The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a strong rebuilding of stocks by businesses and weak spending on capital goods hinted at slower growth in early 2012.
Joblessness has particularly struck Spanish youth – nearly half (48.6 percent) of people between the ages of 16 and 24 are now without work.
The U.S. economy is not robust by any means, but the recent manufacturing-driven recovery, if tepid, is finally beginning to erase memories of the disappointing slowdown in 2011. On the wings of the recent gains, growth in most sectors of the economy is likely to continue - and maybe even pick up momentum towards the end of the year.
U.S. stocks sagged on Thursday as traders cashed in on red-hot bank and technology shares, while the Federal Reserve's commitment to easy money to help the U.S. economy rebound weakened the dollar.
New orders for manufactured goods rose in December and a gauge of future business investment rebounded, showing the economy ended the year with more momentum than previously thought.
Sales of new single-family homes dropped in December for the first time in four months, giving 2011 with the dubious distinction as being the slowest year on record for builders, according to figures released on Thursday by the Commerce Department.
Newt Gingrich and Mitt Romney are in a dead heat in Florida. Charles Zelden, a historian at Nova Southeastern University in Fort Lauderdale, Fla., and an expert on elections, outlined who has the edge and what factors will determine the outcome of next Tuesday's primary.
Stocks fell on Thursday, interrupting a recent rally, as investors booked profits after weaker-than-expected housing data.
New orders for U.S. manufactured goods rose in December and a gauge of future business investment rebounded, showing the U.S. economy ended the year with more momentum than previously thought.
New U.S. claims for unemployment benefits rose last week, a government report showed on Thursday, but the underlying trend continued to point to improving labor market conditions.
Japanese electronics giant NEC Corp. stunned the Japanese markets Thursday, announcing it expected to lose ¥100 billion ($1.3 billion) and lay off 10,000 employees globally next year. The view -- announced during the company's quarterly earnings release conference call -- was a wild swing from previous statements, where the company had set positive 2012 earnings guidance of ¥15 billion.
New orders for manufactured goods rose in December and a gauge of future business investment rebounded, while new claims for jobless benefits rose only moderately last week, suggesting the labor market was still healing.
New orders for manufactured goods rose in December and a gauge of future business investment rebounded, while new claims for jobless benefits rose only moderately last week, suggesting the labor market was still healing.
Throughout all of Europe we have seen the rise in the polls of extreme right political parties.
Claims for jobless benefits in the third week of January rose after falling to the lowest level in nearly four years. However, overall trends suggest fewer layoffs and more hiring.
With worries about the debt crisis in Europe and high unemployment in the United States drawing the public's attention, the sliding value of corporate pension funds has largely gone unnoticed.
Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy meeting on Wednesday.
Federal Reserve Chairman Ben Bernanke said Wednesday the central bank was ready to offer the economy additional stimulus after it announced it would likely keep interest rates near zero until at least late 2014.
Treasury Secretary Timothy Geithner sought to calm fears that the Obama administration's bank reforms were hostile to the U.S. financial industry, saying on Wednesday the reforms were "tough where they need to be tough."
Concluding a two day meeting, the Fed released it's plans for monetary policy through 2014 today. Fed plans to keep the interest rate near zero through 2014.
Starbucks, the world's largest coffee-shop chain, is projected to report stronger fiscal first-quarter profit as sales of new offerings have offset higher costs for coffee beans.
The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery.
