• Nasdaq at 14-year high

    Nasdaq at 14-year high

    Socks jumped 1 percent on Monday, with the S&P 500 climbing to an all-time high as optimism over merger activity helped Wall Street erase this year’s early weakness. Gains were broad, with nine of the 10 S&P 500 sectors up […]

     
  • Banks Sell Most U.S. Notes

    Banks Sell Most U.S. Notes

    Banks in the U.S. sold the most notes tied to constant-maturity swap rates last month in at least four years as investors bet that Federal Reserve policy will help maintain an upward-sloping yield curve. Sales climbed to $191.7 million, or […]

     
  • Yellen Echoes Bernanke In First Congressional Testimony As Fed Chair

    Yellen Echoes Bernanke In First Congressional Testimony As Fed Chair

    In her first testimony before Congress as Federal Reserve Chair Janet Yellen pledged to continue on the path set by her predecessor Ben Bernanke. “His leadership helped make our economy and financial system stronger and ensured that the Federal Reserve […]

     
  • Fed’s Plosser concerned central bank will resist higher rates too long

    Fed’s Plosser concerned central bank will resist higher rates too long

    Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said on Tuesday history is not on the side of the central bank when it comes to raising interest rates in a timely manner and the risk is financial markets […]

     
  • Treasuries Are Worst Performing Bonds

    Treasuries Are Worst Performing Bonds

    Treasuries are the world’s worst-performing bonds this week, starting February with a reversal of January’s rally before a report tomorrow economists said will show jobs growth rebounded from a slowdown. U.S. government securities due in 10 years and more fell […]

     
  • US STOCKS-Wall St bounces back

    US STOCKS-Wall St bounces back

    NEW YORK, Feb 4 (Reuters) – U.S. stocks rebounded on Tuesday, buoyed by encouraging earnings, as the market attempted to steady in the wake of its largest selloff in months a day earlier. The Standard & Poor’s 500 fell nearly […]

     
  • Janet Yellen Sworn In To Lead Federal Reserve

    Janet Yellen Sworn In To Lead Federal Reserve

    Janet Yellen was sworn in as the first women to lead the Federal Reserve board of governors Monday morning, taking the post of chairwoman at a critical moment as the central bank debates how quickly to taper its expansionary monetary […]

     
  • BofA’s $8.5 Billion Mortgage Bond Pact Approved by Judge

    BofA’s $8.5 Billion Mortgage Bond Pact Approved by Judge

    Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors, including BlackRock Inc. (BLK) and Pacific Investment Management Co., was largely approved by a New York state judge. Bank of New York Mellon Corp., the trustee for more than 500 […]

     
  • Nothing will deter Fed from tapering

    Nothing will deter Fed from tapering

    Federal Reserve officials will likely agree on another $10 billion taper to its bond-purchase program after a two-day meeting that ends Wednesday. That’s the same pace as the first reduction announced in December and it will bring the monthly purchases […]

     
  • Home Prices in 20 U.S. Cities Rise

    Home Prices in 20 U.S. Cities Rise

    Home prices in 20 U.S. cities rose in November from a year ago by the most in almost eight years, providing a boost to household wealth. The S&P/Case-Shiller index of property prices in 20 cities climbed 13.7 percent from November […]

     
 

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