Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.
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.
Initial claims for unemployment benefits dropped 23,000 to a 340,000, pushing back below the mark that economists normally associate with a firming job market.
U.S. manufacturing activity slowed as weak overseas demand and government belt-tightening at home led to the most sluggish growth rate since October.
U.S. stock futures point to a sharply lower opening Thursday, following the 7.3 percent sell-off in Japan's Nikkei stock average. Market pros look at what's next.
Housing is good but not great and unlikely to be a leading force in a robust recovery, according to a group that is one of the industry's leading voices.
Even inside JPMorgan Chase, it's a bit of a mystery. Was it the outreach? Or were investors just not that interested in taking power from Dimon?
Following a spate of high-profile security breaches, Twitter has introduced a two-step login and cleared the way for tougher security measures in the future.
Federal Reserve Chairman Ben Bernanke would not risk a premature withdrawl of the stimlus that has underpinned the U.S. economic recovery, former vice chairman of the Fed Alan Binder told CNBC.
JC Penney said its credit line has been increased to $2.25 billion from $1.75 billion.
Stocks and bonds were volatile after Fed Chairman Ben Bernanke discussed how the central bank might wind down its monetary easing policy.
'A number of participants' on the FOMC this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer.
The trials and triumphs of corporate chieftains are daily blood sport here at CNBC, notes the managing editor of CNBC.com.
The new retirement age is getting younger for many Americans who can least afford to retire. African-Americans retire earlier than the general population, despite leaner nest eggs.
If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.
Traders overreact to Federal Reserve Chairman Ben Bernanke's comments. Bernanke, in his Q and A, essentially reiterated what New York Fed President William Dudley said Tuesday: that any change in the flow of bond purchases will depend on data.
Microsoft debuted its long-anticipated next generation Xbox, called the "Xbox One," a device that allows users to switch more easily between entertainment options.
The IRS official at the center of a tax scandal about extra scrutiny of conservative groups asserted her constitutional right not to answer questions.
The Raechel and Jacqueline Houck Safe Rental Car Act of 2013 would ban companies from renting a recalled vehicle until the safety hazard is fixed.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.