A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
U.S. home resales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market.
The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes rose 1.0 last month, to an annual rate of 4.87 million units. Total sales for 2013 were the strongest in seven years.
Economists polled by Reuters had expected home resales to rise to a 4.94 million-unit pace in December.
"For the year as a whole, it's a good recovery," NAR economist Lawrence Yun told reporters. "We lost some momentum toward the end of 2013."
Home resales have been hurt by a sharp rise in mortgage interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.
But other recent indications of the sector's health have brightened as a steady rise in household formation from multi-decade lows props up demand and encourages builders to undertake new development projects.
Yun said two opposing forces are impacting the market: a mismatch of fast-rising prices coupled with weak income growth, which have combined to make home buying less affordable for many Americans.
The median existing home price rose 9.9 percent in December to $198,000 from the same month in 2012.
Prices have risen mainly due to a shortage of properties on the market. The number of homes for sale remains relatively tight, and the inventory of unsold properties on the market dropped 9.3 from the prior month to 1.86 million.