Latest Barclays Capital Items
The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent. But on Thursday, the Dow Jones industrial average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008.
The new chairman of Barclays Bank says he'll undertake a top-to-bottom review of the embattled business, telling a British newspaper that he isn't wedded to any of his predecessor's policies.
The job market eked out another month of modest gains in June as a major slowdown engulfed the U.S. economy. Unemployment was unchanged at 8.2 percent, the Labor Department reported Friday morning.
Barclays Chief Executive Bob Diamond resigned Tuesday, the biggest scalp in a financial markets scandal that has ripped through the bank's senior management and sown the seeds for a new investigation into Britain's banking sector.
President Hugo Chavez's government is likely to spend heavily this year to rev up the economy during his re-election bid, and that could worsen one of Venezuela's biggest problems: 27 percent annual inflation that is already close to the highest in the world.