Adam Posen, president of the Peterson Institute for International Economics, highlights that while Janet Yellen is a strong candidate to succeed Bernanke, there are a number of other people who could do the job.» Read More
At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
The U.S. Federal Reserve could begin cutting back on its massive bond-buying program this summer if the economy continues to pick up steam, a top Fed official said on Wednesday.
The sharp selloff in Dow Transports drives some strategists to wonder if the market may finally see a pullback.
"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
Post-recession Americans are saving more for retirement, but many don't trust the stock market to grow their nest eggs.
A U.S. appeals court revived much of a lawsuit against SAC Capital Advisors founder Steven A. Cohen on Wednesday, brought by his ex-wife.
The maker of Chef Boyardee pastas and Hunt's ketchup reported a 57 percent fall in third-quarter profit, hurt by costs related to its acquisition of Ralcorp.
Zynga will take the plunge into real-money gambling and begin offering poker and casino-style games in Britain in partnership with Bwin.party Digital Entertainment.
Airfares will still be advertised inclusive of mandatory taxes and fees, after the Supreme Court refused a challenge by three airlines. But optional add-on services often leave fliers unable to compare the total price of a ticket.
J.C. Penney's top executives -- the chief executive, chief operating officer and chief talent officer -- received no cash bonuses in 2012, according to an SEC filing.
The growing trend of animal webcam -online video feeds of different animals doing animal things- has gotten the attention of Animal Planet, who see it as an opportunity for advertisers. The New York Times reports.
Australia will force corporate giants to disclose their tax arrangements to curb alleged tax avoidance by multinational corporations.
Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke.
Applications for U.S. home mortgages fell last week, as a decline in refinancing activity offset higher demand for purchase loans, an industry group said on Wednesday.
Last year was a tough one for JC Penney, and now CEO Ron Johnson and other C-suiters are feeling the hit in their paychecks.
Great news for parents and teens alike — the summer-job outlook for teens looks a lot sunnier than last year. BRB, have 2 tell my BFF!
Goldman Sachs is raising up to $600 million for a publicly-traded credit fund that will buy risky loans. What could go wrong?
Jimmy Fallon signed a contract extension with NBC that will keep him at the network. It is understood the deal will include that he will succeed Jay Leno as host of the "Tonight" show at some point. The New York Times reports.
Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.
With its rare apology, Apple went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the power of the government press.