Federal Reserve System

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

In this Friday, Sept. 7, 2012, photo, WorkForce One staffer Rose Capote-Marcus works with a client, Pen Osuji as he works on job applications at an unemployment office in the Hollywood, Fla. (AP Photo/J Pat Carter)

Fewer Americans seek unemployment aid for 3rd week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell 10,000 last week to a seasonally adjusted 340,000, a sign that employers are laying off very few workers. The Labor Department said Thursday […]

10/31/2013

The decision of the Federal Reserve appears on a television screen on the floor of the New York Stock Exchange Wednesday, Oct. 30, 2013.  (AP Photo/Richard Drew)

Fed leaves low interest-rate policies unchanged

WASHINGTON (AP) — The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately. In a statement Wednesday after a policy meeting, the Fed said […]

10/30/2013

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 closes at a record high as Fed meeting begins

NEW YORK (AP) — Investors drove the Dow Jones industrial average to an all-time high Tuesday on expectations that the Federal Reserve will keep its economic stimulus program in place. The Dow rose 111.42 points, […]

10/29/2013

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

Signed contracts to buy US homes plunges in Sept.

WASHINGTON (AP) — The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have […]

10/28/2013

Registered nurse Salanda Bowman, left, talks with part-time Kentucky Wesleyan College student Jason Ward, of Whitesville, about job openings at the Owensboro Health Regional Hospital during a Regional Career and Job Fair in the Owensboro Sports Center  in Owensboro, Ky. (AP Photo/The Messenger-Inquirer, Gary Emord-Netzley, File)

US hiring slows in September to just 148,000 jobs

WASHINGTON (AP) — The U.S. economy added just 148,000 jobs in September, suggesting that employers held back on hiring before a 16-day partial government shutdown began Oct. 1. Still, hiring last month was enough to […]

10/22/2013

Trader Gregory Rowe, left, and specialist Anthony Rinaldi work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)

US stocks dip on earnings; Debt deadline nears

NEW YORK (AP) — Earnings news gave investors something else to focus on Wednesday as a government shutdown entered its ninth day and a potential economy-shaking federal default edged ever closer. Stocks moved between small […]

10/09/2013

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