Rescuers desperately search for survivors in the rubble of flattened communities a day after a 2-mile-wide tornado carved a path of destruction in Oklahoma.
Abnormally cold weather curbs consumer demand for spring goods and apparel, but some companies, including drug chains and dollar stores, are benefiting from the spring’s delay.
Big business and big labor have settled on a framework for an immigration overhaul. Now, the lawmakers need to resolve the nitty-gritty—and keep their parties' political flanks mollified.
U.S. consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline prices.
New orders for U.S. factory goods rose sharply in February but a gauge of planned business spending slipped, suggesting factory activity continued to expand at a moderate pace.
Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the recovery and demand for pickup trucks and sport utility vehicles.
Major U.S. business and labor groups have reached an agreement on a guest-worker program that removes a major hurdle to a broad immigration overhaul and clears the way for Senate legislation to be introduced soon, according to a source.
A popular U.S. visa program for skilled workers is likely to hit its quota within days after its application period opens, triggering a lottery and signaling that companies feel confident about the economy.
Sentiment among Japanese manufacturers improved for the first time in three quarters, according to the Bank of Japan's key economic indicator, the Tankan survey.
The stock market is likely to see its typical, seasonal pullback in the second quarter, but unlike previous years, more bullish strategists expect a significantly higher end-of-year finale.
As fears grow that the Cyprus crisis could spread to other parts of the euro zone, renowned investor Mark Mobius says that a default is the only way to solve the single-currency bloc's problems.
Europe's financial crisis is costing lives, with suicides and infectious diseases on the rise, yet politicians are not addressing the problem, health experts say.
US consumer confidence tumbled in March as Americans turned more pessimistic about economic prospects in the short term, according to a private sector report released on Tuesday.