National Economy
Home Depot gives lackluster outlook for next year
Dec 08, 2010 09:31 EST
NEW YORK (Reuters) - Top home improvement chain Home Depot Inc <HD.N> gave an outlook for the next financial year that could miss Wall Street expectations amid continued weakness in the U.S. economy and its shares fell.
Fannie, Freddie in talks with government on mortgages: report
Dec 07, 2010 22:23 EST
NEW YORK (Reuters) - Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances where borrowers owe more than the values of their homes, the Wall Street Journal reported on Tuesday citing people familiar with the situation.
Tax deal should help economy, analysts say
Dec 07, 2010 19:26 EST
White House-GOP tax-cut deal should boost economic growth and create jobs, analysts say. The tax deal struck by President Barack Obama and congressional Republicans essentially gives Americans a pay raise ? pumping money into the economy almost immediately and probably creating hundreds of thousands of jobs over the next two years, economists say.
Consumer credit jumps by most in more than 2 years
Dec 07, 2010 18:04 EST
Consumer borrowing up by largest amount in more than 2 years, led by rise in student loans. Consumer borrowing rose in October by the largest amount in more than two years, led by a big rise in the category that includes student loans.
Texas Instruments narrows quarterly guidance
Dec 07, 2010 17:22 EST
SAN FRANCISCO (Reuters) - Microchip bellwether Texas Instruments Inc <TXN.N> narrowed its quarterly earnings and revenue guidance, in line with analysts' expectations, as the industry deals with sluggish end-of-year demand.
Tax deal should help economy, analysts say
Dec 07, 2010 17:02 EST
White House-GOP tax-cut deal should boost economic growth and create jobs, analysts say. The tax deal struck by President Barack Obama and congressional Republicans essentially gives Americans a pay raise ? pumping money into the economy almost immediately and probably creating hundreds of thousands of jobs over the next two years, economists say.
Job openings rose in October
Dec 07, 2010 15:44 EST
WASHINGTON (Reuters) - Job openings rose in October from the prior month, government data showed on Tuesday, while the job openings rate increased.
Moody's worried U.S. tax cuts could become permanent
Dec 07, 2010 13:51 EST
NEW YORK (Reuters) - Moody's Investors Service is worried the extension of U.S. tax cuts agreed to by President Barack Obama and Republican leaders could become permanent, hurting U.S. finances and its credit ratings in the long run.
U.S. factory revenue to grow in 2011: ISM
Dec 07, 2010 12:06 EST
NEW YORK (Reuters) - The manufacturing and services sectors will grow in 2011, with manufacturing revenue expected to increase by 5.6 percent, the Institute for Supply Management said in a semi-annual forecast released on Tuesday.
BofA CEO says bank eager to raise dividend
Dec 07, 2010 10:48 EST
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> will raise its dividend as soon as possible next year if it passes the current Federal Reserve stress test, Chief Executive Brian Moynihan said on Tuesday.
European stocks jump as metal prices smash records
Dec 07, 2010 06:52 EST
European stock markets surged higher Tuesday, with Frankfurt hitting a 2.5 year-high and mining shares boosted by record metals prices, amid hopes of further stimulus measures for the US economy.
Asian shares mostly up but Tokyo hit by surging yen
Dec 07, 2010 04:57 EST
Asian markets were mostly higher Tuesday as dealers brushed off a report that China will hike interest rates soon, but Japanese shares sank as the yen surged against the dollar.
East Asian economies to grow 8.8pct in 2010: ADB
Dec 06, 2010 21:24 EST
The Asian Development Bank (ADB) said Tuesday that East Asia's emerging economies will grow 8.8 percent this year before slowing to 7.3 percent in 2011 amid concerns about the global economy.
U.S. economy still not on Easy Street
Dec 06, 2010 20:46 EST
NEW YORK (Reuters) - The U.S. economic recovery remains on shaky ground, well over a year after the recession officially ended, and two top strategists said on Monday they fear the economy could suffer a new blow next year.
GOP lawmakers want full debate on Fed nominee
Dec 06, 2010 19:07 EST
WASHINGTON (Reuters) - Federal Reserve nominee Peter Diamond's nomination was in peril on Monday as several Republican lawmakers said they continue to object to it and are demanding a full debate over it in the Senate.
Shoppers can't say no to deals: survey
Dec 06, 2010 16:41 EST
SAN FRANCISCO (Reuters) - The number of U.S. shoppers unable to resist buying "impulse" gifts for themselves or others is on the rise this season, due to the plethora of discounts and deals in stores.
Lacker says Fed policy risky, should be reviewed
Dec 06, 2010 15:27 EST
CHARLOTTE, North Carolina (Reuters) - The Federal Reserve's move to purchase an additional $600 billion in bonds carries risks and should be reviewed on a regular basis, Richmond Fed President Jeffrey Lacker said on Monday.
FTSE shares bounce back
Dec 06, 2010 12:06 EST
The London stock exchange rallied Monday as mining securities climbed on the back of hopes that the US Federal Reserve could be about to introduce fresh measures to boost the economy.
Will year-end tax loss selling impact gold and silver investors?
Dec 06, 2010 09:31 EST
Debt Reduction Commission has called for higher taxes to save economy. . What has been completely overlooked or not mentioned during this sizable run up in stock market profits, including the precious metals sector, is the imminent advent of tax loss selling.
Oil prices hit another two-year pinnacle
Dec 06, 2010 08:45 EST
World oil prices surged Monday to a new two-year peak, propelled by a raft of positive investor sentiment after the US Federal Reserve signalled more monetary easing could be on the way.
