Consumer Confidence Falls in June

Two pillars of the economy - consumer confidence and the housing market - sent off warning signs on Tuesday that could mean lower spending...

Exxon, ConocoPhillips Refuse Chavez deal

Exxon Mobil Corp. and ConocoPhillips refused to sign deals Tuesday that would enable them to keep pumping oil under tougher terms in Venezuela, the...

Dollar Rises In Israel

The dollar continued to rise on Tuesday, gaining 0.47% and closing at NIS 4.282.

Stocks Lose Ground Ahead of Fed Meeting

Wall Street gave up a big advance and turned lower Monday as investors suffered a renewed case of the jitters ahead of the Federal...

Importer Told to Recall Chinese Tires

Federal safety officials have ordered a tiny tire importer to recall as many as 450,000 tires that it bought from a Chinese manufacturer and...

Bank of Israel keeps interest rate at 3.5%

The Bank of Israel has kept the interest rate for July unchanged at 3.5%. The Bank of Israel said, “At this stage, the current...

U.S. Stocks Rise as Bond Yields Decline; General Motors Gains

U.S. stocks advanced after bond yields fell and investors speculated General Motors Corp. is close to a settlement with the United Auto Workers union. GM...

World Bank Board to Name Next President

Robert Zoellick, President Bush's former trade chief and No. 2 diplomat, appeared certain to win approval as the World Bank's next president. The World...

Many in U.S. Don’t Have Bank Accounts

Grandma stuffing money under the mattress isn't the only one living outside the banking system. As many as 28 million people in the United States...

US Senate Bill Boosts Automobile Mileage, Ethanol

The U.S. Senate passed legislation that would overhaul car fuel economy standards for the first time in more than two decades and quadruple use...

Blackstone Shares Rise After Record $4.13 Billion IPO

Blackstone Group LP shares jumped as much as 23 percent as investors clamored for a slice of the biggest initial public offering by a...

TA Stock Exchange Closes Down

The Tel Aviv stock exchange closed the trading week down Thursday. Dollar rates rose by 1.027 percent to NIS 4.2300. The euro gained 0.790...

US Economy to Expand in Coming Months

The U.S. economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of...

Stocks Flat After Manufacturing Data

Stocks traded flat in a back-and-forth session Thursday as investors appeared to look past some recurring concerns about interest rates and take a dose...

Israeli MK: Number of Bank Fees Will be Cut as Planned

Likud MK Moshe Kahlon, the chairman of the Knesset Economic Affairs Committee has dismissed a report published today in "Yediot Ahronot" on the reduction...

Yen Trades Near Four-Year Low Versus Dollar on Capital Outflows

The yen traded near the weakest in more than four years versus the dollar on speculation Japanese employees will use their summer bonuses to...

FedEx 4Q Profit Rises 7%

FedEx Corp. posted a 7 percent increase in fourth-quarter profit Wednesday on higher revenue but said a sluggish U.S. economy dampened business. The shipping...

Stocks Plummet on Soaring Bond Yields

A surge in Treasury yields rattled Wall Street Wednesday, forcing stocks to give up early gains and drive down the Dow Jones industrial average...

Japan Trade Surplus Widens as Export Growth Quickens

Japan's export growth almost doubled in May, buoyed by shipments to China and the European Union and a rebound in U.S. demand. Exports rose 15.1...

Stocks Start The Day Off Right

Stocks advanced today, with Wall Street enthusiastic about Home Depot Inc.'s $22.5 billion stock-repurchase plan and Morgan Stanley's wider-than-expected quarterly profit. Investors were pleased that...

Stocks Edge up Despite Best Buy Warning

Wall Street tried for a modest advance Tuesday, drawing confidence from declining Treasury yields, but investors' mood was subdued by a lackluster profit report...

AT&T Quietly Introduces $10 DSL Plan

Without any fanfare, AT&T Inc. has started offering a broadband Internet service for $10 a month, cheaper than any advertised plan. The DSL, or digital...

Nymex Oil Tops $69 a Barrel

Oil prices rose on Tuesday, edging above the nine-month closing high reached a day earlier, after labor unions in Nigeria rejected the government's efforts...

Google Getting Into The Auto Industry

Google said Tuesday it is getting in on the development of electric vehicles, awarding $1 million in grants and inviting applicants to bid for...

US Homebuilder Confidence Declines to 16-Year Low

Confidence among U.S. homebuilders fell this month to the lowest since February 1991 as interest rates climbed and delinquencies surged. The National Association of Home...

Gasoline Refinery Expansions Scaled Back

With Congress and the White House pushing to increases the use of ethanol, the oil industry is scaling back its plans to expand refineries...

Treasury Yields Reach Five-Year High as Rate Cut Bets Diminish

U.S. 10-year Treasury yields reached a five-year high as traders stepped up bets the economy is strong enough to keep the Federal Reserve from...

Hedge Funds Forecast Windfall in Europe’s Growing Power Market

Hedge fund manager Marcel Melis ignores stock charts, commodities reports and bond prices as he sips his morning coffee. All his attention is focused...

U.S. Stocks Surge After Consumer Price Gauge Slows; Intel Gains

U.S. stocks rallied and the Standard & Poor's 500 Index posted its biggest weekly gain since April after a measure of consumer prices rose...

Yen May Extend Decline as U.S. Yield Differential Increases

The yen may fall a third consecutive day against the dollar and euro on speculation the Bank of Japan will hold borrowing costs steady,...

U.S. Stocks Rise, Led by Energy Shares; Exxon Mobil Advances

Energy shares rallied to a record on a surge in oil prices, carrying the U.S. stock market to its second consecutive gain. Exxon Mobil Corp.,...

Patriarch of Banking Empire Dies at 98

Baron Guy de Rothschild, patriarch of the French banking empire, has died, his family announced Thursday. He was 98. Rothschild, who saw the family's...

JPMorgan to Lease WTC Site Tower

Bloomberg News reports that JPMorgan Chase & Co. has agreed to a $300 million, 99-year lease for an office tower to be built just...

London Luxury-Home Price Increases May Slow

Luxury home prices in London, the world's most expensive city, may increase at a slower pace this year as more properties come onto a...

US Retail Sales Jump, Import Prices Rise

Retail sales in the U.S. jumped by the most in more than a year in May as Americans flocked to malls, undeterred by record...