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.
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.
Facing a deadline in which federal loan rates would double for 7 million college students, the House is ready to pass legislation that links student loan rates to the markets.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
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.
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.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
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.
As the Federal Reserve mulls reducing asset purchases, the improved labor market is spurring debate between Fed "hawks" and "doves" over what the right policy decision should be.
'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.
Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move jurisdictions to lighten their tax burden.
Continuing claims fall to lowest level since March 2008, with Jim Iuorio, TJM Institutional Services; Robert Nardelli, Cerberus Capital; and CNBC's Rick Santelli.