The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks fell for a third straight day on Thursday as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
Nancy Pelosi and House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The strengthening of the president's formidable campaign war chest has led his organization, along with the Republican National Committee, to raise over $100 million in the...2020 Electionsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
You can be forgiven for thinking that the global supercar market is running at top speed.
After all, the rich are getting richer, and the population of millionaires and billionaires is hitting new records. It also seems like we see a new $1 million car or a new member of the "200 mph Club" every day. The media is filled with stories of how conspicuous driving is back in style.
But some new numbers reveal a different picture. According to Bentley Motors, the world's sales of cars priced at $200,000 or more actually fell by 6 percent last year.
The main problem: China.
While Bentley, a unit of Volkswagen, doesn't break out industrywide sales in China, it said Bentley's own sales in the country—its second biggest market after the U.S.—fell to 2,191 cars from 2,253 in 2012.
(Read more: Amazing supercar experiences)
Bentley's global sales chief, Kevin Rose, said China's weakness is owed to "misplaced investment decisions, a slowing economy and the migration of high-net-worth individuals from China."
He said he doesn't expect 2014 to be much better. The U.S., on the other hand, had a banner year, with Bentley's own sales up 28 percent from 2012.
(Read more: My test drive of the world's fastest car)
Bentley's overall market share grew 3 percent in 2013 to 25 percent of the supercar segment.
Granted, some top supercar makers—like Ferrari—deliberately sold fewer cars in 2013 to preserve their exclusivity. And the decline could be owed in part to the timing of model launches. The supercar market category includes Porsche, Ferrari, Lamborghini, Maserati, Bugatti, Mercedes and others.
(Read more: Ferrari cuts production: Slump or strength?)
Yet for now, 2014 is shaping up to be the year that America dominates luxury sales—whether it's for Bentleys or Birkin bags or penthouses.
—By CNBC's Robert Frank. Follow him on Twitter .