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Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time. It was another milestone in the market’s epic ascent of 2013. Good...
Tags: Germany, DirecTV Group Inc., Central Bank, Warren Buffett, DAX
After weeks of conflicting signals about the strength of the economy, a big gain in the jobs market gave Wall Street reason to celebrate Friday. The stock market surged, traders donned party hats, and the wave of buying drove three indexes through major...
Economist Paul Krugman has questioned whether the economic malaise of the last five years could correctly be labeled as “the Excel Depression.” The short version of this theory is that a spreadsheet coding error led a couple of respected...
Dow surges to record ... and keeps going AP Photo NYML110, NYML105, NYML107, NYML108 Eds: Updates throughout. With AP Photos. By STEVE ROTHWELL AP Business Writer NEW YORK (AP) — The Dow closed at an all-time high Tuesday, beating the previous...
The Dow came within 100 points of its all-time high Wednesday after rising sharply for a second straight day. The market surged following more evidence that the Fed will keep interest rates low, housing will keep recovering and shoppers aren’t...
Associated PressPresident Barack Obama faces a new urgent task now that he has a second term, working with a status-quo Congress to address an impending financial crisis that economists say could send the country back into recession. “You made your voice heard,&...
Associated PressTwo major airports reopened and the New York Stock Exchange got back to business Wednesday, while across the river in New Jersey, National Guardsmen rushed to feed and rescue flood victims two days after Superstorm Sandy struck. For the first time...
The Federal Reserve unleashed a series of bold and open-ended steps Thursday to stimulate the economy by making it cheaper for consumers and businesses to borrow and spend. The Fed said it will spend $40 billion a month to buy mortgage bonds for as...
Tags: Career and Workplace, Sales, Federal Reserve, Prices, Employment
AP Business WritersThe last time the stock market was this high, the Great Recession was just getting started and stocks were pointed toward a head-first descent. But on Thursday, the market moved swiftly in the other direction. The Standard & Poor’s 500 index soared...
Tags: Italy, European Central Bank, Central Bank, Europe, DAX
It took more than 600 pages for author William D. Cohan to disclose the origin and development of what became Goldman Sachs, a financial giant which once had an office on Wall Street. There is much to be learned about investment and banking from Cohan&...
Moody’s Investors Service lowered the credit ratings of 15 the world’s largest banks late Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking....
Speculation that governments in the U.S. and Europe will act to help their economies sent stocks surging to their best day this year. Atlanta Federal Reserve President Dennis Lockhart said in a speech that weak job growth over the past two months...
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