Tag Archives: pace
U.S. Bank Shares Rise on Bullish Signal From Trading Executive
J.P. Morgan Chase & Co.’s (JPM) revenue from trading stocks and bonds in the second quarter is on pace to rise 10% to 15% from a year ago, an early but bullish projection that helped lift several big U.S. bank stocks to 52-week highs on Tuesday. Continue reading
Stocks close lower after making records; S&P snaps 5-day rally
Stocks closed lower Thursday, after the Dow and S&P 500 briefly touched fresh all-time highs. Meanwhile, the U.S Continue reading
Fed stands by Herculean efforts to stimulate economy
Amid signs of a “spring slump” in the economy, the nation’s central bank decided to keep the pedal to the stimulus metal, leaving interest rates at historic lows to help spur demand from businesses, banks and shoppers.At the end of a regular, two-day meeting, the Federal Reserve Open Market Committee, which sets interest rate policy, said the economy has been expanding at a moderate pace. It also … Continue reading
Wall Street Week Ahead: Central banks, data to steer investors
By Wanfeng Zhou NEW YORK (Reuters) – With signs of a slower economy mounting, the near-term outlook for U.S. stocks isn't rosy, but investors may find comfort next week from the world's major central banks. The Federal Reserve will meet on Tuesday and Wednesday, with the report of weaker-than-expected, first-quarter growth could reinforce expectations the Fed will keep purchasing bonds at a pace of $85 billion a month. Continue reading
Boehner-led cost-cutting saving millions in the House
A cost-cutting effort launched by Speaker John Boehner is on pace to save taxpayers more than $400M by the end of this year. Continue reading
IMF’s Lipton adds pressure on UK to change economic course
A senior IMF economist added pressure on Britain’s finance minister George Osborne on Saturday to slow the pace of his deficit-cutting program to take into account the country’s under-performance on growth. Continue reading
Home construction accelerated in March
U.S. builders broke ground in March on homes at the fastest pace in nearly five years, fueled by a surge in apartment construction. The gains show the housing market is gaining strength ahead of the spring-buying season. Continue reading
S&P posts 2013′s worst weekly drop on jobs data
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended their worst week this year with losses on Friday after a weaker-than-expected jobs report undermined confidence in the economy and first-quarter earnings growth Continue reading
