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.
NEW YORK, NY - DECEMBER 02: People carry shopping bags along Broadway on December 2, 2013 in New York City. According to the National Retail Federation, retail spending over the Thanksgiving weekend fell for the first time in at least seven years.
The mayor of Los Angeles made the proposal following a 12-day tour of Asian countries. Los Angeles Mayor Eric Garcetti will invite leaders of Chinese and American cities to a summit in his city next year in an attempt to tackle the problem of greenhouse gas ...
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.