US New Home Sales Rise 2.3 Percent to 454,000 for April, Beating Expectations
Top News and Analysis
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U.S. manufacturing activity slowed as weak overseas demand and government belt-tightening at home led to the most sluggish growth rate since October.
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Green Mountain announced it's extending its partnership with Starbucks and delivered earnings that topped expectations. GMCR shares jumped after-hours.
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Electric-car manufacturer Tesla reported its first quarterly profit, handily beating expectations. Shares surged after-hours.
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Groupon's revenue beat expectations as the company's main daily deals business in North America turned in a strong performance. Shares rose after-hours.
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Just a quarter of the corn crop normally planted by this time of year is in the ground, but this could still be a bumper crop if the weather cooperates.
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CNBC's Kate Kelly shares highlights from the SOHN Conference. Paul Singer shared a pessimistic world view, and Kyle Bass gave an update on the Bank of Japan.
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Microsoft on Wednesday named Amy Hood, head of finance of its Office division, as its CFO taking over from Peter Klein, who announced his departure in April.
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Massive liquidity, an ongoing search for yield, modestly higher corporate earnings, heavy stock buybacks, and the Fed's bond-buying program is fueling stocks to new highs. This is constricting supply.
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Now that the Dow has cracked 15,000, the argument for "sell in May" may be getting weaker. "It's not based on anything but seasonality and phrases," says one trader.
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One major legacy of Wall Street's four-year rally will be that it came while the economy and Main Street lagged. For that reason, two market experts said, the bull run has to be viewed through somewhat jaded eyes.
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Hedge funds are likely to double their returns this year, but that amounts to only one-third the stock market's performance.
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The Marcellus Shale, a 600-mile formation brimming with natural gas, is becoming a major asset in the U.S. energy boom.
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Activision Blizzard warned investors that it expects a challenging second-half of the year. Shares tumbled.
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JPMorgan faces possible action by regulators due to a cited confidential document that found evidence of manipulated trading in the California and Michigan electricity Markets.
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MBIA has settled with Societe Generale for $350 million, reports CNBC's Kate Kelly.
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Politicians in Washington are holding back the US economy and job growth can't reach its full potential until Congress gets its act together, said Richard Fisher, president of the Dallas Fed.
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Stocks aren't in bubble territory as yet, but a "huge rally in risk assets" over the next two years puts markets in danger of a big crash, Nouriel Roubini said.
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Testifying before Congress did little to help him lure clients, Josh Birnbaum says.
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The San Francisco 49ers and Levi Strauss have reached an agreement for a $220 million, 20-year naming rights deal for the team's future stadium in Santa Clara, Calif.
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Taxes paid by the top earners are putting the U.S. back in the black, according to the Congressional Budget Office.
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Recently published health care figures from the federal government confirm what health advocates have been screaming about for years: charges vary enormously, NBC News reports.
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Editor's Picks
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If it sounds like Bernanke was dancing in his testimony, it's because he's doing figure eights, trying to signal the Fed's direction.
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The unexpected contraction in China's factory activity in May has heightened the risk of a further slowdown in the second quarter.
Big Data Download
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Home Building Comeback Favors One Region of the US
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Analyst on HP: ‘We Don’t Like the Stock Here’
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Tornadoes Quickly Turn Tide for Insurers
Executive Edge
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The Fed sends a mixed message to the markets; stingy millionaires; immigration reform inches ahead.
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Apple CEO Tim Cook faces Congress; multibillion-dollar Oklahoma tornado damage.
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Yahoo's bold bet on Tumblr, Dallas Fed President Richard Fisher on easing, SAC Capital talks with government fall apart.
Off the Cuff
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Zaha Hadid: You Don’t Have to Be Polite to Succeed
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Super-Chef Batali: Here’s How I Built My Brand
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Matt Ryan, the Atlanta Falcons quarterback is expected to become the NFL’s next $100 million player.
Politics
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The House is ready to pass legislation that links college student loan rates to the financial markets.
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The House of Representatives approved a bill as expected on Wednesday to force approval of Keystone XL oil pipeline.
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The Fed could begin slowing its efforts to maintain record-low long-term interest rates as early as summer.