Sales of new homes rose to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Don't expect Samsung's new Galaxy smartphone to be a revolutionary mobile device, several analysts said. "I don't think it's a game-changer, it's an evolution," one analyst said.
The Treasury auctioned $13 billion 30-year bonds at the highest auction yield in a year, as stronger U.S. economic data has been weighing on bond prices.
Democrats made a mistake by not going over the "fiscal cliff" because a "grand bargain" would have been easier to achieve, House Minority Whip Steny Hoyer told CNBC.
The Carnival Dream was stuck in a Caribbean port with equipment trouble Thursday, a month after the Triumph was disabled by a fire that stranded thousands.
The number of Americans filing new claims for unemployment benefits fell last week, while producer prices rose by the most in 5 months as gas prices spiked.
One of China's largest private companies is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
A long term bear market is around the corner and will last until 2018, with the Dow losing up to 30 percent of its current value, Kerry Balenthiran, author of "The 17.6 Years Stock Market Cycle", told CNBC.
Acting on the Senate's first budget since President Obama took office, a Democratic-led panel is moving toward party-line approval of a fiscal blueprint that would trim the budget deficit while protecting safety net programs from slashing cuts proposed by Republicans.
The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.
The next major risk for investors is China's "colossal credit bubble, " Marc Faber, editor and publisher of The Gloom, Boom & Doom Report told CNBC on Thursday.