U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years.» Read More
The bull case for stocks remains intact, despite their worst one-day declines in about seven weeks, Thomas Lee, chief U.S. equity strategist at JPMorgan, tells CNBC.
With multiple investment banks signposting the end of the commodity supercycle, a World Bank director has warned developing countries that have benefited from the surge to protect themselves against a price crash.
Japan's benchmark Nikkei stock index fell to its lowest level in almost six weeks on Monday, raising the specter of a second month of volatility for the world's major equity markets.
The Hindenburg—the stock market version—may not have crashed into Wall Street but it certainly appeared to be circling.
The government reports that Medicare's hospital trust fund will be exhausted in 2026 and that Social Security will exhaust its trust fund in 2033.
Greater optimism over the economic outlook and personal finances in the midst of record stock market prices pushed US consumer sentiment to its highest level in nearly six years.
Business activity in the US Midwest reaccelerated in May after contracting in April as measures of employment and new orders jumped, a report showed on Friday.
Consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity.
Mortgage rates have been bouncing around since the Fed left the door open to early cuts in asset purchases. Here's why you may want to refinance now.
The "check the box" loophole shows how Washington saved money for American corporations and deprived the government of billions in tax revenue.
Goldman Sachs has warned that a widely predicted bond sell-off is finally happening, while a major U.S. asset manager has warned investors to move out of long-duration bonds to avoid heavy losses.
Japan's blue-chip stock index has in May suffered its two sharpest sell-offs for the year and its high volatility is fueling concern about a spill over into other major markets.
California is an alternative energy giant, but is also home to one of the best-kept secrets of the U.S. fossil fuel renaissance – the Monterey shale.
While earnings have grown only modestly over the past few quarters, stock prices have surged, sending what could be a disconcerting message to investors.
Even as the economy keeps chugging along, headwinds from federal budget cuts are expected to blow harder later this year.
The housing market continues to squeak out gains, with signed contracts to buy existing homes up in April, the National Association of Realtors reported.
A drop in government spending dragged more on the economy than initially thought, while more Americans than unexpected filed new claims for unemployment benefits.
Global stocks may have been on a wild ride of late but the world's biggest investment bank has told investors they should continue to buy equities.
With the Fed closer to reducing monetary stimulus, a rise in 10-year Treasury yields has made investors edgy. But it will take something more to kill equities' run-up, pros say.
The bull market in stocks has another five to six years left with the possibility of 8 to 10 percent annual growth, Larry Fink, chairman and CEO of BlackRock, told CNBC.
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