Fed suggests it's closer to slowing bond purchases
Martin Crutsinger, Associated Press |
posted 11 minutes ago
Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year because the economy is strengthening.
US Treasury bond market at a glance
The Associated Press |
posted 31 minutes ago
News Summary: Dow slides 206 points on Fed
The Associated Press |
posted 36 minutes ago
EASING BACK: Stocks slid and bond yields rose sharply after Federal Reserve Chairman Ben Bernanke said the central bank could start to pull back on its bond purchases later this year if the economy improves enough, and end the program by mid-2014.
Car quality dinged by tech glitches, survey finds
Dee-ann Durbin, Associated Press |
posted 43 minutes ago
Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.
GAO says airline merger would reduce competition
David Koenig, Associated Press |
posted 48 minutes ago
A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
5 points to know about the health care overhaul
Tom Murphy, Associated Press |
posted 54 minutes ago
Still a little hazy about the health care overhaul? You have plenty of company.
Gold and grain futures higher
The Associated Press |
posted Jun 19th - 2:51pm
Gold ended higher and grain contracts climbed in Wednesday trading.
How the Dow Jones industrial average fared
The Associated Press |
posted Jun 19th - 2:39pm
Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making big swings in recent weeks as traders try to anticipate when the Fed will ease back on the bond-buying program. The Dow Jones industrial average had its seventh straight move of 100 points or more.
Figures on government spending and debt
Associated Press |
posted Jun 19th - 2:36pm
Fed sees lower US unemployment, more growth
Christopher S. Rugaber, Associated Press |
posted Jun 19th - 2:29pm
The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slowing its bond-buying program.
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