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The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.
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Bloomberg has quietly launched a wealth management company, putting it in competition with its biggest terminal customers.
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Just six months after a heady re-election, President Obama's second-term dreams have collided with second-term reality: scandals and foreign setbacks. The NYT reports.
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"Things are better enough for the Fed to slow the pace of purchasing," Philadelphia Fed President Charles Plosser says.
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Rep. Charles Boustany tells CNBC he's confident Congress will follow the "paper trail" to hold to account those responsible for the IRS' targeting of conservative nonprofit groups.
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Thursday's markets will navigate data on jobs, housing and inflation, but traders may be most interested in something else.
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Dell reported earnings that fell far shy of market forecasts but revenue came in better than expected. Shares were little changed after-hours.
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Feeling lucky? Well, no one won Wednesday night's $360 million Powerball lottery, and the jackpot for Saturday's drawing is soaring.
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The food supply is under siege from a blitz of man-made hazards, from arsenic-laced chicken to dying bee colonies, and some favorites may someday vanish from the plate.
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House of Representatives Speaker John Boehner suggesting jail time over the IRS's targeting of conservative groups for extra scrutiny.
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Thursday's economic reports featured mostly bad news, with housing starts plunging and jobless claims rising while inflation remained under control.
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JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
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The members of the class of 2013 are apprehensive and left to reroute their future due to their exposure to economic uncertainty and high unemployment.
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The Bloomberg uproar highlights the uncertain and rapidly changing ethical landscape facing companies that, like Bloomberg, are reinventing the news business.
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The world's top search engine announced the music streaming service, which has built-in features to help users discover new music, at its annual developers conference in San Francisco.
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US home-builder confidence in the market for single family homes rose in May despite increasing building materials costs, an index showed on Wednesday.
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AIG has refocused on its core businesses of insurance and underwriting, putting the financial crisis in the rear-view mirror, CEO Robert Benmosche tells CNBC.
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The Obama administration's plan to expand natural gas exports makes sense, and its price shouldn't be kept artificially low, T. Boone Pickens told CNBC.
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U.S. industrial production fell by more than expected in April, reflecting a broad decline in factory output and a weather-related decrease in demand for utilities.
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Extended unemployment benefits do not keep people from finding a job, a report showed. But whether extensions help or hurt the jobs picture is far from settled.
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The rally in many of the most heavily shorted names is causing a "worst nightmare" situation for bearish investors and hedge funds alike, said Cramer.
U.S. Video
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Scott Nations helps a Facebook fan bet against Tesla for just $2.25.
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Arthur Laffer, chairman, Laffer Associates, discusses the falling deficit and why some people are saying the deficit is being cut too fast.
