| Apr 22, 2014
| 8:35 AM
The Federal Reserve's low interest rate policies, designed to stimulate the economy, have cost savers about $758 billion since the end of the Great Recession, according to a study released Tuesday.
Inflation and low returns on deposits have led bank...
| Mar 18, 2014
| 6:43 AM
WASHINGTON -- Despite a sharp jump in food costs, consumer prices increased just 0.1% last month in an indication inflation remains in check, the Labor Department said Tuesday.
Over the previous year, the consumer price index has risen 1.1%. The...
| Apr 1, 2014
| 8:38 AM
This is no April Fool's joke: The Standard & Poor’s 500 index is at a record high and the Dow industrials aren’t far behind.
Encouraging manufacturing data pushed up the major indexes Tuesday morning, stoking optimism that the economy is...
| Mar 4, 2014
| 7:42 AM
Although the Federal Reserve has been criticized for its unprecedented efforts to fight the 2008 financial crisis, former Fed chief Ben S. Bernanke said Tuesday the central bank could have done more.
"Although we have been very aggressive, I think on...
| Mar 25, 2014
| 6:32 AM
WASHINGTON -- Top Federal Reserve officials said financial markets overreacted to Chairwoman Janet Yellen's comments last week indicating the central bank could start raising interest rates early next year.
In speeches and interviews, the officials...
| Feb 3, 2014
| 8:34 AM
WASHINGTON -- Treasury Secretary Jacob J. Lew on Monday pressured Congress to raise the debt limit well before an end-of-the month deadline, warning that lawmakers risked derailing a potential "breakthrough year for our economy" if they don't act quickly....
| Apr 10, 2014
| 11:09 AM
Another plunge in once-soaring technology stocks sent the Nasdaq composite index into a triple-digit decline and pushed the rest of the stock market down with it.
Erstwhile darlings such as Netflix Inc. and Facebook Inc., as well as biotechnology...
| Mar 13, 2014
| 10:41 AM
WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on...
| Feb 19, 2014
| 7:16 AM
A top European Union regulator raised concerns Wednesday about new Federal Reserve rules for foreign banks operating in the U.S., complaining the requirements were adopted unilaterally and could place an unfair burden on EU financial firms.
| Feb 7, 2014
| 1:29 PM
NEW YORK -- Stocks rallied about 1% despite the U.S. Labor Department's report showing weaker-than-expected employment growth last month.
Investors appeared to look on the brighter side of the federal government's closely watched barometer of the...
| Feb 10, 2014
| 11:28 AM
WASHINGTON -- A public interest group on Monday sued the Justice Department over last year’s record $13-billion settlement with JPMorgan Chase & Co., arguing the deal to resolve investigations into faulty mortgage investments was unconstitutional...