U.S. stocks fell, snapping a two-day rally for the Standard & Poor’s 500 Index, as lower-than- forecast data on manufacturing, industrial production and homebuilder confidence added to signs the economy is slowing.
BusinessWeek.com — Finance
Treasury two-year securities rose for an eighth week in their longest winning streak since February 2008 as reports showed U.S. job growth in May was less than a third of what economists forecast and manufacturing slowed.
BusinessWeek.com — Finance
Toronto-Dominion Bank, Canada’s second-largest bank, expects expansion in its U.S. operations will make up for weakness in the Canadian economy, Chief Executive Officer Edmund Clark said.
BusinessWeek.com — Finance
Nouriel Roubini, the economist who predicted the global financial crisis, said stock markets are at the “tipping point” of a correction as economic growth may begin to slow.
BusinessWeek.com — Finance
MCB Bank Ltd., Pakistan’s largest lender by market value, plans to expand overseas and add branches and employees at home even as economic growth slows after the worst floods in the nation’s history.
BusinessWeek.com — Finance
Feed
