Stocks ended lower Wednesday, erasing earlier gains, as investors took a ’sell the news’ reaction after the Federal Reserve cut a key short-term interest rate, as expected, and signaled it may not cut rates again anytime soon.
A group of Democratic lawmakers unveiled sweeping legislation Wednesday that promises to shield consumers from harmful, and in some instances predatory practices, by the credit card industry.
The Federal Reserve cut its key interest rate by a quarter percentage point Wednesday, but the central bank’s statement signaled it may be the last rate cut for at least a while.
You may have to get used to paying more for your groceries for another two years or more.
Oil fell sharply Wednesday after the Federal Reserve said it would lower interest rates by 1/4 of a percentage point. Earlier in the day, oil prices eased following a report that showed supplies of crude increased more than expected last week.
The market is eager to see Ben Bernanke heading for the sidelines. But with the U.S. economy softening, he may not stay there for long.
Truly determined optimists purported to divine good news amidst the wreckage of General Motors’ $3.25 billion first-quarter loss. To be sure, the financial results were better than some had expected, GM made money everywhere except in North America, and the automaker is doing better controlling its costs.
This statement was posted on the Federal Reserve Web site on April 30, 2008.
Shareholders have been up arms lately about huge CEO paychecks, but so far that fervor hasn’t translated into much action.
General Motors Corp. reported a large first-quarter loss Wednesday, due in large part to struggles at its former finance wing GMAC, a strike at American Axle and slumping U.S. car sales.
It looks like we’ll have to wait another few months to see if the economy is actually going to decline or just continue to muddle along with practically no growth.
The nation’s economy continued its sluggish growth in the first quarter, according to a government report Wednesday that showed a slightly better-than-expected gain in economic activity.
There is nothing remotely fuddy-duddy about Mindy and Brad Reese.
Randall Stephenson, towering and rail-thin, expertly works the crowd, shaking hands and slapping backs as he strolls through the AT&T auditorium at a sprawling office park in Bedminster, N.J. A throng of people crane their necks and press toward him as he makes his way to the stage; every seat in the theater is filled, and folks are standing in the back. Some 17,000 people across the world are watching his speech via the Web.
For nearly two years, Adriel and Lance Bush tried unsuccessfully to sell their 1925 home in West Palm Beach, Fla. First the couple went the traditional route: They hired a realtor (three of them, in fact) who gave them standard advice, like getting rid of all the clutter caused by their twin toddler boys. They also renovated their master bath and added granite counters to the kitchen. Still no takers, which wasn’t surprising: Home sales in the West Palm Beach area have fallen by double digits.
Financial Update, Second Quarter 2008. Federal Reserve Vice Chairman Donald Kohn recommended that commercial and investment banks operate with less debt, saying that the financial system’s increased stability will outweigh the costs.
Stocks futures turned positive Wednesday after the latest reading on the U.S. economy came in slightly better than expected, while investors awaited a rate decision from the Federal Reserve and digested a host of negative corporate earnings announcements.
No news isn’t always good news. Four days have passed since the expiration of Microsoft’s deadline for Yahoo to accept its buyout offer or face a hostile takeover.
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