| Sep 24, 2013
| 8:05 AM
Home prices in large U.S. cities posted big gains in July, although the rapid increases may be easing, according to a leading index.
The S&P/Case-Shiller index of home prices in 20 large U.S. cities, released Tuesday, jumped 1.8% from June and 12.4%...
| Sep 20, 2013
Five years ago, this week, the world of finance and economics changed forever.
At least that's the story.
It started with a sad milestone in Wall Street history: the fall of the House of Lehman.
Between Sept. 13 and Sept. 20, 2008, Lehman Bros., the...
| Sep 18, 2013
| 6:07 PM
WASHINGTON — Signaling that the recovery is still fragile, the Federal Reserve stunned financial markets and many experts by delaying a pullback in its massive stimulus program and then downgrading its outlook for economic growth.
| Oct 16, 2013
| 5:59 PM
Add another potential casualty of Washington's gridlock: the holiday shopping season.
The congressional stalemate that brought about a partial government shutdown has rattled Americans already spooked by years of economic weakness. And the uncertainty...
| Oct 17, 2013
| 5:51 PM
WASHINGTON — In the grand scheme of the $16-trillion U.S. economy, the nearly three-week government shutdown and standoff over the debt ceiling may not look like much. Analysts estimate the loss at tens of billions of dollars, and reckon that much...
| Oct 17, 2013
| 11:52 AM
Home prices and sales fell last month in the Bay Area as the tech-rich region mirrored a cooling trend elsewhere within the state.
The median home price in the nine-county region fell 1.9% from August to $530,000, while sales dropped 17.1% -- a...
| Aug 21, 2013
| 5:21 PM
WASHINGTON — Analysts are widely expecting the Federal Reserve to dial back its bond-buying stimulus program next month. So are bond investors and emerging markets. And it looks as if the Fed is too.
Although such action is not a sure thing, the...
| Aug 9, 2013
| 6:18 PM
NEW YORK — The stock market's longest weekly winning streak in a year came to an end as summer doldrums set in on Wall Street.
Major U.S. indexes closed moderately lower Friday, with the Dow Jones industrial average sagging 72.81 points, or nearly...
| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...
| Aug 22, 2013
| 10:59 AM
Fixed mortgage rates jumped again this week, with Freddie Mac's widely watched survey saying lenders were offering 30-year home loans at an average of 4.58%.
That was up from 4.4% last week and the highest rate Freddie has reported in two years....
| Aug 21, 2013
| 8:44 AM
WASHINGTON -- The Federal Reserve could start reducing its bond-buying program next month, but won't raise its near-zero short-term interest rate until at least 2016 -- a year later than current central bank projections suggest, Pimco Chief Executive...