US Economy

Euro

From Politics & Policy 3:56 pm

Global Losses From Greek Euro Zone Exit Could Reach €1 Trillion

The financial markets appear to have already priced in Greece’s departure from the euro bloc.

US Federal Reserve

From Politics & Policy 2:28 pm

Fed Keeps Bond-Buying Door Open: Minutes

U.S. Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.

Euro

From Economy 1:38 pm

Forex: What Happens If Greece Leaves The Euro?

The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors' risk appetite.

A resident looks at the price of gasoline as she fuels up her car at a gas station in South Beach

From Politics & Policy 1:00 pm

Ethanol In Gasoline Potentially Harmful To Millions Of Engines, Says Report

A new blend of ethanol in gasoline could likely cause billions in damages to millions of engines across the country said a final report released by the Coordinating Research Council on Wednesday.

US Industrial Production

From Economy 10:56 am

US Industrial Production Jumps 1.1% In April - Biggest Gain In More Than A Year

U.S. industrial production posted its fastest growth in over a year in April, boosted by surging output at utilities and a rebound in manufacturing, the Federal Reserve said on Wednesday.

Elderly Greek villager

From Politics & Policy 9:27 am

Greece: Possible Expulsion From Euro Zone Would Raise Questions About ‘European’ Identity

Although Greece is considered the “cradle of Western Civilization,” the nation has had a vastly different history and trajectory from the dominant countries of Western Europe.

US Housing Starts

From Economy 9:07 am

US April Housing Starts Rebound, But Permits Fall

U.S. builders began work on more homes than expected in April, government figures showed on Wednesday. But the data suggested that builders might also be slowing their future construction plans.

Greece

From Politics & Policy 9:03 am

Global Markets Signal Imminent Greek Departure From Euro Zone

Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong's main stock index plunging more than 3 percent, bank runs in Athens and Britain's central bank finalizing contingency plans for a euro zone breakup.

Facebook

From Economy 8:49 am

Huge Demand Prompts Facebook To Sell More Shares In IPO

Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.

From Economy 8:40 am

April US Housing Starts Rise 2.6% - Better Than Expected

Housing starts rose more than expected in April, according to a government report on Wednesday that offered signs of a nascent housing recovery, even though permits for future building fell after touching a 3-1/2 year high the prior month.