Federal Reserve Chairman Ben Bernanke

You probably won't make it to President Barack Obama's 50th birthday bash Thursday evening, but you could buy him shares of companies that would help him out. With the United States strapped for cash, first on your list of buys should be shares of Apple (NASDAQ: AAPL). With a total cash reserve of...

In a stark contrast from what Federal Reserve chairmen Ben Bernanke said earlier this month, Kansas City Federal Reserve President Thomas Hoenig said gold is money. In comments that are crossing the wire, Hoenig said, "The dollar fulfills the three functions of money. So does gold." That's a...

Yesterday, gold crossed the $1,600 level and it looks as if there is no stopping the precious metal, considering the debt concerns we have at home and abroad. Many are convinces that $1,600 is the next stop on the way to $2,000 an ounce, and perhaps even $2,500 if things really get out of hand....

Federal Reserve Chairmen Ben Bernanke just hurt the chances of a near term QE3 by saying, "We are not prepared at this point to take further action." Bernanke has said that he is not sure if a third round of QE would even work, given the potential consequences for it, such as higher inflation,...

After Jamie Dimon went on his little tirade in early June, calling out Ben Bernanke and telling the Fed chair not to heavily regulate banks, Dimon and his team at J.P. Morgan (NYSE: JPM) delivered exceptionally strong earnings this morning. This may be the "all-clear" sign that the banking sector...

Dallas Fed President Richard Fisher is putting a damper on things today if you are a bull. He just made comments that crossed the Bloomberg terminal that is putting a wrench in the rally, and has the markets well off their highs. Fisher said that he will not support additional stimulus even if...

Federal Reserve Chairman Ben Bernanke is speaking in front of Congress, and the prepared remarks basically said that QE3 is going to happen if the economy continues to worsen. Make no mistake readers, it does not look like the economy is going to get better anytime soon, and that a third round of...

Set your alarms for August because QE3 is coming. So, are us simpletons really expected to believe that Helicopter Ben is about to be grounded? Even after the Fed said Wednesday that it had trimmed its 2011 and 2012 growth estimates for the U.S. economy, that it projects unemployment to be...

The equity markets have lost their gains, and are starting to roll over as traders digest the fact that we will not see a "QE3" anytime soon, as many had been hoping. Federal Reserve Chairman Ben Bernanke is holding a press conference to discuss the FOMC meeting, and the economic situation with...

Apple Inc. (NASDAQ: AAPL) shares are extending the gains from yesterday, which is one reason the NASDAQ has moved off its lows of the session. The NASDAQ had been down as much as 7 points, but is now only off 3 points as traders await results from the FOMC today. Chairman Ben Bernanke will hold a...

Amid mounting economic data that can only be described as troublesome and growing economic headwinds, Goldman Sachs has pared its second-quarter U.S. GDP forecast to growth of 2%-3%. Goldman added that it expects the world's largest economy to bounce back in the third quarter, but the bank noted...

On Wednesday, the Federal Reserve released its Beige Book, a report on the state of the economy compiled individually by each of the Fed's 12 district banks. In what should be a surprise to exactly no one (at least those that watched Chairman Ben Bernanke's speech on Tuesday), four of the...

Bernanke: Growth Likely to Pick Up In Second Half Of This Year

Federal Reserve Chairman Ben Bernanke is going to speak in just a couple of minutes, and the dollar has strengthened and the equity markets have sharply pared their gains going into the speech. Bernanke is speaking today in Atlanta, and while not much is expected out of the speech, traders are...

Pre-open movers US stock futures are higher this morning, as investors are awaiting a speech by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average surged 58 points to 12,145.00 and futures on the S&P 500 stock index rose 7.50 points to 1,292.50. Nasdaq 100...