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Trader's Blog
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Today's News
AP Top Extended Financial Headlines At 7:45 p.m. EDT
10 hours ago
Men's Wearhouse fires chairman who told millions 'You're going to like the way you look' Fed sticks with bond purchases but offers brighter outlook for the economy Stocks slide and Treasury yields spike after Bernanke says Fed could slow its bond purchases
AP Top Financial News At 7:45 p.m. EDT
10 hours ago
Men's Wearhouse ousts founder, pitchman Zimmer Fed suggests it's closer to slowing bond purchases Stocks slide as Fed says bond purchases could slow
Stocks slide as Fed says bond purchases could slow
11 hours ago
Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next. The yield on the 10-year Treasury rose to 2.35 percent, its highest in 15 months. The Dow Jones industrial average fell more than 200 points.
Senate backs Froman as next trade representative
11 hours ago
Michael Froman, a senior White House economic adviser and classmate of President Barack Obama at Harvard Law School, on Wednesday won Senate confirmation to be the next U.S. trade representative. "In his new position, Mike will stay focused on our primary economic goals - promoting growth, creating jobs and strengthening the middle class," Obama said in a statement lauding the Senate's action. "And he will continue to help open new markets for American businesses, level the playing field for American workers, farmers and ranchers, and fully enforce our trade rights."
