WASHINGTON - U.S. job growth rose more than expected in February, which could ease fears of an abrupt slowdown in economic growth and keep the Federal Reserve on track in reducing its monetary stimulus.
Recent Business News
FRANKFURT - Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone financial system.
- Safeway Inc , the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
- Detroit said in a court filing on Thursday it had reached an agreement with Barclays PLC for a $120 million loan that would allow it to invest in services and speed its path out of bankruptcy.
TEMPLE CITY, California - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press.
The FT's Michael Mackenzie reports that the amount of money borrowed on margin to buy stocks on the NYSE hit a new, nominal high of $451 billion. That's up 20% over last year, Mackenzie reports.
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves
- Is the US labor market doing better than we think?
- US sees moderate manufacturing growth in January