Topic: Northern Trust Corporation

Top galleries, list articles, quizzes

What can be done to create jobs? Six leading ideas.

The job market has shown some very welcome signs of improvement lately, but it still has a long way to go before approaching something Americans would call normal. Here’s a look at some of the proposed solutions out there.

All Content

Stocks climb, breaking losing streak

Apple stock soared, helping propel major US stock indexes to gains after a solid week of losses. The Dow Jones rose 135 points to close at 12504.
JPMorgan Chase trading fiasco: What to do about big banks?

JPMorgan's loss of $2 billion shows that the forces that unleashed the recession remain partially untamed – and that Congress is still struggling to get a handle on the solution.
'Fiscal cliff' threatens economy on Dec. 31, Bernanke warns Congress

At year-end, a range of tax cuts are set to expire, potentially dampening consumer spending. Fed Chairman Ben Bernanke said Wednesday there's not much he can do if Congress doesn't act.
What can be done to create jobs? Six leading ideas.

The job market has shown some very welcome signs of improvement lately, but it still has a long way to go before approaching something Americans would call normal. Here’s a look at some of the proposed solutions out there.
Strong housing report boosts stocks

The Dow and the S&P 500 had their highset closing numbers since July, propelled by a surprisingly strong report on the housing market and the possibility of more money for the International Monetary Fund. The Dow rose 96 points to close at 12578, and the S&P gained 14 points to end the day at 1308.
Would Obama's jobs plan help avoid a recession?

Economists from 28 firms offered estimates about the jobs plan to Bloomberg News. They disagreed on how effective it would be – and the cost could be high.
US reaches debt limit: What comes next?

US government has reached the debt limit set by Congress, Treasury's Tim Geithner said Monday. Treasury has ways to keep paying the nation's bills until August. All eyes are now on Congress.
Consumer spending hits four-year high thanks to holiday splurge

In the last three months of 2010 consumer spending reached its highest rate since early 2006. Spending should cool a bit, but the report is a positive sign for the economic recovery.
Don't understand the economy? It's not your fault.

Even economists don't fully understand the complicated global economy..
The barely discernable economic recovery: What happened?

The US is no longer in a recession, most economists say. But the economic recovery has slowed due to cautious attitudes among consumers and businesses, among other factors.
Mortgage rates at record lows: Refinances are up. Sales are not.

Mortgage rates at 4.4 percent could bring new wave of refinancing, easing some strain on family budgets. Low rates also make homebuying more attractive. The catch: All this is if you qualify.
Dow index falls as big banks make money but not new loans

Two commercial big banks – Citigroup and Bank of America – reported earnings Friday. Yet their stock prices fell, in part because of a slow business climate in which loan portfolios are shrinking.
Smart investing: Is it time to buy gold?

Gold doesn't pay interest or offer dividends, but investors have flocked to bullion in the last decade as stocks have tumbled. Is it the right time for you to buy gold?
Obama commission won’t cut deficits. Congress will.

President Obama has created a National Commission on Fiscal Responsibility and Reform to help balance the federal budget by 2015. But few are optimistic about its ability to make substantial cuts.
As US looks outward, world economic scene improves

As American businesses look globally for profit, they see glimmers of financial improvement.
Ten predictions for the 2010 economy

Will consumer spending move up and jobs grow apace in 2010? The answer depends on the economist you ask. A round up of the top predictions for the economy next year.
Why community banks need Obama, and he needs them

President Obama met with 12 community bankers Tuesday in a bid to spur lending to small businesses. They were looking for action from him, as well.
Geithner: Jobs can't flow without bank loans for small businesses

US 'is committed to doing more' to help expedite flow of bank loans to America's small businesses, Treasury Secretary Geithner pledged Wednesday.
Small business: tight credit makes job creation tough

The economy appears to be turning around, but small business owners say job creation won’t resume until consumers start spending again and credit becomes more available.
GDP report: Economy grows after a year of contraction

US economy grew 3.5 percent in the third quarter, according to GDP report. But it will be months before the economy adds jobs, economists forecast.
Extending home-buyer credit: another clunker?

Congress wants to extend the $8,000 home-buyer credit. Critics say it's not that helpful and mostly benefits home sellers.
History's lesson: No recovery without consumer spending

Since the 1930s, consumers have been key to lifting America out of a downturn.
Consumer confidence falls unexpectedly in August

The fewest consumers in six decades say their own finances are improving.
ECONOMIC SCENE: Will Fed’s stimulus send inflation soaring?

The central bank says it will pull back when the US recovers, but the timing is tricky.
Stimulus: Can it work like Roosevelt's New Deal?

Why government spending plus easy money could pull US out of recession by year's end.