Commodities surged from a bear to a bull market in anticipation of economic stimulus measures from the Federal Reserve, completing the fastest turnaround since the depths of the financial crisis starting in 2008.
Vice Chairman Janet Yellen says the end of the Federal Reserve’s so-called Operation Twist won’t amount to a tightening of monetary policy. Whether investors agree may help determine the central bank’s next steps.
U.S. companies such as AT&T Inc. and Johnson & Johnson are paying less tax than before the recession even as profits have rebounded, buoyed by breaks and expansion in overseas markets, where the tax burden is lower.
U.S. stocks slumped, sending the Standard & Poor’s 500 Index to its biggest weekly retreat this year, as data on the American and European labor markets boosted concern the global economy is weakening.