Stocks were little changed on Friday on mixed economic data as major indexes were on track to post their worst week in five.
Economic growth was slower than previously estimated in the first quarter as estimates of business and consumer spending were cut, according to government data on Friday.
Stocks were little changed on Friday after mixed economic data, while financial shares gained as uncertainty ebbed after an agreement to overhaul financial regulations.
Wall Street was set to open lower on Thursday as investors fretted about the pace of the economic recovery, though a better-than-expected drop in initial jobless claims provided comfort.
The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
Wal-Mart Stores Inc offered a plan on Monday aimed at winning over union leaders and Chicago lawmakers in its attempt to open dozens of stores in the city over the next five years.
The hike on individual long-term capital gains tax rate in 2011 may have interesting implications.
China will gradually make the yuan's exchange rate more flexible, the central bank said on Saturday, indicating that it was ready to break a 23-month-old U.S. dollar peg that has come under intense fire from abroad.
Gold rallied on Friday to an all-time record above $1,260 an ounce, as investors looked to precious metals for an alternative to equity or debt investments given renewed uncertainty about the economic recovery.
Neither attention deficit hyperactivity disorder (ADHD) nor medications used to treat it have a long-term impact on kids' growth, a new study published online in The Journal of Pediatrics suggests.
Raising the price of sugary soft drinks will likely prompt thirsty consumers to seek out cheaper, healthier beverages, U.S. researchers said on Thursday.
Stocks edged higher late in a choppy, thinly traded session on Thursday as investors built on momentum gained after the S&P 500 index broke through its 200-day moving average earlier this week.
Stocks slipped on Thursday as data on regional factory activity and jobless claims underscored worries about the pace of the economic recovery.
Oil giant BP said it would cut four quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.
A New Jersey woman was arrested on Wednesday and charged with running a $45 million Ponzi scheme in which she allegedly promised investors high returns from real estate, but instead used their money to repay other investors and gamble at casinos.
Stocks fell on Wednesday as FedEx warned about higher costs, housing starts fell to a five-month low and new concerns surfaced over Spain's fiscal problems.
Cablevision Systems announced a one-two punch to acquire Bresnan Communications for $1.37 billion and repurchase $500 million of its own stock, sending shares up 6.2 percent as investors cheered moves to expand its business while rewarding shareholders.
Gold firmed in Europe on Monday as expectations that government measures to address elevated sovereign debt levels may ultimately prove inflationary, and as investors bet interest rates will stay low.
Stock investors will keep a close eye on Europe this week, looking for signs the debt crisis may be stabilizing, while industrial production, housing starts and inflation data may offer more clues on the U.S. economic outlook.
U.S. stock investors will keep a close eye on Europe next week, looking for signs the debt crisis may be stabilizing, while industrial production, housing starts and inflation data may offer more clues on the U.S. economic outlook.
Sales at retailers unexpectedly fell in May for the first time since September, pulled down by a record slump in purchases of building materials, according to a government report on Friday that added to fears the economic recovery was losing some muscle.
