Stock Futures Tumble as Fiscal Worries Mount

U.S. stock-index futures sold off after a bill aimed at staving off tax hikes associated with the looming fiscal cliff failed to garner enough support for a vote in the House of Representatives

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EIA Says Crude-oil Supplies Up 10 Million BarrelsComments Off

Oil futures pared some of their earlier gains on Wednesday following weekly data that showed a jump in crude supplies that was over four times more than expected.

Fed’s Lockhart Sees First Rate Hike After Mid-2015Comments Off

The Federal Reserve will likely hold short-term interest rates at zero until “the latter half of 2015,” based on current forecasts for growth and inflation, said Dennis Lockhart, president of the Atlanta Fed Bank, on Wednesday, according to a report on…

U.S. housing starts up but miss forecasts; permits fallComments Off

U.S. housing starts rose but below market expectations and building permits fell in March, pointing to underlying weakness in the housing market that could persist despite improving weather.

Treasurys Cut Losses After Housing Starts DataComments Off

Treasury prices trimmed losses Wednesday after data showed construction on new homes missed expectations.

Litigation expenses push Bank of America into lossComments Off

Bank of America Corp posted a first-quarter loss on Wednesday as it set aside an extra $6 billion to cover litigation expenses, a figure that far exceeded the legal settlements the No.

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