Market News
Reuters - Federal Reserve Chairman Ben Bernanke on Thursday said the central bank would spare no effort to boost disappointingly weak growth and lower unemployment but offered no details of steps monetary policymakers might take.
AP - Interest rates on short-term Treasury bills rose slightly in Tuesday's auction but still remained near historic lows.
AP - GOLD'S HAVEN: Gold prices continued to climb on concerns about what's ahead for the global economy. Investors worry about another U.S. recession, Europe's debt problems and volatility in financial markets.
Reuters - When the leaders of the world's two biggest economies meet in Hawaii three months from now, U.S. President Barack Obama will still be able to brag to Chinese President Hu Jintao that the United States has more big companies than any other nation on the planet.
AP - Volatile weather and shoppers' worries about the economy muted demand during Lowe's key early-summer selling season, leaving its second-quarter net income nearly flat, the nation's second-largest home improvement retailer said Monday.
AP - Emergency legislation to avoid an economy-rattling government default sped through the House Monday night, a scant day before the deadline for action — the dramatic vote made all the more memorable by Rep. Gabrielle Giffords' first appearance in Congress since suffering a head wound in a shooting six months ago.
AP - Jobs are scarce and food prices are likely to stay high through next year, making it harder for the U.S. economy to escape its current weak patch.
AP - Nobel Prize-winning economist Peter Diamond is withdrawing his nomination for the Federal Reserve board, expressing frustration with Republicans who had blocked his appointment and questioned his practical experience.
AP - Americans are losing faith that the economy will keep improving, according to a monthly survey.
AP - The dollar fell Thursday against other major currencies after a new report confirmed sluggish U.S. economic growth in the first three months of the year as high gas prices hurt consumer spending.