WASHINGTON: In his first speech since he was reappointed, Federal Reserve Chairman Ben Bernanke said the recession is “very likely over” but detailed the tough road ahead for the economy.Bernanke also said that despite delays, he is confident that Congress will pass changes to financial rules to ward off future collapses.He hit hard on the… »
NEW YORK: Finally! After nearly two years of declines, the net worth of Americans rose by 2 trillion to an estimated 53.1 trillion in the second quarter compared with the first three months of the year.The soaring stock market accounted for much of the gain…. »
(Fortune Small Business) — Few entrepreneurs plan to shoot their product down. For David Lashmore, it was a necessity. Lashmore’s company, Nanocomp Technologies, is the first in the world to make sheets of carbon nanotubes — microscopic tubes stronger than steel but lighter than plastic…. »
NEW YORK: Wow. I just had the strangest dream that I had time warped back to 1992. Shares of General Electric were surging and NBC was enjoying great ratings.But it’s… »
NEW YORK (Fortune) — Where are the perp walks for the subprime mortgage executives that dragged us into this mess? Three years after the housing bubble popped, federal prosecutors have… »
NEW YORK: With little on the docket to challenge investor optimism, the defiantly bullish stock market is looking to extend its staggering run in the week ahead.And why not? Wall… »
NEW YORK (Money) — Question: My sister and brother-in-law have announced that they are broke, and want to borrow money. They went bankrupt a few years ago, but have since… »
(Money Magazine) — The advice rolls off the tongues of financial planners and appears frequently in the pages of financial magazines such as Money: To have any shot at retiring… »
LONDON (Reuters) — Oil prices slipped toward 72 a barrel Friday as dealers took profits from a 5% rally earlier in the week and the U.S. dollar bounced from… »
NEW YORK (Reuters) — Gold ended lower Friday, capping a volatile week in which the metal had risen toward its all-time high 1,030.80 an ounce as a steadily falling… »
NEW YORK (Fortune) — It was beginning to look like another dark season for Lions fans as the home-season opener against the Minnesota Vikings this Sunday was threatened to be… »
NEW YORK (Reuters) — The dollar rebounded from a one-year low against the euro Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for… »