%, to $3.5 trillion. But with the credit crunch casting doubt on many formerly safe-seeming securities, the big question for many investors has become, Is my money fund safe?
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