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Finance Stories

Lacker: It’s Time for Fed to End Era of Zero Interest Rates

Federal Reserve Bank of Richmond President Jeffrey Lacker said it’s time for the central bank to end the era of record-low interest rates, now that the impacts from winter weather and energy prices have passed. The Richmond Fed president, who’s … Continue reading

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Futures hold lower after big jobs miss

U.S. stock index futures pointed to a sharply lower open on Friday as traders digested nonfarm payrolls-one of the most significant data releases of the summer for its implications on the timing of the first rate hike since 2006. Dow … Continue reading

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Payrolls Rose 173,000 in August as Jobless Rate Drops to 5.1%

Employers added 173,000 workers in August and the jobless rate dropped to 5.1 percent, a level that the Federal Reserve considers to be full employment. The gain in payrolls, while less than forecast, followed advances in July and June that … Continue reading

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Live: Jobs data; is the ‘force’ with consumers?; Cheap gas fueling holiday travel

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Wall Street wavers as traders brace for key jobs report

By Noel Randewich (Reuters) – U.S. stocks ended slightly higher on Thursday as investors, on edge after recent turmoil in China’s markets, looked toward a key U.S. jobs report that may figure in the Federal Reserve’s decision about when to … Continue reading

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This jobs number will guarantee a Fed rate hike

If it’s possible to create any more drama around the timing of a Federal Reserve interest-rate hike, Friday’s jobs report will do it. Odds are, the August employment report—the last before the mid-September meeting of the Fed’s policymaking committee—will include … Continue reading

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Why Netflix shouldn’t sweat Apple: Analyst

Concerns about Netflix (NASDAQ: NFLX)‘s situation have risen after the streaming giant lost several big-name movie titles and after rumors about a new Apple (NASDAQ: AAPL) TV model surfaced. But the company shouldn’t be overly concerned about Apple possibly doubling … Continue reading

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New iPhone details should excite fans, not investors

Apple (AAPL) is putting on one of its masterfully planned product unveilings next week, almost certainly focused on new iPhone models. But while Apple fans will get their fill of gorgeous phone photos and beguiling new phone features, Apple investors … Continue reading

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Debt Consolidation: Can it help you establish a debt-free future?

Today, most of the borrowers are finding it very difficult to pay back their unsecured credit card debts. It has been estimated that credit card debts are the largest unsecured loans held by borrowers, at present. When the interest on … Continue reading

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Ackman’s Pershing Square hedge fund drops 9.2 percent in August

By Svea Herbst-Bayliss and Richard Valdmanis BOSTON (Reuters) – Hedge fund mogul William Ackman, one of last year’s best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over … Continue reading

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