The U.S. Labor Department said Friday that the unemployment rate hit 5.5 percent in May, but does that rate tell the real story?» Read More
On this day in 2007, tech giant Apple first introduced the iPhone, a device the company's co-founder and then-CEO Steve Jobs promised would "reinvent the phone."
"Every once in a while, a revolutionary product comes along that changes everything...Apple's been very fortunate—it's been able to introduce a few of these into the world," he said during his introduction to the product.
Since then, iPhone sales have skyrocketed from about 1.4 million in fiscal 2007 to roughly 150.3 million in fiscal 2013, although the pace of gains has slowed. But as these phone sales took off, sales of Apple's iPod began to cool starting in 2009.
From fiscal year 2007 to 2013, iPod sales have fallen by nearly 49 percent, despite innovations, such as the addition of FaceTime and Siri.
Here is the moment Jobs unveiled his invention to the world.
The energy industry plans to pour more money into America's natural gas infrastructure over the next 12 years—a lot more.
Annual spending on infrastructure dedicated to the gathering, storage and pipeline shipping of natgas in the United States will continue to rise, hitting a staggering $34.5 billion in the year 2022, according to information released Tuesday by the American Petroleum Institute. That's up from an estimated $18.9 billion this year.
API sees spending roughly leveling off in 2023. The industry group's figures do not include natgas investments into railways or marine transport.
The reasons for the massive investment are fairly simple: First, U.S. natural gas production is booming. The United States is now the world's largest natural gas producer, turning out 65 billion cubic feet per day, according to a study from BP.
As the so-called Polar Vortex continues to roll across the U.S. this week, frigid temperatures have snarled traffic both on land and in the air, making for tortuous commutes and lengthy delays.
The swirl of Arctic air brought subzero temperatures to much of the Midwest on Monday, with some wind chills dropping to -40 degrees Fahrenheit or (gasp!) colder.
The blast even challenged Central Park's record low, 6 degrees, which was set in 1896.
JetBlue grounded all its flights into Boston and the New York area late Monday, and more than half the flights at Chicago's O'Hare International Airport were closed as fuel supplies froze, leaving crews unable to fill aircraft tanks, according to the Associated Press.
Siberians and other cold-weather enthusiasts are used to these temperatures, but it's a rare occurrence for the East Coast. In honor of the chill, let's take a look at some key freezing points.
Mars ain't no place to raise a kid, Elton John once said, but Minneapolis isn't a whole lot better at the moment.
A "polar vortex" has much of the US in the grip of a historic cold snap on Monday, and those parts not getting it today will feel it tomorrow.
If you live in the northeastern United States, it's cold today. Historically cold. Cold and snowblown.
New York City canceled school due to weather for the ninth time in 35 years, according to reports, adding to the more than 200 schools across the tri-state area that shut due to weather.
In the Boston area, a snow emergency forced most drivers off the roads and led the state to ask companies to give people the day off.
So how much snow actually fell?
Legal recreational marijuana has come to Colorado, but all of that competition hasn't necessarily driven down prices.
Reports suggest some shops were even raising prices on Wednesday to try to control demand on the first day of legalized sales, as enthusiasts flocked to the state.
(Read more: Pot tourism lights up Colorado)
It was by any measure a record-setting year.
The Dow Jones industrial average rose 26 percent in 2013, its best performance since 1995.
Hollywood had a record year at the box office.
With a final push from the holiday weekend that generated $201.3 million in reported grosses, 2013's total should hit $11 billion, surpassing last year's record-setting $10.8 billion.