Japan's Monetary Policy a 'Big Experiment'
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'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.
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President Barack Obama said on Sunday more tax revenue would be needed to reduce the U.S. deficit and signaled he would push hard to get rid of loopholes such as the "carried interest" tax break enjoyed by private equity and hedge fund managers.
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Americans in their 50s and early 60s lost the most earnings power of any group, researchers say, and those who lost their jobs have had the hardest time finding new ones.
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A rough couple of months in the U.S. bond market has lifted interest rates off record lows and now could impede a slow economic recovery heavily dependent on cheap money to keep going.
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Two U.S. pension funds filed a lawsuit against BlackRock, alleging that the world's biggest asset manager had "looted" securities-lending revenues from iShares exchange-traded funds investors, and breached its fiduciary duties.
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The head of a key pan-European industry group has sharply criticized intensifying pressure from US lobbyists on behalf of Google and Facebook to relax EU privacy laws to suit Silicon Valley businesses.
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Chrysler's Jeep ad featuring a patriotic salute to U.S. troops and narration by Oprah Winfrey, an Oreo ad asking viewers to vote cookie or creme, and a scantily clad male Calvin Klein model were among standout commercials during a Super Bowl that suffered a half-hour partial blackout delay on Sunday.
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Blackstone, one of the world's largest alternative asset managers, has quietly secured a securities underwriting licence as its expanding capital markets operation strays into investment banking territory.
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With 82 percent of all directly owned stocks in the United States in the hands of the wealthiest five percent of Americans, the gains from the recent stock market surge will go almost entirely to those who are already rich.
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Payrolls rose 157,000 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Fed's monetary policy.
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U.S. consumer sentiment unexpectedly improved in January as Americans felt Washington's deal to avert the "fiscal cliff" at the beginning of the year boded well for the economy, a new survey showed.
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A new report shows non-network providers are charging insured patients outrageous out-of-network fees. Doctors fault insurers for reimbursing doctors at far lower rates than before.
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The Obama administration is offering a compromise on new Obamacare rules that would allow religious employers to exclude contraceptives from health insurance for employees, but would still guarantee those employees access to free coverage for birth control.
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Chicken wing prices have spiked, making this year's Super Bowl parties more expensive than last year. Maybe it's time to serve bacon instead of wings!
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Energy Secretary Steven Chu, the Nobel-winning physicist who survived the uproar after the solar energy company Solyndra went bankrupt, is stepping down.
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If Congress can't agree on a deficit-reduction plan soon, vacationers heading to the country's national parks this spring and summer could find reduced staffs, shorter visiting hours and even closings.
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Travelers has been raising insurance premiums for three years because of severe weather patterns, said Chairman and CEO Jay Fishman told CNBC.
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In a positive sign for the economy, a new report showed that the pace of growth in the U.S. manufacturing sector picked up while a separate report showed that construction spending rose last month.
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The Dow Jones Industrial Average hit 14,000 for the first time since 2007, but where the blue-chip average goes from here is far from certain. The market needs the Fed to continue its bond-buying program, but eventually it will need to break free from that support if the gains are to be sustained.
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The second-largest drugmaker in the U.S. said it earned 46 cents per share, compared with 49 cents per share in the same period a year ago.
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Last year, Nike paid $1.1 billion to clothe the NFL for the next five years. If it goes well, some analysts estimate it could mean half a billion in revenue for each of those five years. However, the first year has not been without hiccups.
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President Obama will meet with families affected by the Tornado in Oklahoma on Sunday. Sen. Tom Coburn (R-OK) shares his appreciation for the leadership in his state that has risen midst tragedy.
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Gov. Tom Corbett (R-PA) and Austan Goolsbee, Chicago Booth School of Business, discuss the energy boom and the economic recovery in the U.S.
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IRS director of tax exempt organizations Lois Lerner invoked her 5th Amendment rights and was dismissed from the hearing today. Gov. Tom Corbett (R-PA); Joseph diGenova, Former U.S. Attorney; and Austan Gooslbee, Chicago Booth School of Business, discuss.