Paul Dykewicz
Fed Expected to Announce Further $10 Billion Taper Today
Turmoil in emerging markets and a month of disappointing job growth at home are unlikely to deter the Federal Reserve from cutting its bond-buying stimulus on Wednesday, as Ben Bernanke presides at his last policy meeting as head of the U.S. central bank.
Turkey Rate Hike Fails to Halt Lira Bleeding as Stocks Slump
The lira reversed earlier gains after doubling its interest rates failed to assuage concern that Turkey’s economy will be hurt by a slowdown in China and a reduction in U.S. monetary stimulus.
U.S. Stocks Rise after Three-Day Sell-Off
U.S. stocks rose Tuesday, with the Standard & Poor’s 500 Index rebounding from its worst slump since June, fueled by earnings at companies from Pfizer Inc. to D.R. Horton Inc. topping estimates and consumer confidence rising.
Durable Goods Orders Stumble, but Consumers Gain Confidence
Orders for long-lasting U.S. manufactured goods unexpectedly fell in December along with a gauge of planned business spending, giving a a reality check to a largely improving U.S. economic outlook.
Falling Gasoline Hurts Exxon Plan for U.S. Crude Exports
Exxon Mobil Corp. (XOM)’s push to export U.S. oil overseas is facing a new hurdle: falling gasoline prices.
U.S. Stocks Retreat Again after Worst Week Since 2012
U.S. markets fell further today to continue its descent from late last week.