The European Union cut its economic growth forecasts for the region, saying rising geopolitical risks in Ukraine and the Middle East and a broader global slowdown have eroded business and consumer confidence since the spring.
Pacific Investment Management Co. saw a total of $48 billion flow out of all of its funds in October, including $6 billion from funds not associated with its departed star manager, Bill Gross.
Moving higher for a second week, the 30-year mortgage rate broke back above 4%. Freddie Mac calculated that lenders were offering the most popular home loan at an average of 4.02%.
The European Union cut its economic growth forecasts for the region, saying rising geopolitical risks in Ukraine and the Middle East and a broader global slowdown have eroded business and consumer confidence since the spring.
In the Ebola crisis, one seizes on hope where one finds it. At the moment, its unlikely location is Liberia, where World Health Organization officials are cautiously -- very cautiously, hinting that the wave of cases there may be ebbing.
For stock investors, there was no shortage of drama in October.
Americans unexpectedly opened their wallets less in September, with spending posting its first drop in eight months as income growth slowed, the Commerce Department said Friday.
A federal bankruptcy judge approved the city of Stockton's bankruptcy recovery plan Thursday and sidestepped challenges to its workers' pensions that could have threatened municipal retirement plans across the state in the years ahead.
California employers aren't hiring as quickly as they could — but the economy isn't the damper.
The U.S. economy is showing steady, solid growth despite the shaky global environment, but its resilience will be tested in the coming months.
Solid quarterly results from a range of big companies helped send the stock market slightly higher Thursday. The standout was Visa, whose 10 percent jump helped tug the Dow Jones industrial average up nearly 200 points.
A federal bankruptcy judge approved the city of Stockton’s bankruptcy recovery plan, allowing the city to continue with planned pension payments to retired workers.
The U.S. economy expanded at a solid pace in the third quarter, beating expectations and adding a little more momentum in the face of increased risks from slower global growth and heightened uncertainty in financial markets.