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FedEx's weak outlook leaves stocks mixedStock prices were mixed Tuesday after FedEx聽sharply reduced its fiscal-year profit forecast.听FedEx's stock fell $2.73, or 3.1 percent, to close at $86.55.
Spain dithers: Stocks fall, borrowing costs riseStock markets fall as investors grow nervous about Spain's delay in asking for a bailout. Spain's bond yields rise, but bond auctions generate strong response.
Occupy Wall Street fizzles. Is the movement over?Occupy Wall Street celebrated its one-year anniversary Monday with demonstrations that led to several arrests, but not an enthusiastic turnout. Is Occupy Wall Street finally finished for good?
FedEx cuts service on dim global economy outlookFedEx forecasts are closely watched for signals of future economic health, and the package delivery company is聽cutting its forecast for the fiscal year ending in May because of the worsening global economy.听FedEx聽is seeing a drop in demand for more expensive priority services.
Oil prices plunge after last week's bumpOil prices bobbed above $97 per barrel and then retreated on Tuesday, a day after聽prices聽unexpectedly took a plunge. The drop in oil prices聽erased the gains made last week when the Federal Reserve unveiled new steps to boost the US economy.
Fed easing: How many homeowners will it really help?Federal Reserve's new push to ease mortgage rates won't help underwater homeowners and those with bad credit. Despite current low rates, two-thirds of homeowners have interest rates above 5 percent.听
Apple hits new high as stocks slip slightlyWeak economic news sent stocks sliding after a four-day surge in stock prices. Apple bucked the slight downward trend, rising $8.50 to $699.78, a new high for the stock market's most valuable company.
Obama, stung by Romney, hits China on tradePresident Obama is expected to bring before the World Trade Organization a case against Chinese autos and auto parts.听China has filed a WTO case against US antidumping measures on kitchen appliances, magnets, paper, and other Chinese goods.
iPhone 5 frenzy sets sales record, causes back ordersiPhone 5 preorders topped 2 million in 24 hours, more than doubling the preorders for the previous iPhone and setting a sales record for AT&T. Because of the overwhelming demand, some iPhone 5 devices won't be delivered until October.
Gas prices, not jobs stats, are key numbers for votersGas prices and grocery bills are more likely to sway voters than the monthly jobs report, economists and pollsters say. Gas prices are nearing $4 per gallon and could be key in deciding the presidential race.
Japanese shops, factories close in China after violenceChinese protests over disputed islands lead to violent attacks on Toyota, Honda dealerships, and other Japanese companies in China. Panasonic, Canon shutter some operations through Tuesday.
Bernanke's bold move: good policy 鈥� or politics?Fed Chairman Ben Bernanke's says economics dictated the central bank's bold actions. But by acting so close to the election, he risks accusations that he's playing politics.
How do you revive Occupy Wall Street? Occupy Wall Street.Occupy Wall Street plans to observe its one-year anniversary Monday by surrounding the New York Stock Exchange. The move is a bid to rejuvenate the Occupy Wall Street movement, which hasn't sustained the momentum it gained last fall.
Automatic budget cuts would be 'deeply destructive'Automatic budget cuts would hit Pentagon with 9 percent reduction, hurting military readiness, and 8 percent cuts in nondefense programs from the FBI to the Border Patrol to air controllers, a new White House report says.
Stocks continue surge after Fed bailoutThe Federal Reserve's announcement of more help for the U.S. economy propelled stocks higher for a second day Friday. Apple led the rise in stock prices, blowing through its own all-time high as it started taking orders for the iPhone 5.
Walmart apologizes after rejecting 9/11 kids' chorusWalmart apologizes after a manager at one of its Florida stores calls kids' chorus a 'liability' and prevents them from singing 'God Bless America' on 9/11. Then the police are called. Walmart apologizes for 'miscommunication' and vows to make it up to kids.听
Eastman Kodak postpones bankruptcy auction on patentsEastman Kodak Co. canceled an auction hearing to sell more than 1,000 patents in an effort to emerge from bankruptcy protection. In a court filing Friday, Eastman Kodak Co. said it won't keep rescheduling the auction.
Bernanke bump: Stocks rise early on Fed actionBernanke's announcement that the Federal Reserve would once again step in to help the lagging economic recovery is sending stocks to one of their best weeks since June. Bernanke and the Fed pledged to spend $40 billion on mortgage bonds to drive down long-term interest rates and push investors into stocks.
Retail sales get a boost from autos, gas pricesRetail sales rose in August because consumers paid higher gas prices and bought more cars and trucks. Retail sales at general merchandise, clothing and electronic stores fell, suggesting that consumers are becoming more selective about spending.
Mitt Romney shifts campaign focus back to the economyMitt Romney is trying to shift the focus of the presidential campaign away from anti-American violence overseas and back to the economy, criticizing actions by the Federal Reserve and President Obama's record with China. Mitt Romney has been sharply criticized in recent days for his comments in the wake of attacks on American officials in Libya.
