NIE ROCKS! The Fiscal Cliff
What is the fiscal cliff? It is a term first used by Federal Reserve Chairman Ben Bernanke to describe the impact on the economy of about $502 billion in expiring tax cuts and spending reductions, bot... Posted on 12/5/12 at 2:11 PM
NEW YORK - Global equity markets edged higher on Wednesday as the Federal Reserve reinforced investor views that the U.S. economy shows signs of strength despite weak data for the first quarter, while oil prices fell on record-high U.S. inventories.
Unemployment rate rises to 6.7 percent from 6.6 percent
WASHINGTON - U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.
NEW YORK - U.S. stocks tumbled on Monday alongside other risky assets globally as Ukraine and Russia prepared for possible war after Russian President Vladimir Putin declared he had the right to invade his neighbor.
NEW YORK - U.S. stocks rose on Friday as some positive economic data boosted the S&P 500 to record levels for a second straight day and put major indexes on track for strong gains in both the week and the month.
NEW YORK - U.S. stocks rose the most so far this year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy, and as Disney's results overshot expectations.
January was a tough end to the most competitive holiday season in years for U.S. retailers. Retailers' sales results reported on Thursday showed shoppers continued to pinch pennies, seeking out bargains and paying fewer visits to stores in a month when consumers typically conclude their holiday shopping by redeeming gift cards.
NEW YORK - U.S. stocks slumped on Monday, with the S&P 500 hitting its lowest level since October after weaker-than-expected data on the factory sector in the world's largest economy provided investors with the latest reason to book profits.
WASHINGTON - Contracts to buy previously owned U.S. homes fell sharply in December to a more than two-year low due in part to unusually cold weather across the country, pointing to signs of a slowdown in the housing market.
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