U.S. News


  • Gap Earnings and Revenue Top Expectations Thursday, 23 May 2013 | 4:24 PM ET

    Clothing-store chain Gap delivered earnings and revenue that beat Wall Street expectations, an encouraging sign for the recovering retail sector.

  • Three More SAC Executives Are Subpoenaed: Report Thursday, 23 May 2013 | 1:02 PM ET
    SAC Capital Advisors

    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.

  • Large Retailers Sue Visa, MasterCard Over Fees Thursday, 23 May 2013 | 12:52 PM ET

    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.

  • Wagging the Dog: Why the Fed Fears Wall Street Thursday, 23 May 2013 | 12:42 PM ET
    Ben Bernanke, chairman of the Federal Reserve.

    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,

  • Record High New Home Prices Have Room to Grow Thursday, 23 May 2013 | 12:00 PM ET

    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.

  • US New Home Sales Rise; Mortgage Rate Ticks Up Thursday, 23 May 2013 | 10:01 AM ET

    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.

  • Jobless Claims Get Better, but Remain at High Level Thursday, 23 May 2013 | 9:36 AM ET
    People looking for work stand in line to apply for a job during a job fair in Miami on May 2.

    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.

  • US Manufacturing Growth Slips to Seven-Month Low Thursday, 23 May 2013 | 9:01 AM ET
    Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.

    U.S. manufacturing activity slowed as weak overseas demand and government belt-tightening at home led to the most sluggish growth rate since October.

  • Does Asia Slump Signal US Bump or Correction? Thursday, 23 May 2013 | 8:54 AM ET

    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.

  • Why Housing Won't Drive the Recovery Thursday, 23 May 2013 | 7:21 AM ET

    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.

  • Even at JPMorgan, Jamie Dimon's Win Is Mysterious Thursday, 23 May 2013 | 7:17 AM ET

    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?

  • Twitter Ups Security to Prevent Further Hacking Thursday, 23 May 2013 | 6:48 AM ET

    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.

  • Forget Fed Hawks, Focus on Bernanke: Alan Blinder Wednesday, 22 May 2013 | 10:56 PM ET
    Federal Reserve Board Chairman Ben Bernanke

    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.

  • JC Penney Gets $500 Million Credit Line Increase Wednesday, 22 May 2013 | 4:12 PM ET

    JC Penney said its credit line has been increased to $2.25 billion from $1.75 billion.

  • Bond Yields Climb, Stocks Fall on Fed 'Taper' Comments Wednesday, 22 May 2013 | 3:52 PM ET
    Federal Reserve Board Chairman Ben Bernanke

    Stocks and bonds were volatile after Fed Chairman Ben Bernanke discussed how the central bank might wind down its monetary easing policy.

  • Fed Mulls Tapering as Soon as June: Minutes Wednesday, 22 May 2013 | 2:00 PM ET

    '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.

  • Teflon Dimon, Unflappable Cook ... CEOs on a Roll Wednesday, 22 May 2013 | 1:31 PM ET

    The trials and triumphs of corporate chieftains are daily blood sport here at CNBC, notes the managing editor of CNBC.com.

  • African-Americans Retire Earlier, With Less Money Wednesday, 22 May 2013 | 12:43 PM ET

    The new retirement age is getting younger for many Americans who can least afford to retire. African-Americans retire earlier than the general population, despite leaner nest eggs.

  • Bernanke's 'Figure Eight' on QE Wednesday, 22 May 2013 | 12:03 PM ET
    Federal Reserve Board Chairman Ben Bernanke

    If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.

  • Pisani: Traders Overreact to Bernanke's Testimony Wednesday, 22 May 2013 | 11:43 AM ET
    Ben Bernanke

    Traders overreact to Federal Reserve Chairman Ben Bernanke's comments. Bernanke, in his Q and A, essentially reiterated what New York Fed President William Dudley said Tuesday: that any change in the flow of bond purchases will depend on data.

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