New vehicle sales could start to recover in the next several months, which could give a needed boost to automotive stocks, an analyst said Tuesday.
Federal Reserve Chairman Ben Bernanke said Tuesday there have been "tentative signs" that the recession may be easing.
Goldman Sachs Group Inc. has beat Wall Street's earnings expectations, reporting profit of $1.7 billion during the first three months of this year. It's another sign that banks may be turning themselves around.
New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached 6 million, setting a record for the 10th straight week.
Bank of America Corp. has paid a $4.7 million fine to Massachusetts following an investigation of the bank's marketing and sales of auction-rate securities.
Faced with the danger of a worsening recession, Federal Reserve policymakers at their March meeting took the bold step of plowing $1.2 trillion into the economy to drive down interest rates and entice Americans to start buying again.
The cost of three-month dollar loans between banks fell Friday, a day after the Group of 20 world leaders agreed to help struggling countries with extra funds and to regulate financial markets more closely.
Stock futures surged Thursday as the world's finance leaders discussed the global economy. Investors were enthusiastic about word from the London meeting of financial regulatory changes and increased funding for the International Monetary Fund.
Authorities have begun sweeping up some of the leftovers of disgraced financier Bernard Madoff's opulent Palm Beach lifestyle — including a mansion and vintage yacht — but it won't go far repaying investors defrauded of billions.
