Shakeup at Embroiled IRS Unit as Lerner Gets Leave
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The stock market has long been the mistress in the marriage between the Fed and the economy. That relationship came further into the open at the most recent Fed meeting,
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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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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.
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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.
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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.
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Facing a deadline in which federal loan rates would double for 7 million college students, the House is ready to pass legislation that links student loan rates to the markets.
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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.
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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?
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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.
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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.
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'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.
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JC Penney said its credit line has been increased to $2.25 billion from $1.75 billion.
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The stock market has long been the mistress in the marriage between the Fed and the economy. That relationship came further into the open at the most recent Fed meeting,
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Three more senior executives at the hedge fund have received subpoenas to testify in the government's probe into alleged insider trading, according to a report.
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A group of retailers, including Macy's and Target, are suing Visa and MasterCard over fees, breaking off from a proposed $7.2 billion settlement reached last year.
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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.
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The trials and triumphs of corporate chieftains are daily blood sport here at CNBC, notes the managing editor of CNBC.com.
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U.S. home sales rise slightly to 4.97 million in April, their highest level in 3 1/2 years, as inventories jump.
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The IRS official at the center of a tax scandal about extra scrutiny of conservative groups asserted her constitutional right not to answer questions.
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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.
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Lois Lerner, the IRS official at the center of the political targeting scandal plans to assert her constitutional right not to answer questions from a congressional committee.
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Are staples still a smart safety play? CNBC contributor Mike Khouw of CRT Capital Group LLC, offers insight.
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Getting oil out of the ground has become increasingly controversial, with CNBC's Jane Wells. Chevron is investing in technology which can help extend the life of century old wells.
