By ABC News

Oct 10, 2013 9:33am

Fed Nominee Janet Yellen Eases Markets

Morning Money Memo: The introduction of Janet Yellen as Fed chair nominee helps ease markets. The markets responded positively Wednesday to the news; the Dow posted a 26-point gain, just its second positive day since the government shutdown began Oct. 1. Yellen will come in… Read More »

Oct 8, 2013 2:46pm

Wall Street Prepares for the Worst, Hopes for the Best

Amid another day of triple-digit losses for the Dow, U.S. financial firms are putting together plans for a worst-case scenario that involves a default on government debt and the resulting disruption to bond, credit and equities markets. The Dow Jones Industrial Average has closed down on 11… Read More »

Oct 1, 2013 8:08am

Government Shutdown Bad for Business

Morning Money Memo: If the government shutdown lasts for more than a few days, many businesses could be forced to lay off employees. Millions of firms do business every day with the federal government. Many still don’t know which contracts will be honored during the… Read More »

Sep 30, 2013 8:49am

5 Business Stories You’ll Care About This Week

Wall Street and Washington:   One week ago the markets hit a record high as the Federal Reserve decided to keep pumping $85 billion a month of stimulus into the economy.  The good vibes didn’t last long though, since hitting that record high last Wednesday the Dow… Read More »

Aug 28, 2013 7:59am

Global Market Turmoil

Morning Money Memo… Stocks around the world are tumbling for a second day as fears intensify about the threat of a wider conflict in the Middle East after a likely U.S. military strike on Syria. Oil prices are now at their highest level in 18… Read More »

By ABC News

Aug 22, 2013 6:09pm

U.S. Investigates Technical Issue That Led to 3-Hour Stoppage at Nasdaq

ABC News’ Rebecca Jarvis and Zunaira Zaki report: A technical problem shut down operations in the Nasdaq for nearly three hours today before trading returned to normal. “This is not something that I think we have ever seen,” said Art Hogan of Lazard Capital Markets…. Read More »

Aug 15, 2013 4:31pm

Triple-Digit Decline for Dow Jones Industrials

Wall Street finished the day sharply lower with the Dow Jones Industrial average down 225 points at 15,112.19. the biggest loss in nearly two months. The blue-chip index has now posted losses in 10 of the last 14 trading days. The S&P 500 and NASDAQ… Read More »

Aug 15, 2013 11:15am

Unemployment Claims Lowest Since 2007

The number of jobless claims reported by the Department of Labor fell to 320,000 seasonally adjusted for the week ending Aug. 10, the lowest since Oct. 2007, before the start of the last recession. The figure fell 15,000 from the previous week’s revised tally of… Read More »

Aug 11, 2013 6:01am

Top 5 Business Stories You’ll Care About This Week

    Uncle Sam’s Monthly Budget – On Monday at 2 p.m., the Treasury Department will release its monthly accounting. In June, the government posted its biggest budget surplus in five years – $116 billion. That huge surplus came thanks to what analysts called calendar… Read More »

By ABC News

Aug 8, 2013 4:25pm

Grad Student Looking for Work Gets Noticed for His Sweet Approach

ABC News’ Mary Godie reports: What’s the craziest thing you’ve done to get a job? Ever hand out free coffee and doughnuts in front of a potential employer? Well, that’s what Fordham graduate student Michael Penn, 23, did this morning. His goal: to land a… Read More »