U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years.» Read More
Sales of new homes rose to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Initial claims for unemployment benefits dropped 23,000 to a 340,000, pushing back below the mark that economists normally associate with a firming job market.
Have two Pandora's Boxes been opened? Fed Chairman Ben Bernanke's testimony may be one; the IRS scandal may be the other.
U.S. manufacturing activity slowed as weak overseas demand and government belt-tightening at home led to the most sluggish growth rate since October.
As Treasury yields have surged in the month of May, just how much have bond investors lost?
Housing is good but not great and unlikely to be a leading force in a robust recovery, according to a group that is one of the industry's leading voices.
Federal Reserve Chairman Ben Bernanke would not risk a premature withdrawl of the stimlus that has underpinned the U.S. economic recovery, former vice chairman of the Fed Alan Binder told CNBC.
'A number of participants' on the FOMC this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer.
The sales pace is back to what it was in 2005 and 2006, but the circumstances are of course very different. Now it's about stiff competition for limited supply.
U.S. home sales rise slightly to 4.97 million in April, their highest level in 3 1/2 years, as inventories jump.
Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments.
As the Federal Reserve mulls reducing asset purchases, the improved labor market is spurring debate between Fed "hawks" and "doves" over what the right policy decision should be.
Market rallies have to end sometime for sure, but history suggests the current one, despite its seemingly bloated nature, doesn't have to end soon.
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.
What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-crisis highs.
Calls earlier in the year for a "great rotation" into stocks from fixed income may have been a little premature, but Goldman Sachs' replacement for Jim O'Neill says there will be a "gradual rotation".
Thanks to the brightening employment picture and an uptick in the housing market, Americans are packing up and relocating. And the pace is likely to pick up this summer.
Chicago Fed President Charles Evans said the Fed has the appropriate level of monetary accommodation in place to let the reach "escape velocity" next year.
The energy boom in the U.S. is providing a shock absorber of sorts for major oil companies, helping to hedge a strong dollar amid an the increase in domestic production.
Whatever course it chooses, the Fed will have to grapple with the reality that while its policies have helped stocks, they've been less effective at growing the economy.
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