The bank announced plans to buy Eaton Vance, an investment management firm, on Thursday
Too little support would create “unnecessary hardship for households and businesses,” the Fed chair says
America's employers added 661,000 jobs in September, but nearly 10 million jobs remain lost
Computer hardware failed, exchange officials say
The jobless rate rose for a fifth straight month in August
Being comfortable with high valuations may require a nuanced assessment
Fed also announced plan to push inflation above 2% annually
Global GDP is projected to decline by 4.5% this year
The economy's recovery is highly uncertain, the bank's president says
Jane Fraser will be Citigroup's next chief executive