| Oct 15, 2014
| 5:08 PM
First it was fresh concerns about the fragile Eurozone recovery. Then there was the sudden steep fall in oil prices. Now investors are worrying whether the American economy can pull up a slumping global economy.
And overlaying all these — fears...
| Oct 15, 2014
| 1:37 PM
Wall Street may be in a panic, but ordinary investors should not sell their stocks.
A recession in Europe, slower growth in China, falling oil prices, and prospects the Federal Reserve will raise short-term interest rates in 2015 are keeping money...
| Oct 14, 2014
| 5:00 AM
Two major community advocacy groups called on federal regulators to reject CIT Group Inc.'s proposed $3.4-billion takeover of Pasadena's OneWest Bank, contending that the bankers are catering to the rich and neglecting lower-income California borrowers....
| Oct 17, 2014
| 8:08 AM
Federal Reserve Chairwoman Janet L. Yellen raised alarms Friday about rising income inequality in the U.S., saying it "greatly" concerned her and suggesting the trend was incompatible with American values.
The last several decades "have seen the most...
| Oct 16, 2014
| 7:37 AM
Initial claims for jobless benefits fell sharply last week to their lowest level in 14 years as the labor market continued to show signs of improvement despite global economic problems.
The number of people filing for first-time unemployment benefits...
| Oct 3, 2014
| 9:19 AM
U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.
Friday's report on employment is the most significant gauge of the economy's health...
| Sep 30, 2014
| 3:34 PM
As the stock market enters the last quarter of the year, investors are expected to stick with stocks. Not because they think stocks are a great deal. Rather, professional investors see no other game in town.
Many analysts repeatedly note that stocks are...
| Oct 6, 2014
Ronald McKinnon, a retired professor of economics at Stanford University who warned Federal Reserve policy makers including former Chairman Ben Bernanke that its large-scale asset purchases would harm the economy, has died. He was 79.
| Sep 26, 2014
| 3:27 PM
There's still a ways to go before 2014's housing market wraps up, but industry watchers are already looking ahead to next year. So, too, are potential buyers and sellers who decided to sit this year out.
Last week, the Illinois Association of Realtors...
| Oct 1, 2014
| 10:52 AM
The Federal Reserve, the nation's central bank, was established by Congress to regulate the money supply — that is, the value of the dollar, credit and interest rates. And for years now, it has undertaken extraordinary and unprecedented actions to...
| Sep 22, 2014
| 8:38 AM
Philadelphia Federal Reserve President Charles Plosser, who has pushed the central bank to move more quickly to raise its rock-bottom interest rates, said Monday he would retire on March 1.
Plosser, known as an inflation hawk because of his view that...