Stocks rose, sending the Standard & Poor’s 500 Index to its biggest three-day gain since March, and Treasuries fell after Greece passed austerity measures and banks rallied as the Federal Reserve relaxed restrictions on debit- card transaction fees. Oil surged, and the dollar dropped.
BusinessWeek.com — Finance
Treasuries rose, holding 10-year yields below 3 percent for a sixth day, while U.S. stocks and the dollar were little changed as investors awaited the Federal Reserve’s outlook for stimulus programs and interest rates.
BusinessWeek.com — Finance
A slowing U.S. economy and falling rates are encouraging investors to use the currency to fund investments in higher-yielding assets
BusinessWeek.com — Finance
Japanese stocks fell as the yen’s gains against the dollar soured exporters’ earnings prospects. Honda Motor Co. dropped after hackers accessed personal data of customers in Canada.
BusinessWeek.com — Finance
Bill Ackman, the founder of Pershing Square Capital Management known for investing in companies to press for changes, said he invested in Family Dollar Stores Inc. because it’s “very reasonably priced” and may be acquired.
BusinessWeek.com — Finance
Australia’s Treasury secretary said the local currency will stay elevated “for some time,” a rise the central bank signaled would help contain inflation spurred by the nation’s biggest mining-investment boom.
BusinessWeek.com — Finance
U.S. stocks slumped, giving the Standard & Poor’s 500 Index its biggest decline since March, as commodities tumbled amid a strengthening dollar and concern that accelerating global inflation may curb economic growth.
BusinessWeek.com — Finance
The euro may have helped European Central Bank President Jean-Claude Trichet decide against a June interest-rate increase, economists said.
BusinessWeek.com — Finance
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