WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus.
The U.S. poverty rate has decreased for the first time since 2006, according to U.S. Census figures released Tuesday. Children's poverty also declined, while median household income barely changed between 2012 and 2013.
WASHINGTON >> The Social Security Administration has resumed mailing statements to workers letting them know the estimated benefits they will get when they retire, the agency announced Tuesday.
Sony, the ailing Japanese consumer electronics company that has been in almost constant restructuring in recent years, on Wednesday warned that its expected annual net loss will be nearly five times as big as initially predicted at Y230bn ($2.14bn).
Chinese investors are very keen on the Alibaba IPO, and the Hong Kong stock market seems to be suffering as a result. Reuters. Alibaba founder Jack Ma.