Sales of new U.S. single-family homes rose to a six-year high in September, increasing 0.2 percent, according to the Commerce Department on Friday.» Read More
While the scrapping the floor on lending rates reflects the government's determination to push ahead with reforms, economists say the practical impact would be minimal.
Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.
The secretary general of the Organisation for Economic Co-operation and Development (OECD) told CNBC he is all for the Federal Reserve's move to scale back its $85 billion per month bond buying program.
Detroit has become a pariah of the muni world, but analysts are holding out hope that the nation's largest government bankruptcy isn't contagious.
The Group of 20 nations, wary of renewed market volatility, is stressing the need to shift policy carefully and communicate clearly as countries try to chart a course to recovery.
Detroit's bankruptcy will be painful, but one of the city's largest landowners says the answer is to start over with a clean slate.
China's central bank said that relaxing controls on bank deposit rates is a risky process that needs mature market conditions, so it will be carried out gradually.
Crude continues its runup, reaching for $110 in Friday's session. Here's why this trader is still betting on oil.
A stronger U.S. dollar may sound like a good thing, but it's a major headwind for corporate earnings.
The outcome of the Detroit bankruptcy filing promises to inflict more pain on already-beleaguered city workers, residents, businesses, creditors, and investors.
That shot across the bow you saw fired during the Delivering Alpha conference came from government authorities and was aimed straight at Wall Street.
Ben Bernanke says the Fed's efforts to boost the U.S. economy remain tied to the job market's health and inflation, delivering what could be his final semiannual economic report to Congress.
Factory activity in the mid-Atlantic region expanded in July at its highest pace since March 2011 as employment and shipments picked up.
The number of Americans filing new claims for jobless benefits dropped more than expected last week to its lowest level in four months.
While gasoline could reach a national average of $3.75 per gallon, or even more, analysts do not expect it to top the $3.78 per gallon high for the year that it hit in February.
Who would have thought that the market mover would be Mr. Bernanke's written testimony at 8:30 a.m. ET, and that the Q&A would elicit a yawn?
Federal Reserve Chairman Ben Bernanke said the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the incoming economic data.
Despite an unexpected and substantial fall in new home construction in June, industry analysts appear undeterred in their veritable housing euphoria.
Wednesday may have been a big day for the U.S. Federal Reserve, but it was the Bank of England that turned heads on the other side of the Atlantic.
Applications for U.S. home mortgages fell last week, driven by a decline in demand for refinancing loans as mortgage interest rates remained at a two-year high.
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