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 Money

  • May 18, 2013 @ 12:53 pm

    Bernanke forecasts gains from computer technology

    Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.  Continue reading >
  • May 17, 2013 @ 3:18 pm

    Buybacks are a big factor behind stock market boom

    It's the narcissist rally.  Continue reading >
  • May 17, 2013 @ 2:47 pm

    Bank of Montreal ordered to fix oversight lapses

    Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering.  Continue reading >

  • May 17, 2013 @ 2:40 pm

    Stocks rise on hopeful signs for the US economy

    Encouraging news about the U.S. economy extended the stock market's rally Friday.  Continue reading >
  • May 17, 2013 @ 2:35 pm

    US Treasury bond market at a glance

    Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested: Prices Today Previous Session 10-year note _62.5 cents +46.9 cents 30-year bond _$1.28 +$1.09 Yields --- --- 1-month bill 0.04 0.00 3-month bill 0.03 0.03 6-month bill 0.07 0.07 2-year note 0.25 0.24 5-year note 0.83 0.79 10-year note 1.95 1.88 30-year bond 3.17 3.10 Inflation note 0.00 0.00 Federal Funds 0.11 0.12 Municipal Bonds (1) 4.11 4.10 ___ 1. Bond Buyer index of 40 actively traded municipal bonds.  Continue reading >
  • May 17, 2013 @ 1:56 pm

    News Summary: Stocks gain for fourth straight week

    THE FUTURE IS BRIGHT: Positive reports on leading economic indicators and consumer confidence gave the stock market a boost on Friday, helping stocks to their fourth consecutive week of gains.  Continue reading >
  • May 17, 2013 @ 1:51 pm

    Pew survey questions Gen X, baby boomer savings

    A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.  Continue reading >

  • May 17, 2013 @ 1:50 pm

    GM stock rises above $33 for first time in 2 years

    Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.  Continue reading >
  • May 17, 2013 @ 1:49 pm

    Figures on government spending and debt

    Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit May 16 16,696,865 Statutory debt limit N/A Total public debt outstanding May 16 16,734,809 Operating balance May 16 35,791 Interest fiscal year 2013 through April 147,814 Interest same period 2012 145,702 Deficit fiscal year 2013 through April 487,594 Deficit same period 2012 719,859 Receipts fiscal year 2013 through April 1,603,334 Receipts same period 2012 1,383,192 Outlays fiscal year 2013 through April 2,090,928 Outlays same period through April 2,103,050 Gold assets in May 11,041 Note: The statutory debt limit is temporarily suspended until May 19, 2013.  Continue reading >

  • May 17, 2013 @ 1:48 pm

    Stocks rise on hopeful signs for the US economy

    Encouraging news about the U.S. economy is extending the stock market's rally.  Continue reading >
  • May 17, 2013 @ 1:41 pm

    How the Dow Jones industrial average fared Friday

    Encouraging news about the U.S. economy pushed stock prices higher on Wall Street Friday. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is steadily recovering. The Dow Jones industrial average and the Standard & Poor's 500 index ended higher for a fourth straight week.  Continue reading >
  • May 17, 2013 @ 1:30 pm

    Bill clears House for wider SEC economic analyses

    Legislation cleared the House on Friday that would place stricter requirements on the federal agency overseeing Wall Street to assess the costs and benefits of its regulations before they are issued.  Continue reading >
  • May 17, 2013 @ 1:19 pm

    Groups divided on Bangladesh safety overhauls

    The nation's largest retail industry organization fired back Friday, outlining reasons why a legally binding global pact to make Bangladesh clothing factories safer would expose merchants to undue legal exposure. The move came as U.S. retailers face increasing pressure from a large coalition of religious groups and investors to work together to develop a plan.  Continue reading >

  • May 17, 2013 @ 1:06 pm

    Stocks rise on hopeful signs for the US economy

    Encouraging news about the U.S. economy is extending the stock market's rally.  Continue reading >
  • May 17, 2013 @ 1:05 pm

    Transocean shareholders oust chairman

    Transocean Ltd. shareholders have voted out the oil drilling company's chairman and backed one of Carl Icahn's director nominees.  Continue reading >

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