Two major central banks moved Friday to pump up flagging global growth, sending stock markets soaring but raising new questions about the limitations of a seven-year effort to use monetary policy to address economic problems.
Shoppers usually wait for this time of the year to get the best deals and bargains from their favorite retailers. Black Friday is just round the corner- less than a week left for it now, and buyers are flooded with offers and ads making it difficult for them to choose ...
Bond investors who sold Alibaba Group Holding Ltd. (BABA)'s new long-term debt deal earned about $11.5 million in gains with most of the increase coming from the longest-dated securities.
A completely listless stock market received a boost from the Bank of China and the European Central Bank announcements that helped to end the week on a higher note.
Early on Friday, China's central bank made its first interest rate cut in more than two years and the European Central Bank took action to stimulate the economy.