WASHINGTON/SAN FRANCISCO Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on ...
WASHINGTON U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth.
The grandmas are getting restless -- along with all investors who would like to stash some money on the sidelines for safety, but suddenly realize that cash earns no interest!
... * Interbank market stress spikes after years of calm. * Some in markets draw parallels with run-up to 2008 crisis. * Stress indicators far below 2008 and 2011 crisis levels.
The Dow closed with a loss of 13 points, but that masks wild swings throughout the day. The index opened down 146 points before rebounding and trading up 110 points at its peak.