Stocks fell on Friday as Facebook made a shaky debut and finished its first day of trading little changed from its IPO price. Broad market indexes were sharply lower as turned cautious before leaders of the Group of Eight nations met to dicsuss the eurozone debt crisis. Posted: Fri, 18 May 2012 20:03:16 GMT
Shares of Facebook rose early in the market debut of one of the most anticipated initial public offerings ever. But they soon lost some of their pop.
Posted: Fri, 18 May 2012 16:06:31 GMT Facebook’s founder and CEO Mark Zuckerberg rang the opening bell at the Nasdaq stock market Friday, signaling the start of share dealing in the U.S. Posted: Fri, 18 May 2012 13:32:42 GMT
Stocks edged lower Friday, but major indexes were setting up to close their worst week of the year. Posted: Fri, 18 May 2012 18:12:34 GMT
The tough job market has been so hard on some Americans that they have dropped out of the running altogether. But here’s a surprising twist: Generally, that’s not been true of older Americans.
Posted: Fri, 18 May 2012 11:20:28 GMT European officials are playing a dangerous game of chicken with Greece.
Posted: Thu, 17 May 2012 15:18:21 GMT Mortgage rates have continued to fall over the past week, setting record lows for both 30-year and 15-year contracts, mortgage giant Freddie Mac said Thursday. The 30-year benchmark now stands at 3.79 percent, down from 3.83 percent a week ago, with an average "point" fee of 0. Posted: Thu, 17 May 2012 16:00:23 GMT
New claims for unemployment benefits were unchanged last week, according to government data that will do little to ease concerns about a recent slowdown in jobs growth. Posted: Thu, 17 May 2012 12:43:59 GMT
Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting. Posted: Wed, 16 May 2012 18:16:29 GMT
Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.
Posted: Tue, 15 May 2012 12:57:25 GMT Consumer prices were flat in April as households paid less for gasoline and natural gas, possibly giving the U.S. Federal Reserve more room to help economic growth should the recovery stumble.
Posted: Tue, 15 May 2012 13:12:16 GMT The multi-billion-dollar trading losses at JPMorgan have renewed concerns that the largest U.S. banks are too massive to regulate and that the government may not be up to the task.
Posted: Mon, 14 May 2012 18:18:23 GMT The improving employment situation in South Carolina should be good news for Jennifer Moss, offering hope she can find finally land a job after a year and a half without work. But in a way, it’s been another blow.
Posted: Mon, 14 May 2012 13:20:08 GMT NEW YORK --- More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase's trading loss. Posted: Sun, 13 May 2012 15:04:20 GMT
The imminent initial public offering of Facebook renews a question that has been on the market's collective mind: Are we in the midst of a new tech stock bubble?
Posted: Fri, 11 May 2012 11:24:15 GMT But some style gurus believe Facebook's Mark Zuckerberg calculatedly donned his normal dorm-frumpy garb to send New York's financiers a crisp signal: "The West Coast techies truly fuel this economy."
Posted: Fri, 11 May 2012 12:36:02 GMT Producer prices took a surprise tumble in April, led by a sharp drop in energy costs for manufacturers such as factories, refineries and farms. The Labor Department reported Friday that the producer price index dropped a seasonally-adjusted 0.2 percent last month. Posted: Fri, 11 May 2012 12:51:44 GMT
Americans are growing more pessimistic about the economy and handling it remains President Barack Obama's weak spot and biggest challenge in his bid for a second term, according to a new Associated Press-GfK poll.
Posted: Fri, 11 May 2012 13:07:48 GMT Banks have become so restrictive in making mortgages that many worthy homebuyers are being frozen out of the U.S. housing market, Federal Reserve Chairman Ben Bernanke said.
Posted: Thu, 10 May 2012 16:37:26 GMT The deepening political turmoil in Greece has begun reverberating throughout the global financial markets as Athens’ failure to form a government threatens to further undermine the battered European economy. Posted: Thu, 10 May 2012 18:55:40 GMT
Sony Corp. racked up its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround. Posted: Thu, 10 May 2012 12:13:48 GMT
The number of Americans filing for unemployment benefits edged marginally lower in the latest week, showing the job market is heading haltingly in the right direction. Posted: Thu, 10 May 2012 12:41:43 GMT
The U.S. trade deficit widened more than expected in March as imports surged to a record high, in another sign the government may have to scale back its estimate of first-quarter economic growth. The trade gap grew 14.1 percent to $51.
Posted: Thu, 10 May 2012 13:00:51 GMT Walt Disney shares bucked a negative market trend and rose to a record high after the company announced a sequel to its superhero flick, "The Avengers," and posted a rise in quarterly profit.
Posted: Wed, 9 May 2012 16:03:15 GMT The media frenzy over Facebook's IPO has a lot of people wondering how the process works and how well it's going, even though most small investors won't be able to get in on the opening day action.
Posted: Wed, 9 May 2012 11:08:42 GMT The government says gasoline will be cheaper this summer than previously expected. The Energy Department says drivers should pay an average of $3.79 per gallon from April through September. Posted: Tue, 8 May 2012 23:51:45 GMT
Facebook Inc's initial public offering pitch played to some bad reviews in New York, so for its Boston audience on Tuesday, the 30-minute video was scrapped and the company took more questions from analysts and potential investors.
Posted: Tue, 8 May 2012 15:29:59 GMT
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