| Jan 22, 2014
| 8:00 AM
The Bank of England sees "no immediate need" to raise rock-bottom interest rates despite an unemployment rate that is falling more rapidly than anticipated, according to minutes of its January meeting released Wednesday.
Just like Federal Reserve...
| Jan 22, 2014
| 2:10 PM
WASHINGTON -- Congress must raise the nation's debt limit by late February, a couple of weeks earlier than previously projected, because of an expected large outflow of cash for tax refunds next month, Treasury Secretary Jacob J. Lew said Wednesday....
| Jan 23, 2014
| 7:33 AM
WASHINGTON -- Initial jobless claims held roughly steady last week at nearly a two-month low, pointing toward moderate labor market growth, federal officials said Thursday.
There were 326,000 people who filed for first-time unemployment benefits in the...
| Jan 23, 2014
| 8:34 AM
Fixed mortgage rates have drifted lower, according to Freddie Mac, which said lenders were offering 30-year fixed home loans at an average of 4.39% this week, down from 4.41% a week ago.
It was the lowest reading for the weekly survey since Nov. 27....
| Jan 24, 2014
| 7:05 PM
NEW YORK — Wall Street took a drubbing for the second straight day as investors worry that an economic slowdown in emerging markets could trigger a correction in stocks.
The Dow Jones industrial average suffered a drop of 318.24 points Friday, the...
| Jan 25, 2014
| 8:44 PM
WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy.
On one hand, his unprecedented efforts to...
| Jan 27, 2014
| 6:10 AM
WASHINGTON -- Economists working for U.S. businesses are more optimistic about growth this year and see little effect from the start of healthcare reform or the reduction in a key Federal Reserve stimulus program, according to survey results released...
| Feb 28, 2014
| 7:14 AM
WASHINGTON -- Fourth-quarter economic growth was revised down sharply Friday to 2.4% as new data showed consumers opened their wallets less in the face of severe weather and businesses sold fewer goods abroad than initially estimated.
The new figures...
| Feb 26, 2014
| 4:32 PM
U.S. and Japanese regulators are investigating the collapse of the world's largest exchange for trading bitcoins, the virtual currency that has grown in popularity among technophiles for buying products and services online.
The separate investigations...
| Feb 27, 2014
| 5:29 PM
WASHINGTON — The Federal Reserve is trying to figure out how much of the recent economic slowing was caused by the harsh winter weather, a determination that could prompt it to reconsider how fast it pulls back on its key economic stimulus.
| Feb 25, 2014
| 6:29 AM
Heavy snow and bitter cold in much of the country have caused more than $1.5 billion worth of insurance losses, making this winter among the costliest in decades for the industry, according to a report Tuesday.
There have been more than 175,000 claims...