Eric Green News
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Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market, economists said before a report today.
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The U.S. business cycle has been transformed as asset prices become more influential and manufacturing less so.
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U.S. equities rose, recovering early losses, as financial shares led gains that sent the Standard & Poor’s 500 Index within nine points of its record. Stocks dropped in Europe and China as Fitch Ratings cut Italy’s debt and China’s industrial output weakened. Treasuries fell.
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The Standard & Poor’s 500 Index climbed within nine points of its record high and a gauge of market volatility slipped to the lowest level in six years as Apple Inc. rallied and banks advanced.
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Mitt Romney says Barack Obama’s policies will consign the U.S. to an extended period of sluggish economic growth, at best. The president says his Republican challenger’s plans will sow the seeds of another mammoth recession. Both are wrong.
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The U.S. economy grew at a modest to moderate pace across most of the country amid rising consumer demand for homes and autos, the Federal Reserve said.
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Federal Reserve Chairman Ben S. Bernanke’s latest round of bond buying will reach $1.14 trillion before he ends the program in the first quarter of 2014, according to median estimates in a Bloomberg survey of economists.
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U.S. stocks fell, trimming the best January rally for the Dow Jones Industrial Average since 1994, on disappointing earnings as investors weighed economic data ahead of tomorrow’s jobs report.
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The labor market in the U.S. probably kept making progress in January even as lawmakers quarreled over the federal budget, economists said before a report today.
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Esterline Technologies Corp., the aerospace supplier facing pressure from one of its largest investors to boost its valuation, is poised to hand shareholders a return of at least 37 percent as a takeover target.
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