The Dow and S&P slipped on Wednesday as JPMorgan Chase & Co's strong profit growth was not enough to convince investors that quarterly earnings would propel stocks out of the recent trading range.
General Electric Co, embroiled in controversy over its low 2010 U.S. tax bill, was the subject of a hoax press release claiming it would donate billions of dollars to the federal government.
The Dow and S&P were little changed on Wednesday despite strong profit growth from JPMorgan Chase & Co as analysts questioned if the bank's results were a one-time win or would translate to others' performances.
President Barack Obama's awaited proposal on Wednesday dealing with specific dollar amounts and cuts needed to address the United States' $14.3 trillion debt will contrast with a Republican proposal offered last week by offering a balance that it didn't have, a White House spokesman said.
Wall Street stocks were set for a higher open on Wednesday after JPMorgan Chase's earnings beat expectations and spurred bets that other banks' results will be strong.
Stock index futures rose on Wednesday, rebounding from the previous day's decline, after results from JPMorgan Chase beat expectations and spurred bets that other bank earnings will be strong.
The daughter of the leading Bahraini human rights activist has gone on a hunger strike to protest the detention of family members, including her father, by the state security forces over their anti-government protest activities.
Mitt Romney has started officially testing the waters for a presidential run in a state known for its independent voters and where he narrowly lost a presidential Republican primary four years ago.
President Barack Obama's strongest supporters in the United States are at the lowest level of his presidency yet and support from liberals is also sharply down from earlier this month, according to a daily presidential tracking poll.
Unofficial 2012 presidential hopeful Donald Trump just encountered his first personal challenge: questions regarding his string of corporate bankruptcies.
The Obama Administration is trying to balance keeping spending up in certain areas while cutting federal deficits and may be open to striking a deal with Republicans to raise the debt ceiling above its current $14.3 trillion levels.
House Speaker John Boehner, fresh off a tightly fought political battle to cut $38.5 billion from the federal budget for the rest of the fiscal year, said he understands President Barack Obama better and says there is a wide ideological gap between them about the role of the federal government.
Former Massachusetts Gov. Mitt Romney on Monday blamed President Barack Obama's policies for high unemployment and declared he will officially test the waters for a Presidential run by forming an exploratory committee.
President Obama “never did a deal in his life except with Tony Rezko,” said Donald Trump.
The economic recovery is so sluggish that the Federal Reserve needs to keep easy money policies in place while the government comes to grip with its debts, the International Monetary Fund said on Monday.
House Speaker John Boehner on Monday said that the Republican proposal for the 2012 budget leads where the Obama administration failed by taking on challenges facing healthcare, retirement and energy to create jobs.
Stock index futures edged up on Monday as hopes for a strong earnings season offset some concerns about another earthquake in Japan.
Stock index futures edged up on Monday as hopes for a strong earnings season offset some concerns about another earthquake in Japan.
Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.3 percent.
David Plouffe, one of President Barack Obama’s closest advisors, said Sunday that potential 2012 presidential candidate Donald Trump has ‘no chance’ of being elected to office.
With one budget fight behind him, President Barack Obama will offer a long-term plan for deficit reduction this week in preparation for bigger U.S. spending battles ahead, the White House said on Sunday.
President Barack Obama will announce later this week deficit reduction targets and a timeline to reach them, White House adviser David Plouffe said on Sunday.