Money and Monetary Policy

Wall St. bucks global slump

2013-05-24 00:00:00

NEW YORK — After bracing for a steep fall, Wall Street barely shrugged at a sharp sell-off in stock markets around the globe. It all started in Asia. Weak manufacturing data out of China pointed to a slowdown in the world's second-largest economy,...

Fed's mixed messages roil markets

2013-05-23 00:00:00

WASHINGTON — The Federal Reserve's unprecedented stimulus efforts are starting to box in the nation's central banker. Its bond purchases have helped fuel economic growth since the financial crisis. But Fed policymakers now must figure out how...

As stocks hit new highs, is the market overheating?

2013-05-20 08:44:00

NEW YORK -- Wall Street will be watching Ben Bernanke's testimony before Congress on Wednesday, hoping the Federal Reserve chairman will offer clues as to when the central bank may begin turning off its spigot of easy money. Investors will also be...

Stock market rises back into record territory

2013-05-14 14:48:00

The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses. Small business owners were slightly more optimistic in April,...

Europe could drop interest rate below zero on excess bank deposits

2013-05-13 08:27:00

WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...

Eurozone recession continues

2013-05-16 00:00:00

WASHINGTON — Europe's recession stretched into the first three months of the year, making it the single-currency region's longest downturn and raising concerns about its effect on the U.S. recovery. The 17-nation Eurozone economy contracted 0.2%...

Consumer prices fall 0.4% on cheaper gas

2013-05-16 06:23:21

A sharp fall in the cost of gas drove a measure of U.S. consumer prices down last month by the most since December 2008. Outside the drop in fuel costs, prices were largely unchanged. The consumer price index fell 0.4 percent in April from March, the...

Eurozone economy shrinks in first quarter, marking longest recession

2013-05-15 06:17:00

WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999. The 17-nation Eurozone now has been in...

Stock indexes shake off early slide, close higher

2013-05-15 14:46:00

Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports.� Google's stock topped $900 for the first time after the company announced several upgrades to its Android software for smartphones, and...

Poll: The feds' selective scrutiny of tax-exempt 'patriots'

2013-05-10 12:49:00

Vindicating the complaints of some "tea party" activists, a top IRS official admitted Friday that the agency had singled out such groups for scrutiny in the months leading up to the 2012 election. The revelation (accompanied by an apology from Lois...

Jobs numbers send stocks to record highs

2013-05-03 19:20:00

NEW YORK —The economy may still be dallying on its way to a recovery, but investors are paying that no mind, sending the stock market to all-time highs after a better-than-expected April jobs report. The Dow Jones industrial average and the...

Stocks surge to new highs after hiring climbs

2013-05-03 15:02:00

Stocks surged to all-time highs Friday when a surprisingly good jobs report finally gave investors a clear sign of U.S. economic strength after weeks of conflicting signals. The market jumped from the opening, traders donned party hats, and a wave of...

Front row: Ilona Kravchenko, Ukraine; Alona Shchepettkova, Ukraine; Tokzhan Zharkenova, Kazakhstan; and Sophie Kranhold, Germany. Not pictured are Danya Kindgen, Germany; Matheus Marreiro, Brazil; Alisa Pawlowsky, Germany; Aliya Burankulova, Kazakhstan; and Cristina Cerezo, Spain.

2013-03-10 20:23:00

German foreign exchange student Vincent Wasserfuhr (left) poses with his first Petoskey mom, Sherry McGuffin, in front of the German flag he gave to his history teacher Jodie Anderson. Vincent is completing his junior year at Petoskey High School sponsored by Rotary Club of Petoskey.

2013-03-08 08:28:00

Janet Yellen, vice chairman of the U.S. Federal Reserve, defended the Fed's easy-money policies as necessary to combat the weak labor market.

2013-03-04 06:53:57