Fed to continue stimulus

Fed gives no indication that it will curtail its $85 billion a month in U.S. bond purchases.

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Santelli's Midday Bond Report

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Photos: Rare Painting Sold for $21M

A rare Expressionist painting by Wassily Kandinsky, "Studie zu Improvisation 3, 1909", was auctioned for $21,157,438 or £13,501,875, on June 18 in London by Christie's. It was the most expensive item sold of 44 lots in the "Impressionist and Modern Art Evening Sale". It belongs to Kandinsky's "revolutionary series of paintings, started earlier that year, known as 'Improvisations', which mark his f

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A $50 Movie Ticket? Theaters Try Selling a Supersized ‘Mega Ticket’

People complain that $50 is too steep of a price to bring a family of four to the movies. Yet this week theaters are seeing how many fans will pay $50 per person for a package that includes admission to the new Brad Pitt film, “World War Z,” two days before the worldwide release. The special “World War Z” Mega Ticket includes a single 3-D admission to the movie on June 19, two days before the offi

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Fed keeps buying bonds, but sees economic risks easing

WASHINGTON (Reuters) - The Federal Reserve on Wednesday said risks to the outlook for the U.S. economy and job market had eased since last fall, but it said it would keep buying $85 billion in bonds per month given the still-high level of unemployment.

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