Result Page 5 for Staff Reporter

Articles by Staff Reporter

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Crude rout hits stocks; safe-haven assets sought

The relentless slide in oil prices pressured energy stocks and currencies exposed to crude exports on Friday, while dousing the appetite for riskier assets and encouraging investors to seek safety in core government bonds.

Dec 12, 2014 2:10 PM EST

After years of doubts, Americans turn more bullish on economy

Pessimism and doubt have dominated how Americans see the economy for many years. Now, in a hopeful sign for the economic outlook, confidence is suddenly perking up.

Dec 12, 2014 2:08 PM EST

Pacific trade pact chances 'significantly' better than 50-50: Obama

Chances that U.S. negotiators can bring home a strong trade deal with Asia-Pacific countries are now much better than 50-50, U.S. President Barack Obama said on Thursday.

Dec 11, 2014 3:10 PM EST

Dollar, stocks rebound on strong U.S. data

The dollar and global equity markets rebounded Thursday after three days of declines, spurred by strong U.S. retail sales and declining jobless claims that signaled the U.S. economy could weather weak oil prices and a likely interest rate hike next year.

Dec 11, 2014 3:06 PM EST

Solid U.S. retail sales point to firming economic recovery

Jack Reed can see the recovery taking hold at his family's 109-year-old clothing store in Tupelo, Mississippi, with sales buoyed in part by the paychecks tied to a Toyota plant up the road and rising confidence that the jobs are here to stay.

Dec 11, 2014 3:03 PM EST

Wall Street jumps more than 1 percent on data after three-day slump

U.S. stocks bounced back on Thursday, with all three major indexes surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending.

Dec 11, 2014 3:01 PM EST

Fed's debate shifts from lift-off to long march to normal

For the Federal Reserve, deciding when to raise rates for the first time in nearly a decade has become the easy part.

Dec 11, 2014 2:59 PM EST

Stronger economy helps trim U.S. budget deficit

The U.S. federal budget deficit narrowed in November, helped by a strengthening economy that boosted tax receipts during the month, Treasury Department data showed on Wednesday.

Dec 10, 2014 3:39 PM EST

You may already be too late for hottest holiday toys

If you still have Disney's Frozen Castle and Ice Palace Playset on your holiday gift list this year, you may already be out of luck.

Dec 10, 2014 3:37 PM EST

Shares fall on oil's five-year low; dollar slides

Oil prices slumped to five-year lows on Wednesday and U.S. and European equity markets fell as investors worried about the Greek and Chinese economies withdrew from riskier positions and bought Japanese yen, which rose against the U.S. dollar.

Dec 10, 2014 3:26 PM EST

U.S. third-quarter growth likely to be revised higher on services data

U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.

Dec 10, 2014 3:24 PM EST

Shares fall on oil drop, Greek political turmoil

Investors sold equities worldwide on Tuesday after China's market posted its worst day in five years and oil prices fell to levels not seen since 2009.

Dec 09, 2014 3:23 PM EST

Canceling a hotel reservation last-minute could cost you

When it comes to changing hotel reservations, the concept of 'last-minute' is about to get a bit longer.

Dec 09, 2014 3:20 PM EST

Abercrombie CEO Jeffries steps down as company seeks new look

Abercrombie & Fitch Co (ANF.N) Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm.

Dec 09, 2014 3:18 PM EST

ECB's Praet says would have cut interest rates at last meeting if possible

The European Central Bank would probably have cut interest rates at its last meeting if they had not already been at the zero limit, European Central Bank chief economist Peter Praet said on Tuesday.

Dec 09, 2014 3:16 PM EST

Dow, S&P 500 edge down on global worries; Nasdaq climbs

The Dow and S&P 500 fell on Tuesday following concerns about global weakness and political turmoil, while the Nasdaq edged higher along with tech shares and energy.

Dec 09, 2014 3:13 PM EST

U.S., European stocks fall; oil hits five-year low

U.S. and European stocks fell on Monday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015.

Dec 08, 2014 4:22 PM EST

Behind the holiday trend of self-gifting

Jill Bascou looked like a typical holiday gift shopper standing in line on Thanksgiving Day shortly after the Target in Marlton, New Jersey opened at 6 p.m.

Dec 08, 2014 4:20 PM EST

BoE's Weale: signs recovery will boost productivity 'tenuous'

Signs that Britain's economic upturn will soon end years of poor productivity growth are tenuous at best, which could mean interest rates will need to rise, Bank of England policymaker Martin Weale said on Monday.

Dec 08, 2014 4:16 PM EST

Operator of Bitcoin stock exchange penalized by U.S. SEC

U.S. securities regulators on Monday ordered the operator of a stock exchange, which allowed clients to use Bitcoin to trade in certain securities, to pay $68,000 to resolve claims that he did not register the exchanges.

Dec 08, 2014 4:12 PM EST

Texas governor-elect seeks federal funds to cover immigration costs

Texas has asked the White House for hundreds of millions of dollars illegal immigration has cost the state, Governor-elect Greg Abbott said on Monday, blaming President Barack Obama for not doing enough to secure the border.

Dec 08, 2014 4:10 PM EST

U.S. factory orders fall for third straight month

New orders for U.S. factory goods fell for a third straight month in October, pointing to a slowdown in manufacturing activity.

Dec 05, 2014 12:01 PM EST

JPMorgan's Dimon says 'no evidence of cancer'

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said medical tests showed "no evidence of cancer in my body," according to an internal memo seen by Reuters.

Dec 05, 2014 11:59 AM EST

Financials lead Wall St higher; utilities lag

Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than previously thought.

Dec 05, 2014 11:57 AM EST

Dollar, stocks climb as U.S. jobs beat forecast

A surprisingly strong U.S. jobs report lifted the dollar to a five-and-a-half year high against a basket of currencies on Friday, while stocks climbed, led by financial shares.

Dec 05, 2014 11:52 AM EST

Bullish U.S. employment report puts Fed under spotlight

U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.

Dec 05, 2014 11:50 AM EST

Wall Street flat, on tenterhooks over ECB action

U.S. stocks were little changed on Thursday, bouncing from initial losses after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action, saying the issue would be addressed early next year.

Dec 04, 2014 4:00 PM EST

Draghi says will not allow dissenters to block possible ECB action

The European Central Bank will decide early next year whether to take further action to revive the euro zone's economy, its president said on Thursday, signalling that he would not allow opposition from Germany or anyone else to stop it.

Dec 04, 2014 3:58 PM EST

Euro jumps, bonds sag as ECB puts off stimulus decision

The euro rebounded and European bond yields bounced off record lows on Thursday after the European Central Bank put off until next year a decision on whether to increase economic stimulus, suggesting interest rates won't be pushed lower.

Dec 04, 2014 3:56 PM EST

U.S. SEC's Stein says Bank of America waiver policy is 'breakthrough'

A top U.S. regulator praised the structure of a regulatory waiver granted last month to Bank of America Corp (BAC.N), saying the tougher conditions imposed on the bank may help deter repeat offenses.

Dec 04, 2014 3:54 PM EST

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