DJIA: 16,408.54  -16.31 (-0.10%) | NASDAQ: 4,095.516  +9.291 (0.23%) | S&P 500: 1,864.85  +2.54 (0.14%) Markets closed

  • Show Article Details

    WASHINGTON-- The number of people applying for unemployment-insurance benefits is sticking close to the lowest level since 2007, signaling that employers are maintaining a slow pace of layoffs, according to government data released Thursday. Labor Department reported that initial claims for unemployment-insurance benefits reached 304,000 in the week that ended April 12. That tally is up 2,000 from 302,000 in the prior week, which was the lowest level since September...

  • Show Article Details

    *Jobless claims better than expected* Philadelphia manufacturing data expected* Treasury to sell $18 bln, five-year TIPS* Bond market to close early Thursday, closed on Friday By Karen Brettell NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department...

  • Show Article Details

    Consumers tired of rising checking account fees regularly threaten to switch to community and regional banks, but that talk is cheap, experts have found. As financial institutions introduced more checking account fees post-recession, people started switching to smaller banks, according to Moebs Services, an economic-research firm in Lake Bluff, Ill. From 2008 to 2012, 15 million to 24 million accounts switched from large to smaller banks with assets of $10 billion or less, says...

  • Show Article Details

    Tax season has come and gone, but it's still a good introduction to a FinancesOnline infographic on our "weird" money habits and how Wall Street and economists track the economy through them. For instance, we believe taxes are difficult, but not as difficult as other lifetime hurdles. That's not the half of it.

  • Show Article Details

    WASHINGTON-- The number of people who applied for unemployment-insurance benefits ticked up by 2,000 to 304,000 in the week that ended April 12, a slight increase from the lowest level since 2007, signaling that employers are maintaining a slow pace of layoffs, according to government data released Thursday. Economists polled by MarketWatch had expected claims to total a seasonally adjusted 315,000 in the latest weekly data. The average of new claims over the past month...

  • Show Article Details

    New claims for jobless benefits hovered near their pre-recession levels last week and manufacturing in the Mid-Atlantic region accelerated in April, suggesting an upswing in economic activity after a brutally cold winter. Coming on the heels of fairly bullish data on retail sales and industrial production, Thursday's reports also hinted job growth may be picking up slightly.

  • Show Article Details

    Now that you've recovered from the trauma of filing last year's tax return, your impulse is probably to forget about taxes for a good long while. Now is actually the best time to plan ahead for future tax savings. Any missteps you made last year are still fresh in your mind, plus you're still up to speed on the current rules.

  • Show Article Details

    WASHINGTON-- The Federal Reserve should prohibit banks from owning physical assets such as commodity and energy trading units, two Senate Democrats said Wednesday. "As a general matter, should be prohibited from owning physical assets like warehouses, pipelines, and tankers," said Sen. Sherrod Brown, a Democrat from Colorado and Sen.

  • Show Article Details

    WASHINGTON-- A strong economy with full employment and stable prices is tantalizingly on the horizon, Federal Reserve Chairwoman Janet Yellen said Wednesday. In a speech to the Economic Club of New York, Yellen noted that the central bankers and many economists see a return to full employment and stable prices by the end of 2016. This would be the strongest economy in a decade. "I find this baseline outlook quite plausible," Yellen said.

  • Show Article Details

    The Federal Reserve will continue to trim its massive bond-buying program and end it this fall, a top Fed official predicted on Wednesday, adding that interest rates will stay near zero until at least then and probably some time beyond. "I cannot foresee any reason to not continue to reduce it to zero," Dallas Federal Reserve Bank President Richard Fisher told reporters after an event.

  • Show Article Details

    WASHINGTON-- Richard Fisher, the president of the Dallas Federal Reserve Bank, said Wednesday that he is "not uncomfortable" with the current low level of inflation in the United States, according to news reports. In a speech in Austin, Fisher said he will not vote for any policy to lift inflation beyond the Fed's 2% annual inflation target, according to Reuters. Fisher also said the economy was recovering after a harsh winter.

  • Show Article Details

    U.S. businesses are still in a "defensive crouch" and are not aggressively hiring largely because of uncertainty over fiscal policy, Dallas Federal Reserve Bank President Richard Fisher said on Wednesday.

  • Show Article Details

    WASHINGTON- U.S. economic activity increased in most of the country as the weather improved, particularly in the snow-ravaged northeast, according to summary of economic conditions released Wednesday. The Beige Book, a collection of anecdotes about the economy, said ten of the 12 Federal Reserve districts saw improvement- mostly of the "modest to moderate" variety- but a decline in activity in the Cleveland and St. This summary fits comfortably with most private-sector...

  • Show Article Details

    WASHINGTON-- U.S. economic activity increased in most of the country as the weather improved, particularly in the snow-ravaged northeast, according to summary of economic conditions released Wednesday. The Beige Book, a collection of anecdotes about the economy published by the Federal Reserve, said 10 of its 12 districts saw improvement-- mostly of the "modest to moderate" variety-- but there was a decline in activity in the Cleveland and St. This summary fits comfortably with the...

  • Show Article Details

    U.S. economic activity picked up in recent weeks as a weather-related drag lifted, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from contacts nationwide, the U.S. central bank said eight of its 12 districts characterized growth as "modest to moderate."