By Matthew Brown and Yasuhiko Seki May 1 (Bloomberg) — The yen fell to a two-week low against the euro as signs of recovery in manufacturing in China and the US sapped demand for the Japanese currency as a refuge from global financial turmoil.
By Peter A. McKay Investors bet that the US economy hit its trough in the first quarter and drove US stocks to three-month highs Wednesday ahead of the afternoon statement from the Federal Reserve. In recent weeks, investors have fixated on the light at the end of the tunnel for the US economy …
By Lucia Mutikani WASHINGTON, April 29 (Reuters) – The US economy contracted at a surprisingly steep 6.1 percent rate in the first quarter, dragged down by a record plunge in business inventories and a slump in exports, data showed on Wednesday.
By Laura Mandaro & Deborah Levine, MarketWatch SAN FRANCISCO (MarketWatch) — Some glimmers of hope buried in a report on the US economy’s surprisingly sharp contraction in the first quarter deepened the dollar’s slide against most rivals Wednesday, …
By David Lawder WASHINGTON, April 29 (Reuters) – The US Treasury on Wednesday said it would sell $71 billion in notes and bonds next week in a record quarterly refunding and move to monthly auctions of 30-year debt to finance massive stimulus and …
By Shobhana Chandra and Courtney Schlisserman April 28 (Bloomberg) — Consumer confidence in the US jumped by the most since 2005 this month as stocks rallied, mortgage rates dropped and Americans anticipated more jobs would become available.
By Peter A. McKay and Geoffrey Rogow US stocks drifted between slight gains and losses Tuesday as a bounce-back for consumer and transportation stocks was offset by a slide for banks due to renewed fears that big Wall Street firms may need more capital …
By Mike Ramsey April 27 (Bloomberg) — Chrysler LLC, racing against an April 30 deadline to cut labor costs or face bankruptcy, reached a tentative contract agreement with its biggest US union and won ratification of an accord with Canadian workers.
By Peter A. McKay and Rob Curran A round of better-than-expected earnings reports pushed stocks higher ahead of the government’s criteria for its stress test, expected at 2 pm EDT.
By Craig Torres and Dawn Kopecki April 25 (Bloomberg) — Financial regulators may force many of the largest US banks to raise new capital or conserve extra cash after accounting for assets held off their balance sheets.