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
Dr. Doom says Apple reminds him of Polaroid in the 1970s.
There are scenarios in which the U.S. goes into sustained default, but it's more likely we narrowly avoid disaster and resume the fight in January.
Every time you go to a fast-food restaurant, you have a 1 in 5 chance of being served by a worker who's living in poverty.
There have been many government shutdowns but the one in 1995 was the big one, the superstorm of shutdowns. Here's how it finally ended, Daniel Yergin writes.
The most conventional wisdom in Washington is the idea that America is a divided nation, a country ripped into red and blue factions. But is the idea of two Americas even true?
The Fed won't taper its bond-buying program for three or four months because of the D.C. budget overhang, said David Tepper, founder of Appaloosa Management.
The pace of growth in New York state's manufacturing sector slipped this month to its slowest since May, but business optimism stayed strong.
One of three American economists who won the 2013 economics Nobel Prize on Monday expressed alarm at the rapid rise in global housing prices.
Many firms offer them as a way for job seekers to get back into the workforce, but they do have drawbacks.
The normally immaculate White House kitchen garden now looks more like most gardeners' plots at this time of the year - overgrown.
As lawmakers dither, trading phone calls, insults and the occasional calls for cooperation, they are putting corporate America in limbo.
Black Friday just keeps getting earlier and earlier! Macy's is giving in to the trend and says it will be open on Thanksgiving day.
If the Madoff trustee is successful in suing banks for ignoring warning signs, the liability of financial firms could be enormous in future cases.
Offering a 30-year fixed loan requiring no down payment, the USDA program was designed to help rural families, but it isn't processing any loans.
Erskine Bowles indicated on CNBC that Thursday's deadline set by the Treasury to increase the debt ceiling may be flexible.
The federal government is already running on fumes and the Treasury's best guess is they can make it through Thursday—but no one knows for sure.
After a two-year run in which American equities dominated the investing landscape, the pendulum clearly has begun to swing globally.
Dick Bove thinks gridlocked politicians are asking for a market sell-off.
Though average Americans have no control over whether the U.S. debt ceiling is raised, a default could have a direct impact on their finances.
Senate leaders are closing in on a deal, said one Senate Democrat privy to ongoing negotiations.
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.
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.