Stocks soared a day after the Federal Reserve's holiday gift to investors. The Dow Jones industrial average soared 420 points on Thursday, or 2.4 percent, to close at 17,778, its biggest gain of the year.
The number of Americans applying for unemployment benefits for the first time declined last week and stayed near 14-year lows. This is a strong and current indicator that the labor-market is improving.
Dec. 18 (Bloomberg) -- Bloomberg's Peter Cook reports on Fed policy and Fed Chair Janet Yellen's press conference. Cook speaks on �In The Loop.
MOSCOW - Sternly warning the West it cannot defang the metaphorical Russian bear, a confident-looking President Vladimir Putin promised Thursday to shore up the plummeting ruble and revive the economy within two years.
The shale oil boom has been a blessing to Texas, making the state an economic standout during the past few years of ho-hum U.S. growth.