Stocks extended their decline on Wednesday, with the S&P 500 falling 1% following remarks by Fed Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to improve.
The media are abuzz with condemning assessments of HP's second quarter, due to be reported after market close Wednesday. Here’s the deal, though. HP has surprised to the upside the past three quarters. Should we expect the same contortion here?
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer — if the economy showed strong and sustained growth.
The IRS official at the center of the storm over the agency's targeting of conservative groups told Congress she had done nothing wrong in the episode, and then invoked her constitutional right to refuse to answer lawmakers' questions.
PARIS (Reuters) - British Prime Minister David Cameron said on Wednesday that there were "strong indications" that a killing in London was terror-related. "It is the most appalling crime," Cameron said, before cutting short a visit to Paris. "The police are urgently seeking the full facts about this case but there are strong indications that it is a terrorist incident." (Writing by Kate Holton; Editing by Guy Faulconbridge and Andrew Osborn)
.gif)
