One of Wall Street's most influential strategists said on Monday the U.S. Federal Reserve is unlikely to ratchet back efforts to stimulate the economy soon, and that it was too early to worry about inflation choking off what would likely be a fitful recovery.
U.S. stocks fell broadly on Monday as regional manufacturing data dented optimism about the economy's health and resource shares fell alongside commodity prices.
Citigroup fully hopes to pay back the $45 billion it borrowed from the U.S. Treasury's banking bailout program, but there is no timetable, the No. 3 U.S. bank's chairman said on Monday.
President Barack Obama, on Monday said the healthcare system is “a ticking bomb” which could send the U.S. government down the same road as that of General Motors and go broke if the healthcare system is not reformed.
U.S. stocks sold off broadly on Monday as regional manufacturing data sparked fresh concerns about the economy's health, while sliding commodity prices hit shares of natural resource companies.
(Corrects Dow reference in paragraph 3 to Last Friday, the Dow ... turned positive for the year for the first time since early January.)
U.S. stocks sold off broadly on Monday as regional manufacturing data sparked fresh concerns about the economy's health, while sliding commodity prices hit shares of natural resource companies.
U.S. stocks sold off broadly on Monday on as regional manufacturing data sparked fresh concerns about the economy's health, while sliding commodity prices hit shares of natural resource companies.
The Obama administration will target critical weaknesses in the troubled U.S. financial system, such as thin bank capital cushions and eroded lending standards, when it proposes an overhaul of financial regulation this week, two senior officials said on Monday.
Senior Obama administration officials on Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis.
Oil fell more than 3 percent to below $70 a barrel on Monday, extending its retreat from a near eight-month high as the dollar firmed and stock markets tumbled.
The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010.
The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010.
Citigroup Inc and the private sector arm of the World Bank have struck a deal to offer a $1.25 billion funding facility intended to stimulate emerging markets trade over three years.
U.S. stocks slid on Monday as retreating commodity prices drove a selloff in the shares of natural resource companies, while Goldman Sachs' downgrade of Wal-Mart Stores Inc pulled the discount retailer's stock down more than 2.6 percent.
The U.S. economy looks closer now to a turning point than it did just two months ago as the Federal Reserve's aggressive policies start to kick in more solidly, Chicago Federal Reserve Bank president Charles Evans said on Monday.
The slumping factory sector in New York state shrank at a more severe rate in June than during the previous month, the New York Federal Reserve said in a report on Monday.
Oil fell to around $71 a barrel on Monday, extending its retreat from a near eight-month high as the dollar firmed and analysts said the market had rallied too quickly.
Lincoln Financial Group said it would take federal bailout money and sell stock and debt to raise $2 billion to shore up its insurance unit and repay older debt.
Goldman Sachs senior investment strategist Abby Joseph Cohen said on Monday that risk aversion has eased, while inventory rebuilding and new business spending bode well for an economic recovery that could provide a dramatic surge in corporate profits by year end.
U.S. Treasury Secretary Timothy Geithner said on Monday the financial system was beginning to thaw but any renewed pick-up in the economy would likely be slower than usual.
Goldman Sachs senior investment strategist Abby Joseph Cohen said on Monday she does not expect major announcements from a meeting of U.S. Federal Reserve policymakers next week, and that market fears of inflation are spectacularly premature.
Senior Obama administration officials on Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis.
U.S. stocks extended losses on Monday as a broad pullback in commodities weighed on resource shares and profit-taking hurt big-cap technology companies.
Senior Obama administration officials on Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis.
Citigroup Inc and the private sector arm of the World Bank have struck a deal to offer a $1.25 billion funding facility intended to stimulate emerging markets trade over three years.
Senior Obama administration officials on Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis.
U.S. stocks opened lower on Monday as a resurgent U.S. dollar drove a pullback in the price of oil and other commodities, while a broker downgrade hurt shares of Wal-Mart Stores Inc .
Lincoln Financial Group said on Monday that it would accept federal bailout money as part of a plan to raise $2 billion that also includes sales of stock and debt.
U.S. stocks headed for a sharply lower open on Monday as a resurgent U.S. dollar drove a pullback in the price of oil and other commodities, while a broker downgrade hurt shares of Wal-Mart Stores Inc .
