Some Federal Reserve officials expressed willingness to
ease back the central bank's stimulus program as early as June if
the economic recovery strengthens further, according to minutes from their
policy meeting three weeks ago.
U.S. stock indexes turned down Wednesday following comments from Federal Reserve
Chairman Ben Bernanke that the central bank would stick by its accommodating monetary
policies while many workers remain underemployed or out of work.
Federal Reserve Chairman Ben S. Bernanke said Wednesday
that the central bank could start scaling back its stimulus program in the next
few months, but warned against acting too quickly.
IMF chief Christine
Lagarde is due to appear before magistrates in France Thursday
investigating her role in a large payout to a businessman and
More than $12 trillion has been squirreled
away in European Union tax havens, the anti-poverty organization
Oxfam said as EU
leaders were set to take up the fight against tax evasion.
Sales of existing homes were down in March due to constraints on inventory, according to the National Association of Realtors.
The debate on the costs and benefits of exporting some of the abundant natural gas available in the U.S. is coming to an end with a permit issued for export to Japan.
General Motors Chairman and CEO Dan Akerson discusses why many of America's top "car guys" are actually women.
Two staples of the Memorial Day weekend -- beef and gasoline -- are going up just in time for Memorial Day weekend.
Apple Inc.'s stateless subsidiaries beyond any taxing authority's reach are not a tax-avoidance trick, the U.S. company's top executive is to testify Tuesday.
A U.S. Senate committee accused Apple Inc. of running a complex web of offshore business interests to avoid paying billions of dollars in income taxes, saying the technology giant was "among America's largest tax avoiders."
Despite some interesting merger news, including the joining of GrubHub and Seamless, stock gains took a breather on Monday after a prolonged rally.
The Chicago Fed National Activity Index dropped from minus 0.23 in March to minus 0.53 in April, but remains significantly above recession levels, according to a report released on Monday.
U.S. workers are filing a record number of federal lawsuits against
employers alleging violations of wage and hour laws, such as not being paid
overtime and being misclassified as contractors, a recent study shows.
New projections of consumer spending indicate it will offset the hit to
the recovery from the federal government's automatic budget cuts, a panel of
economists said Monday.