| Feb 4, 2014
| 7:14 AM
A top Federal Reserve official expects the central bank to continue reducing a key stimulus program even though he sees more modest growth this year than many analysts have projected.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond,...
| Feb 7, 2014
| 1:25 PM
Bitcoin prices have crashed over the last few days--again!--this time because Mt. Gox, a major bitcoin exchange headquartered in Tokyo, abruptly announced it was suspending all withdrawals for "technical" reasons.
Mt. Gox said the suspension was...
| Feb 7, 2014
| 6:09 PM
WASHINGTON — Back-to-back months of sluggish hiring suggest the economic recovery may have lost some momentum and could give the Federal Reserve second thoughts about continuing to throttle back a key stimulus program.
Employers added a modest...
| Feb 10, 2014
| 8:19 AM
WASHINGTON -- Consumers last month were more optimistic their wages would rise, and expected to spend more this year, according to survey results Monday from the Federal Reserve Bank of New York.
Americans also expected inflation to slow somewhat to 3%...
| Feb 11, 2014
| 5:39 PM
WASHINGTON — The Federal Reserve's new leader, Janet L. Yellen, signaled that the central bank is likely to keep scaling back its signature stimulus program despite a recent string of weak economic data.
Making her first congressional appearance...
| Feb 12, 2014
| 8:27 AM
WASHINGTON -- Reflecting concerns that government settlements with big banks haven't been tough enough, two Democratic lawmakers want the Federal Reserve board to approve all major enforcement actions.
Sen. Elizabeth Warren of Massachusetts and Rep....
| Feb 12, 2014
| 1:39 PM
The Bank of England sought Wednesday to assure markets and businesses it won't raise its key interest rate any time soon despite a faster-than-expected decline in Britain's jobless rate.
The central bank previously said it would consider raising its...
| Jan 24, 2014
| 7:05 PM
NEW YORK — Wall Street took a drubbing for the second straight day as investors worry that an economic slowdown in emerging markets could trigger a correction in stocks.
The Dow Jones industrial average suffered a drop of 318.24 points Friday, the...
| May 28, 2014
| 3:00 PM
Royal Bank of Scotland has become the latest overseas bank to shrink its business in the United States after announcing it would cut its mortgage trading business by two-thirds, the Financial Times reported.
The British bank will eliminate hundreds of...
| Jan 29, 2014
| 6:21 PM
WASHINGTON — Shrugging off the recent turbulence in financial markets, the Federal Reserve gave an upbeat take on the U.S. economy and went through with a second straight cut to its large bond-buying stimulus program.
Although the decision to...
| Dec 18, 2013
| 6:38 AM
WASHINGTON -- The Federal Reserve's last chance this year to reduce a key stimulus program comes Wednesday when central bank policymakers wrap up a two-day meeting and Chairman Ben S. Bernanke holds his last scheduled news conference before stepping...