The Federal Reserve is taking steps to fine-tune a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
The Chicago Federal Reserve Bank said Monday its Midwest manufacturing index rose in October to the highest level since February but was steeply down versus a year ago amid weak economic conditions.
It looks like the holidays will be happy at Blue Nile. In an interview on CNBC, Blue Nile President and CEO Diane Irvine said the online jewlery retailer is having its "best post-Thanksgiving ever."
The US Treasury announced plans to push lenders to modify more loans after the administration's $75 billion housing rescue plan, called Making Home Affordable, fell short and foreclosures continued rising.