Economy News
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Durable goods orders point to factory resilience
WASHINGTON - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course.
Jobs, housing data show economy has some muscle
WASHINGTON - The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington. | Video
Fed officials stress no rush to exit, not on 'autopilot'
- The Federal Reserve will not hastily withdraw its policy stimulus for the economy, a senior central banker said on Thursday, while another stressed that it could adjust the pace of bond purchases both up or down according to the data.
Analysis: Markets face rough summer ride as Fed pullback feared
NEW YORK - For the past few months, the Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months.
Fed enters delicate new phase of communication
NEW YORK - Investors' hair-trigger reaction to Federal Reserve Chairman Ben Bernanke's testimony on Wednesday marks a delicate new policy phase for the U.S. central bank in which communication is paramount.
Fed's Williams: No 'autopilot' by Fed if tapering starts - Bloomberg
- The Federal Reserve will maintain policy flexibility and respond to incoming economic data that theoretically could cause it to initially taper its pace of bond purchases and then adjust the purchases higher, the president of the San Francisco Fed, John Williams, said in an interview published by Bloomberg News on Thursday.
Obama nominates Senate aides to serve as SEC commissioners
WASHINGTON - President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the agency tasked with policing Wall Street.
Foreign central banks' U.S. debt holdings fall: Fed
NEW YORK - Foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve fell in the latest week, data from the central bank showed on Thursday.
Factory activity slips to seven-month low in May: Markit
NEW YORK - Manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector's most sluggish rate of growth since October, a survey showed on Thursday.
Fed balance sheet expands in latest week
NEW YORK - The Federal Reserve's balance sheet expanded in the latest week on higher holdings of Treasuries and mortgage-backed securities, Fed data released on Thursday showed.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,303.10 |  +8.60 |
+0.06% |
| S&P 500 | 1,649.60 |  -0.91 |
-0.06% |
| NASDAQ | 3,459.14 | -0.27 |
-0.01% |
| TR US Index | 149.51 | -0.14 |
-0.09% |
Sector Summary
| Energy | -0.39% |
| Basic Materials | -0.25% |
| Industrials | +0.03% |
| Cyclical Goods & Services | +0.06% |
| Non-Cyclical Goods & Services | +0.69% |
| Financials | -0.07% |
| Healthcare | +0.03% |
| Technology | -0.06% |
| Telecoms | -0.14% |
| Utilities | -0.23% |
Central bankers everywhere after Bernanke warning
Federal Reserve chairman puts cat among the pigeons.
UPDATE 1-Ex-Virginia bank executives guilty in financial crisis case
May 24 - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the bank's collapse in 2011.
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