The new Fed chair faces the challenge to either resist or go along with conventional wisdom to hold the line on interest rates.» Read More
U.K. GDP grew 0.3 percent in the first quarter of 2013 but analysts warned that the economy will struggle in the months ahead.
The U.K. economy grew more than expected in the first quarter and George Osborne pointed to signs of healing. But three charts show why the U.K.'s austerity plan is so controversial and why many argue it isn't working.
Italy's political deadlock may be over after the country's President nominated center-left politician Enrico Letta as prime minister on Wednesday. He has already signaled that Italy could now turn away from austerity.
The Bank of Japan meets on Friday for the first time after it made a radical shift in policy earlier this month and markets are now watching for central bank governor Harukiko Kuroda's next move.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Homes built without ready buyers were all the rage for builders during the housing boom, before demand disappeared. Now they're coming back.
If not for the Fed's cheap money, spending cuts likely would be having a larger impact on economic growth, hiring, business spending and consumer sentiment. NBC News.
Millions of people who can't find a full-time job are taking anything that pays them under the table, and in turn are helping to boost consumption, say analysts.
Flight delays from air traffic controller furloughs may seem like the start of the predicted doom of sequestration. But many have already felt the pain of mandated budget cuts.
Orders for long-lasting manufactured goods recorded their biggest drop in seven months and a gauge of planned business spending rose modestly, adding to signs of a slowdown.
Applications for home mortgages edged up last week as rates fell for the fifth week in a row, data from an industry group showed.
In a move that would capitalize on provisions under President Barack Obama's health care law, Washington state lawmakers have found a creative way to pass a large chunk of their health care expenses along to Washington, D.C.
A news agency tweet, that turned out to be fake about explosions at the White House injuring President Obama, sent markets on a round trip roller coaster ride.
Apple shares turned lower in the after-hours after earnings beat and the firm doubled the amount of cash it will return to shareholders. But its outlook fell short.
Austerity's intellectual underpinnings have fallen apart, but deficit hawks still claim that debt slows growth.
Yum Brands beat on earnings, while revenue was just shy of forecasts. Shares rose after-hours.
A regulatory filing on behalf of Suffolk County shows it missed an interest payment on some of its debt, putting the county technically in default.
In at least a roundabout way, Apple's precipitous and rapid fall has been the stock market's gain.
Teaching people how to code could be a catalyst for the economy, said Zac Sims, co-founder and CEO of Codeacademy.
Sales of new U.S. single-family homes rose in March, indicating the housing market recovery remains on track.
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