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By Lorraine Woellert, Bloomberg |
September 28, 2012
Consumer spending in the U.S. barely rose in August after adjusting for inflation, showing the economic expansion is struggling to gain momentum.
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By Michelle Jamrisko, Bloomberg |
September 20, 2012
More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening.
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By Michael J. Moore, Bloomberg |
July 19, 2012
Morgan Stanley reported a 50 percent drop in earnings and said it will cut more jobs as revenue from trading stocks and bonds declined the most among Wall Street banks.
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By John Detrixhe, Bloomberg |
July 19, 2012
Barclays Plc’s admission that it rigged the London interbank offered rate shows regulators, central bankers and politicians weren’t paying attention when everyone from Citigroup Inc. to the Bank for International Settlements indicated that the measure was being manipulated.
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By Prashant Gopal, Bloomberg |
July 12, 2012
U.S. lenders are notifying more delinquent homeowners they face foreclosure, a step toward clearing a backlog of properties and helping to accelerate a housing recovery.
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By Dakin Campbell and Michael J. Moore, Bloomberg |
June 22, 2012
Credit Suisse Group AG’s credit rating was cut three levels and Morgan Stanley’s was reduced by two as Moody’s Investors Service downgraded 15 banks in moves that may shake up competition among Wall Street’s biggest firms.
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By Timothy R. Homan, Bloomberg |
May 29, 2012
Confidence among U.S. consumers unexpectedly fell in May to the lowest level in four months as optimism about employment prospects faded.
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By Caroline Salas Gage, Bloomberg |
May 21, 2012
Stephen Stanley, chief economist at Pierpont Securities LLC, has derided the Federal Reserve for downplaying improvement in the U.S. economy. Yet his 2.6 percent forecast for growth this year is below the midpoint in the central bank’s projection of 2.4 percent to 2.9 percent.
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By Alex Kowalski, Bloomberg |
May 17, 2012
The index of U.S. leading indicators unexpectedly fell in April, indicating the pace of economic expansion may cool.
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By Kathleen M. Howley, Bloomberg |
April 3, 2012
As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the market.
