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Friday, January 30, 2015
Fed keeps 'patient' tack on rate hike on upbeat outlook for US economy
The U.S. Federal Reserve on Wednesday kept its “patient” tack on an interest rate hike as it upgraded its view of the U.S. economy, signaling a June move remained in play.
Wednesday, January 28, 2015
The Dow fell more than 350 points in early trade Tuesday following several disappointing earnings reports from big companies and a surprising drop in durable goods orders.
Orders for long-lasting manufactured goods dropped sharply in December, dragged lower by a big decline in demand for commercial aircraft.
Sunday, January 25, 2015
Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday.
Saturday, January 24, 2015
U.S. home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that apartment dwellers are facing more financial pressure.
Thursday, January 22, 2015
Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level since the peak of the housing boom nine years ago.
Monday, January 19, 2015
U.S. President Barack Obama on Saturday proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.
Saturday, January 17, 2015
U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.
Thursday, January 15, 2015
U.S. retail sales stumbled last month in a sign consumers remained frugal even as gas prices declined and hiring picked up.
Wall Street stocks fell sharply in opening trade Wednesday following a disappointing U.S. retail sales report and lackluster earnings from large banks.
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