Economy News
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Consumer sentiment at 4-year high in early May
WASHINGTON/NEW YORK - U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans were upbeat about the job market and buying plans improved, a survey showed on Friday, offering an encouraging sign for the economic recovery. | Video
Analysis: Beleaguered beef purveyors carve out "pink slime" stain
WESTERN SPRINGS, Illinois - Behind the glass meat counter at Casey's Market in a Chicago suburb, the butchers pick up their blades and carry on a generations-old tradition.
Producer prices drop, giving Fed more space
WASHINGTON - Producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken.
Fed's Fisher: Texas banks "best run" in nation
FORT WORTH, Texas - Banks in the Lone Star State have been more profitable than those in the rest of the United States for the past five years, Dallas Federal Reserve Bank President Richard Fisher, a leading critic of the nation's biggest banks, said on Friday.
Economists see brighter labor market -survey
NEW YORK - Economists expect the U.S. unemployment rate to average 8.1 percent this year, and to fall to 7.7 percent next year, according to a survey released on Friday showing Wall Street's view of the labor market has brightened.
Bernanke warns lawmakers on looming fiscal risks
WASHINGTON - Federal Reserve Chairman Ben Bernanke reminded lawmakers at a closed-door meeting on Thursday that failing to address automatic spending cuts and tax increases at the end of the year could damage an already fragile economic recovery, congressional aides said.
U.S. logs first monthly budget surplus in 42 months
WASHINGTON - The United States posted a budget surplus for the first time in 42 months in April on a rise in tax receipts and a drop in government spending, although it partly reflected a shifting of some payments to other months.
Obama: Europe should have followed U.S. economic lead
SEATTLE - President Barack Obama said on Thursday that Europe was still in a difficult place economically in part because it did not take some of the steps the United States did.
Fed buys $6.8 billion mortgage bonds, sells none
NEW YORK - The Federal Reserve bought $6.8 billion in agency mortgage-backed securities from May 3 to May 9, down slightly from the $7.0 billion it bought in the prior week, the New York Federal Reserve said on Thursday.
Drop in jobless claims eases labor market fears
WASHINGTON - The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after surprisingly weak employment growth in April. | Video
Markets
- U.S.
- Europe
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- Sectors
| DOW | 12,820.60 |  -34.44 |
-0.27% |
| S&P; 500 | 1,353.39 | -4.60 |
-0.34% |
| NASDAQ | 2,933.82 |  +0.18 |
+0.01% |
| TR US Index | 122.94 | -0.36 |
-0.29% |
Sector Summary
| Energy | -0.76% |
| Basic Materials | -1.29% |
| Industrials | -0.38% |
| Cyclical Goods & Services | -0.50% |
| Non-Cyclical Goods & Services | -0.50% |
| Financials | -0.61% |
| Healthcare | -0.51% |
| Technology | -0.12% |
| Telecoms | -0.42% |
| Utilities | -0.33% |
Greek tragedy
Greek president is trying to persuade party leaders to form a unity government ... without success.
Buying individual bonds
Guest columnist Andrew Wels, head of retail fixed income at E*Trade, writes about the advantage of buying individual bonds and "laddering" them.
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