So what will it take for the Federal Reserve to finally raise interest rates? The U.S. economy is now in its seventh straight year of expansion. It’s growing at a steady if unexciting 2.2 percent annual …
U.S. stocks were more or less unchanged in midday trading Thursday as investors remained on the sidelines until the Federal Reserve’s announcement this afternoon. Policymakers are considering whether or …
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“If the Fed raise rates a little bit, it will have an impact all over the world, particularly in emerging markets,” David Rubenstein said.
The number of Americans filing new applications for unemployment benefits fell last week to the lowest level in eight weeks, suggesting the labor market continued to strengthen despite the recent tightening in financial market conditions.
Amazon.com Inc introduced on Thursday a $49.99 tablet, a price tag analysts said was low enough to set it apart in a crowded market and draw more customers to its online services. The new Fire tablet, one of several new and upgraded devices launched by Amazon, comes with a 7-inch (17 cm) wide screen and a front and back camera. “There’s one part of the tablet (market) that’s growing right
Facebook Inc said it would launch a service that will let advertisers pay for ads only when they are scrolled through from top to bottom on its news feed. The new service, called “100 percent in-view impressions”, will include text, photo, link and video ads, the company said in a blog post on Thursday. Facebook also said it was partnering with Moat, an ad analytics company, which would verify video
General Motors Co (GM.N) agreed to pay $900 million and admit to misleading the government and the public about the safety of its vehicles to end a U.S. criminal investigation into its handling of defective ignition switches linked to 124 deaths. The settlement and charges, which were detailed in papers filed on Thursday in Manhattan federal court, have transformed the relationship between the automaker and the U.S. government, which had
As it does once each quarter, the Federal Reserve will deliver a triple-dose of news Thursday afternoon — a policy statement, economic forecasts and a news conference by Chair Janet Yellen. But all eyes …
The number of Americans filing new applications for unemployment benefits fell last week to the lowest level in eight weeks, suggesting the labor market continued to strengthen despite the recent tightening in financial market conditions. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 264,000 for the week ended Sept. 12, the Labor Department said on Thursday. It was the 28th straight week that claims remained below
