Penny Pritzker, a possible nominee for commerce secretary, has never been comfortable with the title "billionaire." Her wealth could also be an odd fit in the Obama White House.
Automatic government spending cuts due to go into effect March 1 unless Congress acts. The effect of the reductions would slash non-defense programs by 9 percent across the board and defense programs by 13 percent, the White House said.
The Agriculture Department expects the U.S. to end up with more corn than expected, though the country will still have the tightest supplies in well over a decade.
We just got a glimpse of how much power Facebook yields over the Internet.
The storm pounding the Northeast is pushing fuel prices higher, hitting consumers with a one-two punch that may send some of over the financial brink.
The convergence of increasingly accurate weather forecasts and the explosion of the social media channel is super-charging the effect of Winter Storm "Nemo" on the Northeast's economy.
Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.
Nearly 11 million borrowers are underwater on their mortgages, and yet home equity lines of credit are suddenly on the rise again.
Investors can expect future stock buybacks and increased value for AOL shares, said Tim Armstrong, the company's CEO.
The Superdome's power company, New Orleans-based Entergy, took the blame Friday for the Super Bowl blackout. Company officials said the faulty device performed without problem during previous events.
A hacker apparently accessed private photos and emails sent between members of the Bush family, including both former presidents.
U.S. wholesale inventories unexpectedly fell in December as auto dealers and agricultural suppliers drew down their stocks, a negative signal for economic growth.
The U.S. trade deficit shrank in December to its narrowest in nearly three years, suggesting the economy did much better in the fourth quarter than initially estimated.
The migration from the computer screen to a mobile device is turning everything "on its head," Former Yahoo CEO Carol Bartz told CNBC.
McDonald's said that January sales at established hamburger restaurants around the world fell 1.9 percent, as fast-food chains fight hard for diners, who continue to spend cautiously due to lackluster economic growth in most major markets.
Some economists say there are signs it could ease in the next few years as the economy improves, raising hopes for the millions of Americans who have spent months or even years looking for work.
Moody's, which could face a federal lawsuit tied to pre-crisis ratings, reported a 66 percent jump in quarterly profit as it benefited from a wave of debt issues.
At street level, the pain from the expiration of a break in Social Security taxes in 2011 and 2012 is evident.
"It's almost like they don't give a damn," Hollywood legend and Republican supporter Clint Eastwood told CNBC, referring to the gridlock in Washington.
The subprime market for risky mortgage-backed securities is hot again and the chief market strategist at Rosenblatt Securities said, it will end badly.