Fed's Yellen cites global risks but says U.S. should motor through

WASHINGTON Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen said on Wednesday in prepared testimony to Congress.

Recent Business News

Twitter results need to wow to reassure investors

When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery.

Tech, Twitter 7:09am EST

Carlyle unveils $200 million share buyback, fourth-quarter earnings miss forecast

NEW YORK Private equity firm Carlyle Group LP unveiled a $200 million share buyback plan on Wednesday as it posted weaker-than-expected fourth-quarter earnings amid volatile financial markets.

9:47am EST

In an uncertain world, Bank of England 'agents' keep Carney informed

REIGATE, England Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain's economy: the word on the street from a trusted band of regional agents.

9:18am EST

Audi, BMW sell fewer luxury cars than Mercedes

BERLIN Germany's Audi and BMW sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles (SUV).

7:50am EST

Credit Suisse CEO says bank has a strong balance sheet: FT

ZURICH Credit Suisse Chief Executive Tidjane Thiam told the Financial Times the Swiss bank's capital position has never been better.

5:33am EST


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