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US Economy Rebounds Strongly in Second Quarter

Jul 30, 2014 at 20:00 | Source: NDTV Profit

Washington: US economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, which could bolster views for a stronger performance in the last six months of ...

India to play big role in US' 'rebalance to Asia' strategy: Biswal

Jul 25, 2014 at 08:34 | Source: FirstPost

Washington: Ahead of an important India visit of US Secretary of State John Kerry, a top Obama Administration official today said that the Asian nation has an increasingly vital role to play at the global stage.As the US moves towards implementing it...

Treasuries Rallies Most in 7 Weeks on Downed Plane, Gaza Turmoil

Jul 18, 2014 at 02:00 | Source: Bloomberg

July 16 (Bloomberg) -- Federal Reserve Chair Janet Yellen comments on financial stability, the central bank's balance sheet, the U.S. economy, Fed independence and monetary policy. She speaks before the House Financial Services Committee in&a...

Fed Chair Yellen's Own Words Before House Committee

Jul 17, 2014 at 02:00 | Source: Business Week

July 16 (Bloomberg) -- Federal Reserve Chair Janet Yellen comments on financial stability, the central bank's balance sheet, the U.S. economy, Fed independence and monetary policy. She speaks before the House Financial Services Committee in&a...

Bank of America reports 43% drop in quarterly profits

Jul 16, 2014 at 22:32 | Source: BBC

Bank of America has reported a 43% drop in its second-quarter profits after a fall in mortgage revenue and a rise in legal costs. The bank, the US's second largest, said net income of $2.3bn (£1.34bn) was down from $3.4bn (£1.99bn) a year earl...

Dollar Rises to Highest in 3 Weeks as Yellen Testifies

Jul 16, 2014 at 22:00 | Source: Bloomberg

July 16 (Bloomberg) --The U.S. dollar rose to a three-week high versus a basket of peers as Federal Reserve Chair Janet Yellen addressed lawmakers for a second day on the state of the U.S. economy. The dollar reached the strongest in a month versus t...

Dollar Rises to Highest in 3 Weeks as Yellen Testifies

Jul 16, 2014 at 22:00 | Source: Business Week

The U.S. dollar rose to the highest level in more than three weeks versus a basket of peers as Federal Reserve Chair Janet Yellen addressed lawmakers for a second day on the state of the U.S. economy. The dollar reached the strongest in a month versu...

US stocks mostly down as investors digest earnings [The Oregonian, Portland <b>...</b>

Jul 16, 2014 at 20:00 | Source: Business Week

July 15--The Federal Reserve&#39;s latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day. Fed Chair Janet Yellen, speaking before Congress, said the U.S. ...

Bearish Economic Talk Is Tired, Pointless: Dutta

Jul 16, 2014 at 18:00 | Source: Bloomberg

July 16 (Bloomberg) -- Neil Dutta, head of U.S. economics at Renaissance Macro Research, breaks down retail sales numbers, explains why they point to economic improvement and critiques Federal Reserve Chair Janet Yellen&#39;s take on the U.S. eco...

Labor market still needs Fed support, chair says

Jul 16, 2014 at 08:00 | Source: Business Week

WASHINGTON (AP) — Despite recent sizable job gains, Federal Reserve Chair Janet Yellen is signaling that her agency is in no rush to withdraw the massive support it is providing the U.S. economy. Extra caution is warranted, she said Tuesday, given ...

Janet Yellen&#39;s Own Words on Economy, Fed Policy

Jul 16, 2014 at 02:00 | Source: Business Week

July 15 (Bloomberg) -- Federal Reserve Chair Janet Yellen comments on the U.S. economy and the Fed&#39;s policies. She speaks before the Senate Banking Committee in Washington. (This report contains excerpts of Yellen&#39;s testimony. Source:...

Dollar Gains Versus Major Peers on Yellen Comments

Jul 15, 2014 at 22:00 | Source: Bloomberg

The dollar gained against most major peers as Federal Reserve Chair Janet Yellen told lawmakers the U.S. economy is on a solid trajectory while emphasizing “significant slack” in labor markets. The U.S. currency strengthened earlier as retail sal...

Dollar Gains Versus Major Peers on Yellen Comments

Jul 15, 2014 at 22:00 | Source: Business Week

The dollar gained against most major peers as Federal Reserve Chair Janet Yellen told lawmakers the U.S. economy is on a solid trajectory while emphasizing “significant slack” in labor markets. The U.S. currency strengthened earlier as retail sal...

Fed&#39;s Yellen: US Economy Continues to Improve but Recovery Not Yet Complete

Jul 15, 2014 at 20:00 | Source: Wall Street Journal

Federal Reserve Chairwoman Janet Yellen signaled continued low interest rates in her semiannual report to Congress on Tuesday, noting that the U.S. economic recovery is &quot;not yet complete&quot; and too many Americans remain unemployed. &a...

Wells Fargo profits rise as US economy improves

Jul 12, 2014 at 19:27 | Source: BBC

Profits at Wells Fargo rose 3% in the second quarter, as the US's largest bank benefitted from a pick-up in the US economy. The bank - which is responsible for one out of six US home loans - reported a quarterly profit of $5.7bn (£3.3bn). It al...

WTI Rises First Time in 10 Days on U.S. Growth Prospects

Jul 11, 2014 at 02:00 | Source: Bloomberg

West Texas Intermediate crude gained for the first time in 10 days on speculation a growing U.S. economy will increase demand. Prices snapped a nine-day decline, the longest losing stretch since 2009. U.S. economic growth will exceed 3 percent over a...

Stocks Slide on Europe Debt Turmoil as Bonds, Gold Rise

Jul 11, 2014 at 02:00 | Source: Bloomberg

July 10 (Bloomberg) -- Robert Doll, chief equity strategist at Nuveen Asset Management, talks about the U.S. economy, financial markets and corporate earnings. He speaks with Adam Johnson, Scarlet Fu and Brendan Greeley on Bloomberg Television&#3...

WTI Trades Near Two-Month Low as Supply Concerns Ease

Jul 11, 2014 at 00:00 | Source: Bloomberg

West Texas Intermediate crude gained for the first time in 10 days on speculation a growing U.S. economy will increase demand. Prices snapped a nine-day decline, the longest losing stretch since 2009. U.S. economic growth will exceed 3 percent over a...

Gold edges higher on softer dollar; India budget 2014 eyed for import duty cut

Jul 10, 2014 at 07:42 | Source: FirstPost

Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in US interest rates.Markets were also eyeing developments in the se...

Federal Reserve plans to end stimulus in October

Jul 10, 2014 at 03:52 | Source: BBC

The Federal Reserve will end its stimulus programme in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed. The Fed has been buying bonds to lower long-term interest rates and boost g...

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