Just when you thought it was safe…
(ECONOMIST). Even by the standards of European policymaking, the past week has been a disaster. In the early hours of March 16th, nine months after Cyprus first requested a bail-out, euro-zone financ...
Stocks decline on worries over Cyprus bailout
STEVE ROTHWELL,AP Business Writer
NEW YORK (AP) — Stocks fell on Wall Street Tuesday as investors fretted about the latest chapter in Europe's debt saga.
The Dow Jones industrial average was d...
Survey finds US competitive ranking down again
- Pan Pylas - The Associated Press
- •
- September 05, 2012
LONDON (AP) — The United States' ability to compete on the global stage has fallen for the fourth year running as confidence in the country's politicians continues to decline, an annual survey from th...
JPMorgan CEO to testify on $2B-plus trading loss
- MARCY GORDON, AP Business Writer
- •
- June 13, 2012
WASHINGTON (AP) — JPMorgan Chase CEO Jamie Dimon arrived to testify before Congress on Wednesday about how the largest U.S. bank lost more than $2 billion on risky trades and whether its executives fa...
US economic outlook worsens after jobs report
- Christopher S. Rugaber - The Associated Press
- •
- June 05, 2012
WASHINGTON (AP) — The faltering U.S. job market has prompted economists to take a much dimmer view of the country's growth prospects. That's a shift from just a few weeks ago, when many were upgrading...
US hiring likely modest for 3rd straight month
- Christopher S. Rugaber - The Associated Press
- •
- June 01, 2012
WASHINGTON (AP) — U.S. companies likely hired at a modest pace in May for the third straight month, underscoring the slow but steady nature of the recovery. The number being released Friday morning ha...
U.S. Seeks Action on Europe Crisis
By SUDEEP REDDY
WASHINGTON. (Wall Street Joiurnal). —The Obama administration dispatched one of its top economic officials to Europe on Tuesday to press officials in Greece, Spain, France and Germa...
A black mark for survivor of financial crisis
PALLAVI GOGOI,AP Business Writer
NEW YORK (AP) — The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days.
In the 1980s and 1990s, he was th...
J.P. Morgan's $2 Billion Blunder
NEW YORK. (Wall Street Journal). A massive trading bet boomeranged on J.P. Morgan Chase JPM +0.25% & Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dim...
Strong US earnings boost markets
- Pan Pylas - The Associated Press
- •
- April 25, 2012
LONDON (AP) — Global stocks rose Wednesday after earnings from Apple Inc. and other U.S. companies easily beat expectations, providing a distraction from the economic and political turbulence in Europ...
S&P Downgrades Top US Banks' Credit Ratings
- The Associated Press
- •
- November 29, 2011
by EILEEN AJ CONNELLY,AP Business Writer
NEW YORK (AP) — Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including the bi...
Buffett: European Concerns, US Housing Woes lLnger
- The Associated Press
- •
- November 14, 2011
OMAHA, Nebraska (AP) — Billionaire investor Warren Buffett says Europe's debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are ...
Geithner: European Crisis Could Hurt Us Economy
- Martin Crutsinger - The Associated Press
- •
- October 07, 2011
WASHINGTON (AP) — The Obama administration is urging European leaders to deal more forcefully with a debt crisis that could significantly damage the U.S. and global economy.
Treasury Secretary Timo...
Bernanke Warns Recovery 'Close to Faltering'
- Christopher S. Rugaber - The Associated Press
- •
- October 05, 2011
WASHINGTON (AP) — Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue.
...
US Stock Futures Plunge as Fed Prepares for Slump
- Francesca Levy - The Associated Press
- •
- September 22, 2011
NEW YORK (AP) — Stock futures plummeted Thursday after the Federal Reserve indicated that the U.S. economic slump could last for years.
On Wednesday afternoon, the Fed announced a portfolio rebalan...
Greece's Debt Crisis Impacts Chicago
June 29, 2011 (CHICAGO) (WLS) -- Chicago is 5,400 miles from Athens but the financial chaos in Greece is stinging City Hall.
City leaders haven't sent out any press releases, but Chicago currently ...
Europe Debt Crisis Shadows Fed Meeting on Economy
- Martin Crutsinger - The Associated Press
- •
- June 20, 2011
WASHINGTON (AP) — If the U.S. economic slowdown weren't enough to deal with, the Federal Reserve this week must consider a new threat: a resurgent European debt crisis that could imperil the global ec...
Greece Poses $41 Billion Risk to U.S. Banks
- Matt Andrejczak - MarketWatch
- •
- June 16, 2011
SAN FRANCISCO (MarketWatch) — While fears stirred by Greece’s deepening debt crisis raced Wednesday through global financial markets, a quick check of U.S. banks showed they risk losses on tens of bil...
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