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And welcome. We begin tonight with records on wall street. Lots of them. And the woman who made them happen. Blue chip dow index, the s p 500, the small cap russell 2000 make new highs today. The nasdaq has its third highest close ever and it was all because of one person. The Federal Reserve chair janet yellin. In testimony today on capitol hill yellin didnt say too much about future rate hikes but didnt say too little. The markets interpreted as what she did say just enough to keep the door open for a later than mid Year Interest Rate ride. She made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. With that the Dow Jones Industrial average closed in record territory with a gain of 92 points and 18,209. Nasdaq rose 7 points tenth straight gain there. I ....
We begin tonight with records on wall street. Lots of them. And the woman who made them happen. Blue chip dow index, the s p 500, the small cap russell 2000 make new highs today. The nasdaq has its third highest close ever and it was all because of one person. The Federal Reserve chair janet yellin. In testimony today on capitol hill yellin didnt say too much about future rate hikes but didnt say too little. The markets interpreted as what she did say just enough to keep the door open for a later than mid Year Interest Rate ride. She made it clear the central bank will consider rate hikes on a meeting by meeting basis but she made no promises. With that the Dow Jones Industrial average closed in record territory with a gain of 92 points and 18,209. Nasdaq rose 7 points tenth straight gain there. Its strongest ....
Compete with the big boys. We have that and a whole lot more on nightly Business Report for this february 25th. Good evening, everyone, and welcome. After months of punishing snow storms and bonerattling temperatures across much of the nation, a lot of people along with retailers, real estate agents, auto materials and just about everyone else seem to have bad case of spring fever. With the First Official day of spring three weeks away were getting now some hard numbers on the weathers toll on the economy. Specifically its toll on two of the nations biggest store chains and the price its exacting on the Housing Market. We start today with a read on how economy is doing right now after home depot and macys both saw profits rise last quarter but still felt the sting of bad weather in the form of weaker than expected sales ....
Insurance startup is trying to compete with the big boys. We have that and a whole lot more on nightly Business Report for this february 25th. Good evening, everyone, and welcome. After months of punishing snow storms and bonerattling temperatures across much of the nation, a lot of people along with retailers, real estate agents, auto materials and just about everyone else seem to have bad case of spring fever. With the First Official day of spring three weeks away were getting now some hard numbers on the weathers toll on the economy. Specifically its toll on two of the nations biggest store chains and the price its exacting on the Housing Market. We start today with a read on how economy is doing right now after home depot and macys both saw profits rise last quarter but still felt the sting of bad weather in the for ....
Any Federal Reserve chairman in the postwar period, or at least one of the best about 2 average inflation. So we have worked on both sides of the mandate, and were trying to achieve a stronger economy for everybody. Reporter and for now, at least, markets believe bernanke can keep his inflationfighting streak alive. That is something that is worth pointing out to the critics that say the fed is creating all sorts of inflation pressures. For the moment, there is no evidence of that. He was in very firm territory in making that point. Reporter bernanke was firm in making another point. He called on congress and the president to replace the immediate sequester spending cuts with a more gradual reduction in the deficit. But it doesnt appear anyone in washington is ready to take his advice. Darren gersh, nbr, washington. Tom michael farr is the president of Wealth Management f ....