Federal Reserve System

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

Stock market jumps after strong jobs report

NEW YORK (AP) — Good news was finally good news for the stock market on Friday. Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging […]

12/06/2013

Penny and Phil Sound Bite

Jobs report roundtable

A recent string of good news reports about the U.S. economy was sending shivers down the spines of many Wall Street traders who believe encouraging signs will push the Federal Reserve closer to puling back […]

12/06/2013

Jimmetta Smith, of Lithonia, Ga., 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)

US unemployment falls to 7 pct. on 203K jobs added

WASHINGTON (AP) — A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The surprisingly robust job gain suggested that the economy may have […]

12/06/2013

In this July 16, 2013, file photo, a covered vehicle sits in part of the new paint shop at Chrysler's Sterling Heights Assembly Plant in Sterling Heights, Mich. (AP Photo/Paul Sancya, File)

US economy grows at 3.6 percent rate in 3rd qtr.

WASHINGTON (AP) — The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a […]

12/05/2013

A specialist works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Strong US jobs report keeps markets in check

LONDON (AP) — A forecast-busting U.S. jobs report kept markets in check Wednesday as investors pondered the likelihood of an imminent monetary tightening from the Federal Reserve. A run of solid economic reports has ratcheted […]

12/04/2013

A specialist works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

US stocks pause after long holiday weekend

NEW YORK (AP) — The stock market is little changed is early trading after eight straight weeks of gains and the long holiday weekend. The Dow Jones industrial average eased eight points to 16,077. The […]

12/02/2013

A sale pending announcement sits atop a for sale sign in a home's yard in Richardson, Texas. (AP Photo/LM Otero, File)

US average on 30-year mortgage rises to 4.29 pct

WASHINGTON (AP) – Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels. Mortgage buyer Freddie Mac said Wednesday that the […]

11/27/2013

In this Thursday, Nov. 14, 2013, file photo, retired U.S. Army Sgt. 1st Class Duane Stubbs, right, of Morrow, Ga., shakes hands with retired U.S. Army 1st Sgt. Leland Smith, CEO of SolidHires, during a job fair for veterans at the VFW Post 2681, in Marietta, Ga. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Wednesday, Nov. 27, 2013. (AP Photo/David Goldman, File)

US jobless claims drop to 316,000, as layoffs slow

WASHINGTON (AP) – The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off. The less volatile four-week […]

11/27/2013

Federal Reserve Chairman Ben Bernanke listens while participating in a panel at the International Monetary Fund (IMF) in Washington Friday, Nov. 8, 2013, on "The Crisis as a Classic Financial Panic." (AP Photo/Jacquelyn Martin)

Bernanke: Fed has greater power to combat crises

WASHINGTON (AP) — Chairman Ben Bernanke said Friday that the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to […]

11/08/2013

Job applicants arrive for an internship job fair held by the Miami Marlins, at Marlins Park in Miami. ( AP Photo/Lynne Sladky, File)

US businesses boost hiring despite the shutdown

WASHINGTON (AP) — The U.S. economy may be sturdier than many analysts had assumed. Employers added a surprisingly strong 204,000 jobs in October despite the 16-day government shutdown, the Labor Department said Friday. And they […]

11/08/2013

A board on the floor of the New York Stock Exchange shows the record closing number for the Dow Jones industrial average. Tuesday, Oct. 29, 2013.  (AP Photo/Richard Drew)

Dow hits another high on hiring surge last month

NEW YORK (AP) — An unexpectedly strong jobs report gave stocks a lift on Friday, pushing the Dow Jones industrial average back to an all-time high. The gains were led by banks, such as Bank […]

11/08/2013

A specialist works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

No October jinx this time for the stock market

NEW YORK (AP) — October, with its history of big crashes on Wall Street, didn’t scare off investors this time. To the contrary, the stock market seemed unstoppable. The Standard & Poor’s 500 index closed […]

10/31/2013

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