Sales of newly built U.S. single-family homes rose in July to their fastest pace in 10 months, while orders for long-lasting manufactured goods surged, hinting a modest economic recovery was taking shape.
Dallas Federal Reserve President Richard Fisher said on Wednesday the U.S. economy is poised for a slow, sluggish recovery as it emerges from a painful recession.
U.S. regulators are likely to back down from the tough stance they took a month ago on rules for auctions of troubled banks, which could clear the way for more private equity bidders to come back into the game.
While the cash-for-clunkers auto rebate program gave the U.S. economy a strong boost, the end of the recession remains uncertain, the head of chemical maker Huntsman Corp (HUN.N) said on Wednesday.
Stocks advanced on Wednesday after data showed July new home sales rose at their fastest pace in almost a year, while durable goods orders increased, but less than forecast excluding transportation.
There's no stopping it. If the latest generation has its way, the work force that fuels tomorrow's small businesses may largely be a stay-at-home crowd.
Oil pared early gains to drop below $72 a barrel on Wednesday, extending losses from the previous session, as rising U.S. crude stockpiles and a dip in equity markets outweighed bullish economic data.
Sales of newly built U.S. single-family homes rose for a fourth straight month in July to set their fastest pace since last September, while the inventory of unsold homes fell to the lowest level in 16 years, a government report showed on Wednesday.
Hedge funds and bank trading desks are hiring again after the downturn and have already snapped up some of the most talented managers dislodged while firms struggled in the credit crisis, industry insiders said.
G20 finance ministers will discuss next week how to curb excessive bankers' pay but the group of leading nations is not expected to heed a French call to cap and tax bonuses, officials and analysts said.
A surge in demand for aircraft pushed new orders for long-lasting U.S. manufactured goods up at their fastest pace in two years in July, the government said on Wednesday, hinting a modest economic recovery was taking shape.
Stock index futures were mostly lower on Wednesday ahead of durable goods and new home sales data and one day after upbeat consumer and housing indicators helped lift shares to 2009 highs.
The Canadian dollar fell to its lowest level of the week versus the U.S. greenback on Wednesday
as a warning by a Bank of Canada official about the currency's strength continued to weigh. Meanwhile, stronger-than-expected U.S. durables data boosted the greenback and added pressure on the already-softer Canadian unit.
Wall Street was set to open little changed on Wednesday after data for new orders of long-lasting U.S. manufactured goods recorded their biggest gain in two years in July, but rose less than forecast, excluding transportation.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1 to 0.4 percent, pointing to a firmer start on Wall Street on Wednesday.
New orders for long-lasting U.S. manufactured goods recorded their biggest gain in two years in July, buoyed by a surge in aircraft orders, a government report showed on Wednesday.
New orders for long-lasting U.S. manufactured goods rose more than expected in July, posting their biggest gain in two years, according to a government report on Wednesday that offered more evidence a modest economic recovery was probably starting to take shape.
Stock index futures fell on Wednesday as oil futures turned lower and ahead of durable goods and new home sales data.
G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear the fiscal and monetary boosts remain in place for now, a UK government source told Reuters on Wednesday.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1-0.4 percent, pointing to a firmer start on Wall Street on Wednesday.
G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear they must remain in place for now, a UK government source told Reuters on Wednesday.
World stocks steadied just off this week's 10-month high on Wednesday while a closely-watched German survey, showing a bigger-than-expected improvement in business morale, gave the euro a brief shot in the arm.
Japan's exports slipped in July as annual drops in exports to the United States and China accelerated, in a sign that the impact of stimulus measures in major economies worldwide may be starting to wane.
Asian stocks edged higher on Wednesday, with thin summer trading volumes keeping prices choppy and centered on short-term chart targets, while oil hovered near $72 a barrel, capped by a surprising rise in U.S. inventories.
Colonial BancGroup Inc filed for Chapter 11 bankruptcy protection on Tuesday, 11 days after regulators seized its banking operations and sold most of those assets to BB&T Corp .
A federal judge ordered Bank of America to explain why it agreed to pay $33 million to settle a U.S. Securities and Exchange Commission lawsuit if it believed it properly disclosed bonuses it authorized for Merrill Lynch & Co employees.
A major fund-raiser for Barack Obama, Hillary Clinton and other Democrats was charged by federal prosecutors in New York in connection with a scheme to defraud Citigroup Inc .
A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead gi...
(Corrects word in paragraph 2 to 'settlement' from 'statement')
A firm co-founded by Bernard Madoff has asked a U.S. bankruptcy judge to dismiss a roughly $100 million lawsuit accusing it of helping to fund billions of dollars to the now-imprisoned swindler.
