Economy

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  • The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.

  • With housing now in recovery and apartment rents rising, there is new concern that tenants and investors alike will move out of the multi-family space.

  • US consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.

  • Wall Street's stock market mania officially has gone full-throttle as JPMorgan raised its year-end price target for the Standard & Poor's 500 to 1,715.

  • Early Boomers may be on track to retire with enough savings for their golden years, a new Pew study finds. But Gen-Xersare in for a world of hurt.

  • Stocks head into Friday with a weekly gain of 1 percent, but traders are seeing signs of wear as a list of disappointing economic reports stacks up against the market's gains.

  • It would take a perfect storm, but there are worries the current economic boom for farmers could turn into a bust. The issue is how much debt farmers take on.

  • Thursday's economic reports featured mostly bad news, with housing starts plunging and jobless claims rising while inflation remained under control.

  • More Americans say they are less frugal than they were a few years ago. Time to release that pent-up desire to eat out, a survey suggests.

  • France Finance Minister, Pierre Moscovici

    France's fall back into recession is likely to pile more pressure on the country's finance ministry, at a time when infighting has already led one senior politician to fuel rumors that Finance Minister Pierre Moscovici could be replaced.

  • Even as gold prices tumble a tug of war between physical buyers and institutional sellers will put a floor under the precious metal, said analysts.

  • Some market watchers say they are starting to spot something that they haven't seen for a while: sellers moving back into stocks.

  • A woman bids at auction.

    Michael Novogratz of Fortress Investment Group said the art market is "100 percent a bubble," and he predicts it will be the next gold.

  • The 10-year Treasury is facing a huge drop in yield and a flight from risk, one analysis showed.

  • US home-builder confidence in the market for single family homes rose in May despite increasing building materials costs, an index showed on Wednesday.

  • Steve Heiss stands with fellow graduates before participating in commencement ceremonies from the University of Illinois at Urbana-Champaign on May 11, 2013.

    The members of the class of 2013 are apprehensive and left to reroute their future due to their exposure to economic uncertainty and high unemployment.

  • state unemployment--1601994077_v2.jpg

    Extended unemployment benefits do not keep people from finding a job, a report showed. But whether extensions help or hurt the jobs picture is far from settled.

  • A welder builds parts for finished petroleum tanks at Southern Tank and Manufacturing Inc. in Owensboro, Kentucky, U.S.

    U.S. industrial production fell by more than expected in April, reflecting a broad decline in factory output and a weather-related decrease in demand for utilities.

  • Even as stocks extend their mostly uninterrupted path higher, fund managers are holding big amounts of cash, worrying about China and a commodities crash.

  • Recovery Agent or 'repo man' Jeff Grevelding breaks into a vehicle while repossessing it after it's owner fell behind in loan payments.

    Auto repossessions rise due to borrowers defaulting on their auto loans. Has the industry gone too far selling new cars and trucks to those with subprime credit records?

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