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  • Jobless Rate Falls to 7.7% as Economy Adds 236K Jobs

    Published March 08, 2013

    Non-farm payrolls increased 236,000 in February, pushing the unemployment rate down to 7.7% -- the lowest since December 2008.

  • Stress Test: Banks Could Survive Economic Meltdown

    Published March 07, 2013

    Bank stress test results on 18 of the largest U.S. banks show all but one could easily withstand a financial crisis much worse than the 2008 financial crisis.

  • Fed Not Shifting Gears Away From Easy Money

    Published March 07, 2013

    Inflation hawks can beg and plead in an effort to convince the Federal Reserve to tighten fiscal policy lest their fears of soaring consumer prices turn into reality. But it’s not going to work.

     

  • Jobs Report Highlights Light Week Ahead

    Published March 01, 2013

    The February jobs report is out Friday and should prove the highlight of an otherwise light week for economic data.

  • Sequestration Not Living Up to Past 'Crises'

    Published March 01, 2013

    The sequester 'crisis' is different in at least one major way from previous crises: many Americans actually agree with any plan that requires the U.S. government to scale back on spending.

  • Wall Street Shrugs off Sequestration

    Published February 27, 2013

    In stark contrast to the tumultuous ride the markets took during the debt debacle in August 2011, traders aren't sweating the looming sequester.

  • Chase To Cut 17,000 Jobs Over Two Years

    Published February 26, 2013

    J.P. Morgan Chase plans to trim its workforce by about 17,000 over the next two years while also committing to a program of global expansion.

  • Wall Street Braces for a Jam-Packed Week

    Published February 22, 2013

    Get ready for a busy week on Wall Street: Lawmakers will race to avert the full-blown sequester, several key economic reports will be released, and Federal Reserve Chairman Ben Bernanke will testify before Congress. 

  • Madoff: Maintain Scrutiny on Banks, Feeder Funds

    Published February 22, 2013

    In an e-mail to FOX Business on Friday, Bernie Madoff said investigators should maintain their scrutiny on banks he did business with and feeder funds that recruited clients for him.

  • AIG Posts $4 Billion 4Q Loss

    Published February 21, 2013

    Insurer American International Group reported a fourth-quarter loss of $4 billion on Thursday on storm-related losses and the sale of its aircraft leasing business, ILFC.