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By Inyoung Hwang, Bloomberg |
December 26, 2012
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third day, as President Barack Obama and Congress prepared to resume budget talks and retailers slumped after the Christmas holiday.
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By Daniel Kruger and John Detrixhe, Bloomberg |
December 26, 2012
Treasuries rose, pushing 10-year yields toward the lowest average annual yield on record, as U.S. leaders prepared to resume talks on a budget stalemate that may push the world’s biggest economy into recession.
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By Derek Wallbank, Bloomberg |
December 26, 2012
The deal that seems possible to fix the U.S. budget is getting smaller and smaller.
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By Inyoung Hwang |
December 21, 2012
U.S. stocks sank, paring the weekly gain in the Standard & Poor’s 500 Index, after a canceled vote sent budget talks deeper into turmoil.
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By Alanna Byrne |
December 21, 2012
Growing concern over the fiscal cliff negotiations sent global stocks falling overnight, and will likely offset the impact of several positive economic reports.
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By Joseph Ciolli and David Goodman, Bloomberg |
December 21, 2012
The Japanese yen and U.S. dollar strengthened as investors sought perceived safety on concern U.S. deficit- reduction talks will fail to avert spending cuts and tax increases that threaten to push the economy into a recession.
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By Philil Flynn |
December 21, 2012
A must read Energy Information Agency report that showed significant increases in U.S. production of crude oil and other liquid fuels and the outlook for further growth
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By Allison Bennett and David Goodman, Bloomberg |
December 20, 2012
The yen traded at an almost 20-month low against the dollar after the Bank of Japan boosted monetary stimulus and agreed to review its 1 percent inflation target.
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By Phil Flynn |
December 20, 2012
T’was the last Energy Report before Christmas and all through the pits, traders were wondering if we’d go off the cliff.
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By Alex Kowalski, Bloomberg |
December 20, 2012
The U.S. economy grew at a 3.1 percent annual rate in the third quarter, more than previously reported, reflecting the first gain in state and local government spending in three years, more consumer purchases and a smaller trade gap.
