Policy matters. For almost a decade, the economy and markets have been driven by the Federal Reserve’s (Fed) monetary policy.
Testing new post
Top policy makers are also set to offer Congress ways to ease bank regulations, according to testimony released ahead of a Senate hearing Thursday.
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY DAILY MARKET REPORTS Healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows. Oil has lost 20 percent in value this year as a global oversupply continues to weigh on […]
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY US FINANCIAL MARKET U.S. STOCKS SLIDE AS OIL DROP PRESSURES ENERGY SECTOR U.S. crude oil fell 2.7% to $43.23 a barrel, lowest levels since November. Oil prices have fallen roughly 20% this year. Chicago Fed President Charles Evans said it […]
SECTION SELECTION US FINANCIAL MARKET | US ECONOMY & POLITICS EUROPE & WORLD | TODAY IN HISTORY US FINANCIAL MARKET U.S. STOCKS CLIMB AS TECH SECTOR BOUNCES BACK U.S. stocks opened higher on Monday, with the Dow Jones Industrial Average hitting a record high, as investors snapped up beaten down technology stocks. European shares gain following French […]
Shares of Wal-Mart and other retailers were hammered after Amazon.com announced its entry into the brick-and-mortar retail business with its $13.7 billion deal to buy upscale grocer Whole Foods.
Apart from raising interest rates and forecasting one more hike for 2017 on Wednesday, the Fed laid out its first clear outline to start trimming its $4.2 trillion balance sheet “relatively soon”.
Sales at retail stores and restaurants dropped by 0.3% in May from the prior month.
The Dow Jones Industrial Average hit a record intraday high as bank stocks rose ahead of a highly anticipated interest rate hike and as technology stocks rebounded.
Shares of technology companies fell around the world Monday, building on Friday’s steep declines in the U.S. giants that had been driving this year’s stock market gains.