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
Arkansas Attorney General Dustin McDaniel has launched an investigation into Exxon Mobil's ruptured crude pipeline. The spill damaged property and forced the evacuations of 22 homes.
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, driven by the housing recovery.
Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the recovery and demand for pickup trucks and sport utility vehicles.
Tax incentives to spur retirement-plan contributions lead only relatively wealthy, well educated Americans to save more, studies show. Automatic contributions work much better.
It doesn't appear that Apple can do anything about its tailspin, CNBC's Jim Cramer says.
New orders for U.S. factory goods rose sharply in February but a gauge of planned business spending slipped, suggesting factory activity continued to expand at a moderate pace.
Despite changes to the alternative minimum tax rules, millions will still have to pay it and the number of obligated taxpayers will keep growing.
President Barack Obama is leaning toward picking Caroline Kennedy to be the next U.S. ambassador to Japan, a source familiar with the process said on Monday.
Nasdaq OMX's $750 million deal to buy the eSpeed platform for trading U.S. Treasurys was a bet the government will keep maxing out the nation's credit card, CEO Robert Greifeld told CNBC.
Is Stephen Schwarzman's Blackstone Group really bidding for Dell? Or is it part of a bizarre, high-stakes charade? The New York Times reports.
An increase in the issuance of high-yielding bonds alongside leverage to purchase this debt has sparked renewed fears of a bubble in the credit markets, with one bank warning investors of the threats involved.
Billionaire investor Carl Icahn has taken a 9.27 percent passive stake in speech recognition and digital imaging software maker Nuance Communications.
Following intense lobbying from the health insurance industry and members of Congress, the U.S. government said it will increase the payment rate for health insurers that offer coverage through the popular Medicare Advantage program.
A popular U.S. visa program for skilled workers is likely to hit its quota within days after its application period opens, triggering a lottery and signaling that companies feel confident about the economy.
Amazon has hired a 20-year Microsoft veteran who most recently worked in its Windows Phone unit, fueling speculation that the online retailer and Kindle maker may be developing a smartphone. The Financial Times reports.
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
The United States has positioned a warship off the Korean coast as a shield against ballistic missile attack as South Korea's new president vowed swift retaliation against a North Korean strike.
There is a high probability that the current uptrend in the S&P 500 index will continue to 1,690, says this chartist.
It's no April Fool's Day joke. Drivers are indeed paying less to fill up their gas tanks than they did a few weeks ago, a month ago, a year ago.
The bulls have been running at a fierce pace but these pros say the correction is coming in the second quarter. Here's why.
Apple and Sam Sung have parted ways. CNBC has learned that Sam Sung hasn’t worked at the giant tech company for months.
The search giant's voice-activated search service, Google Now, is now just as good as Apple's Siri.
President Barack Obama shook hands with Cuban President Raul Castro Tuesday at a memorial service for Nelson Mandela.
Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate short and long-term rates under Greenspan's Fed. There was a high correlation between short and long-term rates before 2003, defends Greenspan.
Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate what is to blame for the housing bubble. Taylor says monetary impulse is a big factor.
Steve McMahon, Democratic Strategist; and Robert Traynham, former Bush-Cheney Senior Advisor, discuss possible splits in Congress the new budget deal may cause.