14 hours ago .View photoAn "Assembled in the USA" stamp is seen at the side of a box containing a 32-inch television set in the warehouse of Element Electronics, in Winnsboro, ...
US stocks dropped after Federal Reserve Chair Janet Yellen offered a rough time-table for when the central bank could raise benchmark interest rates. The Dow Jones Industrial Average slid 114.02 points (0.70 percent) to 16,222.17. The broad-based S&…
The Federal Reserve stayed the course on tapering its stimulus for the US economy Wednesday, reducing asset purchases by $10 billion for the second month in a row. Amid emerging-market turmoil blamed in part on its stimulus reduction, the Fed, as expected…
European stocks slid further on Monday on expectations of further stimulus withdrawal by the Federal Reserve adding to emerging market strains, but avoided another sell-off. However London's benchmark FTSE 100 index tumbled 1.70 percent to close at…
Dec. 18 (Bloomberg) -- The Federal Reserve is cutting its monthly bond purchases to $75 billion from $85 billion, taking the first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover…
The Federal Reserve announced Wednesday it would start tapering its massive stimulus program in January, giving a vote of confidence in the recovery of the US economy and job market. The Fed will buy $75 billion on bonds a month next month, down from…
US stocks Wednesday closed lower after the US Federal Reserve maintained an aggressive monetary stimulus program and reiterated that it will await stronger economic conditions before scaling it back. The Dow Jones Industrial Average fell 61.59 (0.39…
