Jobs Report Disappoints And A Bad Quarter Ends
The government reported Friday morning that employers added 142,000 workers in September, much lower than the 200,000 jobs expected by Wall Street. It scared investors and stock prices initially fell. By the end of the day, however, the Standard & Poor's 500 stock index surged 27.54 points, or 1.4%, to close at 1,951.36.more >
Yellen's Upset Stomach Prompts CNN "Freak-Out"
Investors now have one more reason not to trust everything reported on cable financial news channels. CNN Money on Thursday posted a video on YouTube entitled, "People are freaking out about this Janet Yellen Speech." Actually, the 69-year-old Fed chair was dehydrated. After making some important policy pronouncements about inflation, Yellen appeared to fight off losing her lunch. She took a couple of long pauses in battling it off and, at one point, she belched.more >
Federal Reserve Holds Interest Rates Steady For Now
Citing recent global and economic and financial developments, the nation's central bankers at the U.S. Federal Reserve voted this past Thursday not to raise interest rates, erasing gains in stocks earlier in the week as higher volatility continued to roil markets.more >