JPMorgan Chase and Wells Fargo reported higher profits, after a quarter in which interest rates rose sharply.
The Labor Department's latest jobs report shows 195,000 jobs added to the economy, and unemployment steady at 7.6 percent.
U.S. mortgage rates jump to their highest level since July 2011, following comments from Federal Reserve chairman Ben Bernanke.
The Fed chairman spoke about quantitative easing on Wednesday, and the possibility of tapering, and the markets reacted.
The ten-year T-note is above two percent, but some are concerned this might mean the end of quantitative easing in the near future.
The May jobs report showed increased hiring, but with a few caveats.
The Weekly Wrap covers the ups and downs of the past week in economic news.
Federal Reserve's Ben Bernanke is cautiously optimistic.
Check out weekend reading picks (not about the IRS scandal) from our Weekly Wrap.
Fannie Mae's paying $50 billion in dividends, so between that and the sequester, are our debt limit problems over?
