With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?» Read More
U.S. builders broke ground on fewer houses in November as super storm Sandy slowed building in the Northeast.
U.S. cigarette makers including Philip Morris U.S.A. and R.J. Reynolds Tobacco said on Tuesday they reached a settlement with 17 states in a dispute over the amount of payments they are required to make under the 1998 anti-smoking agreement.
General Motors will spend $5.5 billion to buy back 200 million shares from the federal government.
President Barack Obama and House Speaker John Boehner are close to a deal that could help the U.S. economy see a "real recovery", Silver Lake Partners Co-Founder Glenn Hutchins told CNBC.
China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the U.S. economy four years ago.
The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
Former prime minister Silvio Berlusconi said on Tuesday Italy would be forced to leave the euro zone unless the European Central Bank gets more powers to ensure lower borrowing costs.
South African President Jacob Zuma has kicked off five days of discussions over the country's economy, including the possible introduction of a mining tax and greater state intervention in the sector.
The daughter of a former military ruler took a commanding lead in South Korea's presidential election on Wednesday, putting her on track to become the country's first woman head of state.
Washington thinks a resolution of the tense debate over the national debt will unlock a burst of economic growth. However, evidence for this belief is far from clear.
President Obama and House Speaker John Boehner pressed ahead on trying to avert the "fiscal cliff" after the White House rejected a narrow GOP plan on taxes.
President Obama's latest "Fiscal Cliff" proposal calls for a permanent cap on the AMT, though it doesn't offer specifics on income levels and Republicans have yet to respond.
Republican Senator Bob Corker told CNBC on Tuesday that he does not think a deal to avoid the "fiscal cliff" will be reached by the end of this week.
A professor at the Tuck School of Business at Dartmouth calls Congress "dysfunctional" and says the "adults in the room" need to stand up and end the fiscal cliff uncertainty.
President Obama's latest "fiscal cliff" offer does not move the goalposts closer in negotiations, former Bush economic adviser Lawrence Lindsey told CNBC.
Unburdened by re-election worries and empowered by law to act without Congress, U.S. President Barack Obama could take action to restrict guns.
Political intrigue in Rome is keeping investors, economists and even politicians guessing over who will actually run in Italy's 2013 elections and why.
The Bank of Japan will consider no later than January whether to adopt a 2 percent inflation target, in response to calls from next Prime Minister Shinzo Abe for stronger efforts to beat deflation.
The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.
For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.