WASHINGTON - As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be "patient" in raising interest rates from record lows.
(Bloomberg) -- The Obama administration proposed opening to offshore drilling an area from Virginia to Georgia in a policy shift sought by energy companies but opposed by environmentalists worried about resorts such as the Outer Banks or Myrtle Beach.
SINGAPORE - Singapore's central bank eased its monetary policy on Wednesday, becoming the latest central bank to use policy tools to help shore up growth against a backdrop of global economic turbulence.
NEW YORK (MarketWatch) - U.S. stocks recorded their biggest decline in three weeks on Tuesday, following a surprise drop in durable-goods orders and disappointing earnings from Microsoft Corp.
A slew of economic reports Tuesday highlighted the growing confidence of consumers and the emerging concerns of businesses. Consumer confidence surged to a more than seven-year high in January as gasoline prices continued to tumble and job growth ...