‘Fiscal Cliff’ Standoff Weighs on Stocks, 401(k)s
Investors hate uncertainty, and Washington’s game of cat and mouse on the so-called fiscal cliff of tax hikes and spending cuts has erased hundreds of billions of dollars from the wealth of Americans. If a deal is not reached, the consequences for the economy will be… Read More »
EmailUS Household Debt Falls to 29-Year Low
Morning Business Memo While politicians in Washington stumble toward the fiscal cliff, American households have really cleaned up their act. After consumers build up a massive debt load during the housing bubble of the early 2000′s, they went on a money diet. According to the… Read More »
Starbucks to Congress: ‘Come Together’
Starbucks will use its words and coffee cups to send a message to Congress about working together on securing America’s future. In an effort to prod the Democratic and Republican members to come together to create a responsible financial plan as the country approaches the… Read More »
Fed Won’t Raise Rates Until Unemployment Falls to 6.5 Pct
For the first time in its history the Fed has announced explicit targets for both inflation and unemployment in setting monetary policy. The Fed said today that it will not raise short-term interest rates until the unemployment rate drops below 6.5 percent and if inflation… Read More »
Toddler’s Hilarious Reaction to the Fiscal Cliff
As the fiscal cliff stand-off between Congress and the White House heats up and raises the ire of millions of Americans, not many people consider the issue a laughing matter. Nobody told that to Charlie Blanchette. The 22-month-old toddler got a real kick out of… Read More »
Fiscal Cliff Talks Heat Up This Week
Morning Business Memo: The fiscal cliff is a threat to the economy and the stock market. The Dow Jones index, S&P 500 and other averages are coming off one of their worst weeks of the year with a drop of more than 2 percent. Economists… Read More »
Stocks Slide After Obama Re-election
Stocks fell the most in a year on Wall Street following the presidential election and new worries from Europe that a broad recession there is now all but certain. Index futures had been higher early Wednesday but reversed course after the European Union slashed its… Read More »
Stocks Rise as Markets Open After Hurricane Sandy
U.S. stocks opened up on Wednesday morning after being closed for two days because of Hurricane Sandy, the longest weather-related closure since the blizzard of 1888 struck New York. The Dow Jones Industrial Average rose 0.49 percent to 13,172 after trading resumed at 9:30 A.M. eastern… Read More »
Stock Markets to Reopen After Hurricane Sandy Shut Down NYSE
Hurricane Sandy‘s winds and rains subsided today, and the New York Stock Exchange announced it will open for normal operations on Wednesday. This was the first time since 1888 that weather shut down stock trading for two days. NYSE Euronext said trading will resume for… Read More »
Hurricane Sandy: Losses Estimated at $45 Billion
With about one-fifth of the U.S. affected directly by Hurricane Sandy, tragic human loss reached 69 in the Caribbean, and U.S. economic losses could range around $35 billion to $45 billion. However, those losses in consumer and business spending as much of the East Coast… Read More »
RSS
Twitter
Facebook