News

Indications that the U.S. Federal Reserve will move to raise interest rates, even as other major central banks continue loose monetary policies, has fueled volatility in the foreign exchange market. Currency markets had a period of relative calm when central […]

The Federal Reserve signaled an increased likelihood of raising interest rates but said it has a less optimistic view of where the U.S. economy is headed. The policy committee said economic expansion has slowed due to a sluggish housing market […]

Analysts have revised the blended consensus growth outlook for Standard & Poor’s 500 companies in light of declining energy prices, a strong dollar and shaky foreign markets, according to data by FactSet Research Systems. They now predict that first-quarter earnings […]

The price of West Texas Intermediate crude, the main benchmark for U.S. oil supplies, fell to about $44 a barrel Monday, its lowest price in six years. The decline of U.S. and global oil prices continued as OPEC made public […]

The U.S. debt limit, which had been suspended since 2014, will be reinstated today. The Treasury Department will use “extraordinary measures” to make payments on the debt, but it’s estimated the cap will need to be raised sometime in the […]

U.S. households’ net worth grew 1.9% to reach a record high of nearly $83 trillion in the fourth quarter, according to the Federal Reserve. The numbers aren’t adjusted for inflation or population growth. Gains were powered by rising home and […]

Morgan Stanley, Wells Fargo, Goldman Sachs Group and other major banks announced plans to increase dividends, buy back stock or both after the Federal Reserve announced stress-test results. The central bank approved the capital plans of 28 of 31 major […]

At next week’s policy meeting, the Federal Reserve could remove its promise to be “patient” from official language about raising short-term interest rates. That could pave the way to discuss a rate hike at its June meeting. That possibility, which […]

A strengthening U.S. job market isn’t translating into much bigger paychecks, with 2% wage gains barely more than half the rate typically seen in a recovery. As a consequence, consumer spending remains tepid. And the reason may lie in other […]