New orders for long-lasting U.S. manufactured goods fell unexpectedly in June, weighed down by weak receipts for transportation equipment, a government report showed on Wednesday.
Stocks dropped for a third straight day on Wednesday, with the Nasdaq off 2 percent, as a political deadlock over the debt ceiling and a decline in durable goods orders kept investors away from risky assets.
Will the sky fall on August 2 if Congress fails to raise the debt ceiling?
A Republican proposal to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of a debt default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
The Red Devils should make a splash in the Big Apple.
Japanese authorities know there is not much they can do to turn a broad weak-dollar tide so will judge any intervention a success if it keeps speculative action from driving up the yen too far and too fast.
Amazon's stock is trading near a 52-week high, up more than five percent Wednesday after the company posted strong second quarter earnings and profits. But Amazon will go higher, say some analysts, because the company has a decided competitive advantage.
Taiwan initially applied to acquire 66 aircraft from the U.S., reportedly to deter China, however, Washington has apparently postponed closing the deal out of concerns for Beijing.
Olympic champion, Michael Phelps collected all his strength on Wednesday and proved his superiority at the World Swimming Championship in Shanghai by winning 200m butterfly race.
Boeing Co's quarterly profit beat expectations as operating margins improved and it contained costs, sending shares of the company higher.
While a glut of foreclosures makes South Florida a symbol for the casualties of the U.S. housing crisis, the swift recovery of the Miami housing market demonstrates the voracious taste for property that helped create it.
Since her untimely death on Saturday, which placed her in the so-called "27 Club," Amy Winehouse's record sales have skyrocketed, just as they did for Michael Jackson following his death in June 2009.
Boeing Co's quarterly profit beat expectations as operating margins improved and it contained costs, sending shares of the company higher.
A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
New orders for long-lasting U.S. manufactured goods fell in June and a gauge of business spending plans slipped, supporting views that the economy will not emerge quickly from its current soft patch.
The Obama administration is in talks with General Motors (GM) and Ford (F) for the framework of an agreement that would raise the U.S. fuel economy average to 54.5 mile per gallon (mpg) in 2025.
The U.S. Congress and world markets faced more uncertainty on Tuesday as Republican leaders delayed action on a plan to raise the government's $14.3 trillion borrowing limit, narrowing the chances for a deal to avert a debt default.
Some of the largest pension funds and investment firms have urged President Barack Obama and Congress to resolve the deficit impasse and avoid inflicting "pain and hardship" on the nation.
Netflix Inc's star darkened briefly this week after a rare stumble on pricing incensed investors and triggered an unusually dim growth projection.
Fading hopes the Congress will strike a deal in debt talks any time soon have left investors scrambling to position themselves for what many now view as an inevitable downgrade of the U.S
The Red Devils are in New York for a friendly match
McDonald's is cutting fries to a half order and adding apples to Happy Meals, because the company says consumers want more nutritious options. But parents and others ordering for children already have that option. They don't have to buy Happy Meals and other less nutritious food at all.
