Federal Reserve System

Luigi Muccitelli, center, works with fellow traders on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Stocks flat on Wall Street in quiet trading

NEW YORK (AP) — An early gain was mostly gone by midday on Wall Street as the market flattens out after six days of gains. Trading was quiet with many investors out on vacation. The […]

12/27/2013

(AP Photo)

Weekly US jobless claims drop 42K to 338K

WASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012. But economists say the figures from late November […]

12/26/2013

Money traders work under screens in Tokyo, Japan. (AP Photo/Koji Sasahara)

Optimism over US economy shores up markets

AMSTERDAM (AP) — Growing optimism over the U.S. economy helped shore up global markets Monday despite tensions in China’s credit markets. Germany’s DAX and the main U.S. indexes all struck record highs, albeit on a […]

12/23/2013

Jimmetta Smith, right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at the VFW Post 2681, in Marietta, Ga. (AP Photo/David Goldman, File)

Weekly US jobless claims hit 9-month high of 379K

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose 10,000 last week to a seasonally adjusted 379,000, the highest since March. The increase may reflect volatility around the Thanksgiving holidays. The Labor […]

12/19/2013

A Wall Street sign is seen at an entrance to the New York Stock Exchange. (AP Photo/Richard Drew,)

Stocks soar as Fed cuts stimulus, citing jobs

NEW YORK (AP) — The stock market had a swift and clear reaction to the Federal Reserve’s decision to trim its stimulus efforts: That wasn’t so bad after all. Stocks surged Wednesday, lifting the Dow […]

12/18/2013

March 29, 2013: A homeless man pushes a shopping cart full of his belongings across an intersection in the Skid Row area of Los Angeles. (AP Photo/Jae C. Hon, File)

AP survey: US income gap is holding back economy

WASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last […]

12/17/2013

Dec. 16, 2013: Specialist William Geier, left, works on the floor of the New York Stock Exchange.  (AP Photo/Richard Drew)

Stocks slip as Federal Reserve meeting begins

NEW YORK (AP) — Stocks edged lower in early afternoon trading Tuesday as the Federal Reserve begins a two-day policy meeting. Good news on the U.S. economy this month, including a blockbuster jobs report and […]

12/17/2013

In this Wednesday, Oct. 16, 2013, file photo, technicians repair machinery at Madelaine Chocolates factory in the Queens borough of New York. The Federal Reserve reports on output from U.S. factories, mines and utilities in November on Monday, Dec. 16, 2013. (AP Photo/Frank Franklin II)

US factory output rises solid 0.6 pct. in November

WASHINGTON (AP) — U.S. factories increased output in November for the fourth straight month, led by a surge in auto production. The gains show manufacturing is strengthening and could help boost economic growth at the […]

12/16/2013

CEO of Hilton Worldwide Christopher Nassetta, right, waits for his company's IPO to begin trading on the floor of the New York Stock Exchange, Thursday, Dec. 12, 2013. (AP Photo/Richard Drew)

US stocks lower, setting up 3rd day of declines

Lower stock prices on Thursday set up investors for what would be their third day in a row of declines. Stocks have risen sharply this year, and some analysts have been wondering if buyers will […]

12/12/2013

Nov. 14, 2013: retired U.S. Air Force Master Sgt. Thomas Gipson, of Atlanta, right, has his resume looked over by Ralph Brown, a management and program analyst with the Centers for Disease Control and Prevention, during a job fair for veterans at the VFW Post 2681,Marietta, Ga. (AP Photo/David Goldman, File)

US unemployment aid applications surge to 368,000

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year. The surge in first-time applications could be […]

12/12/2013

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