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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…

Obama 2012 team would prefer to run against Rick Perry

CHICAGO (Reuters) – Republican White House hopeful Rick Perry has at least some supporters in the Democratic stronghold of Chicago — President Barack Obama’s re-election team. The Texas governor, a social and fiscal conservative, is seen by Obama’s top election fundraisers, supporters and senior Democrats close to the campaign as…

Obama meets Fed chief Bernanke

WASHINGTON — US President Barack Obama met Federal Reserve Chairman Ben Bernanke Wednesday to discuss the stuttering US economy and fears of contagion from Europe’s debt crisis. “The president and the chairman discussed the outlook for the recovery and for jobs as well as fiscal issues, including the need to…

Fed speaks again as weak indicators cloud outlook

WASHINGTON (AFP) – US Federal Reserve chairman Ben Bernanke is set to give his second-ever press conference Wednesday as signs of weakness in the world’s biggest economy cloud prospects for a stimulus reduction. The central bank’s Federal Open Market Committee (FOMC) on Tuesday debated an eventual exit strategy from the…

‘Anonymous’ targets Federal Reserve chairman Ben Bernanke

Anonymous has set its sights on Ben Bernanke. The most well-known hacker group, Anonymous, uploaded a video message to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign, among other things. It’s embedded below. The video begins with Bernanke saying he is 100% confident of his ability to…

Federal Reserve Chairman Bernanke sees ‘loss of momentum’ in jobs market

WASHINGTON — After a slew of wretched economic news, Federal Reserve Chairman Ben Bernanke warned Tuesday there had been a “loss of momentum” in the US jobs market. Two years into a slow and largely jobless recovery, Bernanke predicted employment growth would eventually pick up, but that a recent soft-patch…

US price increases hit consumers

WASHINGTON – US energy and grocery prices are on the rise, hitting already struggling consumers and posing a tricky dilemma for US policy makers. Confirming what most US shoppers already suspected, the Labor Department on Thursday reported prices for everything from vegetables to unleaded fuel rose again in January. The…

New jobless claims tumble to 2-year low

WASHINGTON – The number of new claims for US unemployment insurance tumbled last week to a two-year low, according to official data Thursday, offering hope for the troubled labor market. The Labor Department said initial jobless claims fell to a seasonally adjusted 383,000 in the week ending February 5, down…

Fed’s Bernanke tackles congressional critics

WASHINGTON – Federal Reserve Chairman Ben Bernanke fended off criticism that he is ignoring the risk of rising prices Wednesday, as he faced a skeptical Republican-controlled panel in Congress. “We remain unwaveringly committed to price stability,” Bernanke told the House of Representatives budget committee, rejecting claims that rising prices for…

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