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Stocks plumment but claw back in turbulent day

Fear drove Wall Street to one of its most dramatic, nauseating days in years Wednesday. Investors fled stocks and poured into bonds as worries about a global economic slowdown intensified.
College graduates face a tight, competitive job market employment is the type of field in which students earned a degree.Economists with the Federal Reserve Bank of New York found in January that graduates who majored in technical, specialized areas, like engineering and math...
New York Fed study says a college degree is still a good investment, despite high costs, even after factoring in the cost of higher education, according to a report released Tuesday by The Federal Reserve Bank of New York. The study, by economists Jaison R. Abel and Richard Deitz, also found that a degree is still a good...
Rising student loan debt cause for worry

...mark, rising by $33 billion in the third quarter of 2013, according to a November report released by the Federal Reserve Bank of New York. Delinquency rates for student loans also increased by a percentage point to 11.8 percent, when compared...
Americans cutting back on credit cards

Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending.
US consumer borrowing rises $13.8 billion in June

WASHINGTON - Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt.
US consumer borrowing up $19.6 billion

Ameri­cans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.
Business news

Fed rejects AIG's bid to buy back bad bondsWASHINGTON --- The Federal Reserve Bank of New York has turned down an offer by American International Group to repurchase dodgy mortgage bonds that the Fed had taken off the insurance...
Biz Bits | Business
Fed will allow bond program to end in June

WASHINGTON --- The Federal Reserve is confident in the economy and about to end a $600 billion program to support it. Now for the next step -- figuring out how to keep inflation from taking off.
Mortgage settlement will cost $8.5 billion

Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality, mortgage-backed securities that went sour when the housing market collapsed.