Wall Street staged yet another late-day reversal on Wednesday to end lower as news suggesting China was reassessing its euro-zone debt holdings pushed investors into profit-taking mode.
Sales of newly built single-family homes rose in April to their highest level in nearly two years, as buyers benefited from a popular government tax credit.
New orders for long-lasting U.S. manufactured goods rose more than expected in April, boosted by bookings for expensive aircraft, government data showed on Wednesday, but fell for the first time in three months excluding transportation.
(Reuters) - Laws requiring U.S. restaurant chains to list calorie counts have not stopped them from offering unhealthy meals that pack in calories, fat and salt, a group that encourages healthy food said on Tuesday.
U.S. consumer confidence rose in May to a two-year high as concerns about the labor market eased, according to a private sector report released on Tuesday.
Single-family home prices were unchanged in March from February, but fell in the first quarter on renewed price pressure, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
Sales of previously owned U.S. homes touched a five-month high in April amid a late rush to take advantage of a homebuyer tax credit, but a jump in houses on the market pointed to a slow recovery.
Stocks rose 1 percent on Friday, with bank shares leading a rebound from earlier declines as worries ebbed over the sovereign debt crisis in Europe and U.S. financial reform.
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana. The Navy submarines have trained video cameras on the moving blob, which remains frozen at depths of ...
New York's wealthy are returning to summer beach retreats in the nearby Hamptons, but the global financial crisis has subdued their tastes and left people wary of flashing cash, real estate experts say.
Stock index futures were set for a lower open on Wednesday as markets were unnerved by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in danger.
Housing starts touched a 1-1/2-year high in April, but a drop in building permits to a six-month low implied the housing market recovery may struggle to gain momentum without more government aid.
Housing starts touched a 1-1/2-year high in April, but a drop in building permits to a six-month low implied the housing market recovery may struggle to gain momentum without more government aid.
Drugmaker Pfizer Inc will cut 6,000 jobs, or 18 percent of the workforce, at its 78 manufacturing plants over the next five years as it pares back operations following last year's purchase of rival Wyeth.
The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.
Stocks dropped more than 1 percent on Monday as steep slides in commodity prices hit energy and materials shares, while below-forecast data gauging New York factory activity dented the economic outlook.
U.S. stocks dropped more than 1 percent on Monday as steep slides in commodity prices hit energy and materials shares, while below-forecast data gauging New York factory activity dented the economic outlook.
World oil prices continued its southern journey and dropped below $74 in Asian trade Friday mainly on demand concerns linked to European debt crisis. Light sweet crude for June delivery was seen trading at $ 73.75 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 79.77 a barrel in London.
Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.
The number of workers filing for jobless benefits fell only slightly last week, suggesting the unemployment rate will remain elevated even as recovery in the labor market builds steam.
U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.
