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Cain: ‘If you don’t have a job and you’re not rich, blame yourself’
Mitt Romney isn’t the only Republican candidate condemning Occupy Wall Street. In an interview posted Wednesday morning by The Wall Street Journal, Herman Cain shared some harsh sentiments on the movement, labeling it, “orchestrated to distract from the failed policies of the Obama administration.” Cain then targeted the protesters’ own…
Ben Bernanke on ‘Occupy Wall Street’ protest: I can’t blame them
Senator Bernie Sanders (I-VT) and others questioned Federal Reserve Chairman Ben Bernanke on Tuesday about the ongoing “Occupy Wall Street” protest in lower Manhattan. “Chairman, as you know, there are people demonstrating against Wall Street in New York City and other cities around the country, and I think the perception…
Stock futures rise after German vote
NEW YORK (Reuters) – Stock index futures rose on Thursday after a German vote approving new powers for the euro zone’s crisis fund was approved and before data on U.S. economic growth and the labor market. Germany’s parliament voted new powers for the crisis fund but it was not clear…
Emerging markets offer lessons for U.S.: Bernanke
WASHINGTON — Emerging economies have important lessons like fiscal discipline and investment in education that the United States should re-learn, US Federal Reserve chairman Ben Bernanke said Wednesday. “Advanced economies like the United States would do well to re-learn some of the lessons from the experiences of the emerging-market economies,”…
Obama tells Congress to pass $447 billion jobs plan
Watch Obama’s full speech to Congress President Barack Obama Thursday challenged Republicans to halt a “political circus” and immediately pass a bigger than expected $447 billion jobs plan he said would jolt the “stalled” economy. Obama, seeking to restore public trust in his economic management and take aim at 9.1…
Dollar holds firm after Bernanke speech
The dollar held firm against other major currencies in Asia on Monday after a much-awaited speech by US Federal Reserve chairman Ben Bernanke boosted positive sentiment. The euro bought $1.4480 in Tokyo morning trade, slightly down from $1.4490 in New York late Friday. It was almost flat at 111.10 yen.…
New IMF chief says urgent action needed to protect recovery
JACKSON HOLE, Wyo (Reuters) – The new head of the IMF on Saturday urged global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession. “Developments this summer have indicated we are in a dangerous new phase,”…
Bernanke: It’s Congress’s turn to act on economy
JACKSON HOLE, Wyoming (Reuters) – Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors. Bernanke said the Fed had marked…
Stock futures flat ahead of jobless claims
NEW YORK (Reuters) – Stock futures were little changed on Thursday as investors found little reason to buy after three days of gains on the S&P 500 and ahead of weekly data on jobless claims. Nasdaq futures were pressured as Apple Inc fell 2.7 percent to $366.15 in premarket trading.…
Stocks rally on hopes of economic growth
NEW YORK — US stocks surged strongly on Tuesday, boosted by growing hopes the US Federal Reserve will offer new stimulus measures to kick-start a sluggish economy. The Dow Jones Industrial Average packed on 322.11 points (2.97 percent) to finish at 11,176.76. The broader S&P 500 leaped 38.53 points (3.43…
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