Ben Bernanke Stories
A list of the most recent stories about Ben Bernanke.
Asia stock markets edge up after big sell-off
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, bounced back a sizeable 2.8 percent to 14,892.57. South Korea's ...
FINANCIAL BILLS ARE BEING WRITTEN IN THE VOICE OF BANK LOBBYISTS
c.2013 New York Times News Service WASHINGTON — In a sign of Wall Street’s resurgent influence in Washington, bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial ...
Why worry? Less aid by Fed would point to recovery
Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. Yet almost lost in the anxiety that gripped the stock market this week is that whenever the Fed slows its drive to keep interest rates low, it will ...
FED FEARS SHAKE GLOBAL MARKETS BUT FADE AT WALL STREET
c.2013 New York Times News Service Investors are contemplating a future without support from one of the biggest engines of the global economy in recent years: the U.S. Federal Reserve. Fears that the Fed is about to reduce its stimulus helped send stock, bond and currency prices on a wild ...
WALL STREET RECOVERS AFTER WORLDWIDE SLUMP
c.2013 New York Times News Service Stock prices around the world were volatile Thursday, with Wall Street hovering between positive and negative territory before finishing down slightly, after global investors were rattled by signs of a slowdown in Chinese manufacturing and a potential easing of central bank support for the ...
Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. He's getting no significant uptick in approval from gains in housing, jobs and the stock market. Likewise, he has so far seen no downtick from the recent storms over ...
US new home sales up 2.3 percent in April
U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening. New-home sales increased 2.3 percent in April from March to a seasonally adjusted annual rate of 454,000, ...
WALL ST. OPENS LOWER AFTER WORLDWIDE SLUMP
c.2013 New York Times News Service Following market declines around the world, Wall Street opened lower Thursday after investors were rattled by signs of a slowdown in Chinese manufacturing and a potential easing of central bank support for the economy. The worst drop in share prices was seen in Tokyo, ...
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. The less volatile four-week average ticked down just 500 to 339,500, the Labor Department said Thursday. That's close to the five-year low of 338,000 reached during ...
US unemployment aid applications fall to 340K
The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. Applications for unemployment aid declined to a seasonally adjusted 340,000 in the week ending May 18, the Labor Department said Thursday. That's down from 363,000 the ...
Oil down to near $93 on Chinese recovery concerns
The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. By early afternoon in Europe, benchmark oil for July ...
Asia stocks down as China factory output slips
Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is slowing. HSBC Corp. said its preliminary Purchasing Managers Index fell to a seven-month low of 49.6 in May from April's 50.4. Numbers below ...
Stocks fall on news Fed weighed cutting stimulus
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon. Prices surged on congressional testimony by Fed Chairman Ben Bernanke early in the day that suggested the central bank would not slow its massive economic stimulus ...
Business Highlights
___ Median CEO pay rises to $9.7 million in 2012 NEW YORK (AP) — CEO pay has been going in one direction for the past three years: up. The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that ...
A divided Fed wrestles with when to slow bond buys
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy. Its uncertainty burst into view Wednesday, when Chairman Ben Bernanke testified to Congress in the morning and the Fed in the afternoon released the minutes of its last policy meeting. Stock prices gyrated through ...
FED STIMULUS STILL NEEDED TO HELP RECOVERY, BERNANKE SAYS
c.2013 New York Times News Service WASHINGTON — Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery, the Fed chairman, Ben S. Bernanke, told Congress on Wednesday. While acknowledging the risks of historically low interest rates and the ...
Gold slips on speculation will Fed cut stimulus
Gold prices sank Wednesday as traders weighed the possibility that the Federal Reserve will start paring back its support for the economy in the coming months. Gold for June delivery fell $10.20 to settle at $1,367.40 an ounce, a drop of 0.7 percent. Prices for the precious metal wavered earlier ...
Oil falls near $94 on small drop in supplies
The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak. Benchmark crude for July delivery declined $1.90 to close at $94.28 a barrel on the New York Mercantile Exchange. The Energy Department said U.S. crude ...
Fed weighed slowing its pace of bond purchases
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains. Minutes of the Fed's April 30-May 1 ...
Bernanke signals Fed to maintain stimulus efforts
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs. Reducing the Fed's efforts to keep borrowing rates low would "carry a substantial risk of slowing or ending the economic recovery," ...
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