Consumer spending, the largest driver of the U.S. economy, had its best showing since June. The strong November showing suggests solid economic growth this quarter.
More Americans are deciding to shop online this holiday season instead of heading to crowded stores. But that alone won't save what is turning out to be a ho-hum Christmas for department stores and clothing chains.
A cross Congress ended its business for the year Friday as the Senate approved a new boss for the troubled Internal Revenue Service but remained slowed and bitterly riven over majority Democrats' weakening of Republicans' power to filibuster.
For many Cubans, time remains frozen in the facades of crumbling colonial mansions, while others say the pace of life has quickened in the three years since President Raul Castro admonished them to embrace economic reforms.
Unemployment rates fell or were unchanged in all 50 states in November, evidence that hiring is improving across the country. California, Texas and Indiana reported the largest job gains.
The U.S. economy grew at an annual rate of 4.1 percent in the third quarter of the year, revised upward from the 3.6 percent estimate released Dec. 5, the Commerce Department said Friday.
The U.S. index of leading economic indicators jumped 0.8 percent in November, following a 0.1 percent rise in October, the Conference Board said Thursday.
Fed head Ben Bernanke just gave Congress a big kick in the rear, using his final press conference to blame congressional budget battles for slowing down the economy and increasing unemployment.
Futures are easing back after the Federal Reserve announced a partial winding down of its massive economic stimulus program.
Target Corporation confirmed Thursday that a data breach may have affected 40 million credit and debit cardholders just as the holiday shopping season is gearing up.
The U.S. Senate approved a federal budget deal by a 64-36 vote Wednesday afternoon and sent the measure to President Obama for his signature, sources are reporting.
The Federal Reserve has decided the economy is finally strong enough to withstand a slight pullback in the Fed's stimulus, signalling its strongest confidence in the U.S. economy since the prolonged recession struck six years ago.
The U.S. Federal Reserve said starting January it would pull back on mortgage-backed securities purchases and step up its pace of buying Treasury securities.
A modest, bipartisan budget pact designed to avert another government shutdown and ease the harshest effects of automatic budget cuts is on the brink of passing the Senate.
Among the savings in the budget deal before the Senate is an annual 1 percent reduction in cost-of-living increases for military retirees under 62. The move would save the government about $6 billion over the next decade, but veterans groups say it breaks promises made to service members.