News Headline Articles

Janet Yellen Takes Over at the Federal Reserve

Janet Yellen has been sworn in to succeed Ben Bernanke at the Federal Reserve, becoming the first woman to lead the U.S. central bank in its 100-year history.


Obama Delivers '3-Minute Version' of His State of the Union

U.S. President Barack Obama, in his weekly radio and Internet address, delivered what he called the "3-minute version" of his State of the Union speech.


A Look Back at Recent Wall Street Stumbles

The bull market that began in March 2009 has had a few stumbles, putting the recent decline in perspective. Here's the lowdown on setbacks and slides during the present bull run.


Small Investors Fight Urge to Sell as Stocks Plunge

January's global stock sell-off has left many small investors more puzzled than panicked, and unsure how to act.


Consumer Spending up Slightly in December

U.S. consumer spending rose 0.4 percent in December despite incomes that remained statistically flat, the Commerce Department reported Friday.


Ben Bernanke, First and Maybe Last of His Kind

As Fed chief Ben Bernanke shuts the door to his office for the last time tomorrow, he can say he took actions that were the first or the biggest of their kind in the central bank's 100-year history. Some will probably also be the last of their kind.


U.S. Economic Growth Reaches 3.2 Percent

The U.S. economy expanded at 3.2 percent in the fourth quarter of 2013 on strong personal consumption and exports, both of which hit three-year highs, the Commerce Department reported Thursday.


U.S. Weekly Jobless Claims Jump by 19,000

First-time unemployment benefits claims rose sharply to 348,000 in the week that ended Saturday, the Bureau of Labor Statistics said Thursday.


Fed Will Trim Support Again in February

Policymakers at the Federal Reserve are again trimming direct support of the world's largest economy, saying the central bank will buy $65 billion in securities in February -- $10 billion less than in January.


Emerging Economies Give World Markets the Jitters

After a strong Asian session and positive European open, global markets fell Wednesday as worries over the prospects for emerging economies resurfaced.


Obama on Minimum Wage: America Needs a Raise

The morning after announcing an executive order to raise the minimum wage for new federal contract workers, President Obama is set to flesh out details of his plan to boost wages for working Americans.


Income Inequality: What It Is and Why It Matters

Why has income inequality suddenly galvanized attention? Here are some questions and answers about the wealth gap.


U.S. Consumer Confidence at Highest Since August

U.S. consumer confidence has hit its highest point since August on the strength of an optimistic view of the job market and business conditions, the Conference Board said Tuesday.


Durable Goods Orders Took a Dip in December

Durable goods orders nosedived in December 2013, unexpectedly falling 4.3 percent in the month, the U.S. Commerce Department reported Tuesday.


Apple Disappoints Despite Record iPhone, iPad Sales

Despite selling a record number of iPhones and iPads during the holiday season, Apple faces significant challenges from competitors.


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