U.S. National Economy

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Wall Street

AP News 3 hours ago

A trader watches a TV screen on the floor of the New York Stock Exchange in New York, Tuesday, March 16, 2010. Stocks held on to modest gains Tuesday after the Federal Reserve gave a mildly more upbeat view of the economy. ...

Stock futures in narrow range ahead of opening

AP News 3 hours ago

Stock futures trading in narrow range ahead of unemployment, inflation reports Stock futures are trading in a narrow range, a day after the Dow Jones industrial average rose to its highest level of the year. Investors are heading into Thursday trading tentatively ...

SEC boss: Agency examining companies

AP Features 14 hours ago

The head of the Securities and Exchange Commission confirmed Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008. SEC Chairman Mary Schapiro said "it would be safe to assume" that the agency is ...

Fed defends watchdog role

AFP American Edition 15 hours ago

Federal Reserve chairman Ben Bernanke called for his central bank to keep broad regulatory powers Wednesday, amid a fierce debate about how to police Wall Street. Bernanke told a US congressional committee that the Fed was best-placed to monitor much of the ...

Fed boss makes case to keep all banking duties

AP News 17 hours ago

Bernanke tells Congress: Don't scale back Fed banking supervision Federal Reserve Chairman Ben Bernanke on Wednesday urged Congress not to scale back the Fed's regulatory authority over banks. He said the Fed needs the information it gleans from its bank oversight to ...

Producer prices fall on lower energy costs

Reuters US Online Report Business News 18 hours ago

WASHINGTON (Reuters) - U.S. producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation. The Labor Department on Wednesday said its ...

Fed Chair Ben Bernanke Testifies On Bank Supervision And Monetary Policy

Getty Images 18 hours ago

WASHINGTON - MARCH 17: Federal Reserve Board Chairman Ben Bernanke testifies during a House Financial Services Committee hearing on Capitol Hill on March 17, 2010 in Washington, DC. The committee is examining the link between Federal Reserve supervision and monetary Policy. (Photo ...

Personal Incomes

AP News 18 hours ago

In this Feb. 18, 2010 photo, a Shopper loads her car with goods as she leaves Wal-Mart in Brunswick, Maine. Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged. The weak income growth could depress ...

Summary Box: Fed boss wants to retain bank duties

AP News 18 hours ago

Summary Box: Bernanke wants Fed to retain all banking oversight MAKING THE CASE: Federal Reserve Chairman Ben Bernanke urged Congress to let the Fed keep all of its banking supervision. He argued that information gleaned from that process helps the Fed guide ...

House panel to explore Lehman examiner report

Reuters US Online Report Politics News 20 hours ago

WASHINGTON (Reuters) - A House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found elaborate accounting tricks that helped to hide the investment bank's insolvency. Democratic Representative Mary Jo ...

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