CEO Brian Moynihan said the bank faces up to an additional $9 billion in costs related to the financial crisis and mortgages beyond its reserves.» Read More
U.S. car companies are reveling in their strongest monthly sales in about five years. The housing market is rebounding. But overall economic growth is feeble at best.
You wouldn't know it from looking at all of the glass towers going up across Manhattan, but the city is running out of penthouses and other ultra-luxury apartments, and what's on the market may be overpriced.
The head of the New York Fed said asset purchases could increase from those Chairman Ben Bernanke outlined if the labor market and economic growth lagged the central bank's expectations.
Manhattan may be an island, but it is not unto itself when it comes to the issues now plaguing the United States real estate market.
U.S. buyers snapped up new cars and trucks in June at a pace not seen since before the recession. Continuing demand for big pickups helped boost sales for Detroit's automakers.
New orders for US factory goods rose for a second straight month in May, adding to tentative signs of stabilization in manufacturing after a recent slowdown.
U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.
The Federal Reserve Board is ratcheting up the amount of capital U.S. banks will need to hold. In a final draft rule that the Fed will vote on in an open meeting today.
Hovnanian Enterprises' CEO Ara Hovnanian expressed little concern over what impact an end to the Federal Reserve's bond-buying program might have on mortgage rates.
The IRS has informed Tyco that it has disallowed roughly $2.86 billion in interest and deductions recognized by the company in its U.S. returns for 1997-2000.
Apple plans to build a solar farm with NV Energy in Reno, Nev., a step towards its goal of having its data centers run on renewable energy.
It's time for the free market to play a greater role in U.S. higher education, argues Kudlow Report producer Jake Novak.
Large U.S. investment banks are said to be eyeing the launch of hedge funds for retail investors with investments as low as $1,000.
Congress failed to reach a deal on student loans. Some federal student loans doubled to nearly 7 percent. Here are some points to consider about the student loan rate increase.
Dell's special board committee said it welcomes the new proposal from the billionaire investor, who has lined up $5.2 billion to back up his bid for a leveraged recapitalization.
Microsoft's entertainment head, Don Mattrick, is leaving the company to join struggling games publisher Zynga as its chief executive.
Obamacare is supposed to be inclusive but there are loopholes, and some small-business owners are at risk for winding up falling into the gaps in health-care coverage.
Sen. Bernard Sanders, I-Vt., called a student loan rate increase "absurd" and proposed a rate freeze.
As companies issue payroll cards, a growing number of American workers are confronting a frustrating predicament on payday. As the New York Times reports, to get their wages, they must first pay a fee.
The Southwest saw soaring temperatures on Sunday, with Las Vegas tying an all-time high of 117 degrees and other areas coming close to record temperatures.
Apple and Sam Sung have parted ways. CNBC has learned that Sam Sung hasn’t worked at the giant tech company for months.
The Chinese pianist Lang Lang learned to love classical music from Tom and Jerry.
The search giant's voice-activated search service, Google Now, is now just as good as Apple's Siri.
Scott Adams, Dilbert creator, discusses the inspiration for his new book, and shares his thoughts on the upside of failure and why "passion" is overrated.
CNBC's Michelle Caruso-Cabrera takes a look inside the Russia Direct Investment Fund with CEO Kirill Dmitriev, and discusses investing in his home country and problems associated with infrastructure construction there.
Drew Matus, UBS, and Jeffrey Saut, Raymond James, provide their thoughts on where the markets go from here as the Fed begins to consider exiting its asset buying program next year.