Economy News
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Inflation data points to firming economy
WASHINGTON - A gauge of underlying inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want firmer prices.
Housing starts miss expectations, but overall tone upbeat
WASHINGTON - Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.
Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed
WASHINGTON - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned.
More investors hold bullish U.S. bond bets before FOMC: survey
NEW YORK - More investors raised their positions in longer-dated U.S. Treasuries holdings in the latest week in advance of the Federal Reserve's two-day policy meeting, according to a survey released on Tuesday.
Confidence of homebuilders jumps as recovery deepens
NEW YORK - Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction. | Video
NY manufacturing growth picks up in June, details weak
NEW YORK - Growth in the New York state manufacturing sector picked back up in June, but the details were less encouraging as new orders and employment fell to their lowest levels in five months, a report from the New York Federal Reserve showed on Monday.
Analysis: Fed-induced selloff has investors hunting for bargains
By Luciana Lopez, Sam Forgione and Gertrude Chavez-Dreyfuss
IMF urges repeal of 'ill-designed' U.S. cuts
WASHINGTON - The International Monetary Fund urged the United States on Friday to repeal sweeping government spending cuts and recommended that the Federal Reserve continue a bond-buying program through at least the end of the year. | Video
Consumer and factory data signal steady economy
WASHINGTON - Consumer sentiment edged off a six-year high in June while manufacturing output picked up a bit last month after two straight months of declines, suggesting the economy remains on a moderate growth path.
Consumer sentiment slips in June
NEW YORK - Consumer sentiment retreated this month after reaching its highest in nearly six years in May, a survey released on Friday showed, as household optimism about employment and housing faded slightly.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,318.23 |  +138.38 |
+0.91% |
| S&P 500 | 1,651.81 | +12.77 |
+0.78% |
| NASDAQ | 3,482.18 | +30.05 |
+0.87% |
| TR US Index | 149.80 | +1.16 |
+0.78% |
Sector Summary
| Energy | +0.48% |
| Basic Materials |  -0.12% |
| Industrials | +0.57% |
| Cyclical Goods & Services | +0.61% |
| Non-Cyclical Goods & Services | +0.09% |
| Financials | +0.60% |
| Healthcare | +0.35% |
| Technology | +0.65% |
| Telecoms | +0.59% |
| Utilities | +0.66% |
U.S. job market still in need of a jolt
U.S. hiring remains anemic despite recent improvement in overall labor market conditions.
UPDATE 3-Icahn seeks Dell share buyback, buys Southeastern stock
June 18 - Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
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