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NASA: Water Found on Moon

The moon is a wet place, NASA scientists announced Friday at a Mountain View press conference, unveiling their long-awaited analysis of a mile-high plume of debris kicked up by the impact of the Lunar Crater Observation and Sensing Satellite.

Wall Street Rises on Upbeat Corporate Earnings

Wall Street rose from the previous sell-off on Friday, as retailers and an entertainment company reported better-than-estimated earnings, and the U.S. dollar weakened against the euro.

U.S. Markets Rise Despite Trade Data

U.S. markets rose tentatively Friday morning, as the U.S. trade gap grew significantly more than expected, the U.S. Census Bureau said.

Five 9/11 Suspects to be Tried in U.S.

The decision to try Khalid Sheik Mohammed and the four other suspects in federal civilian court instead of before a military commission was to be announced formally Friday by the Justice Department, The Washington Post reported.

Unexpected Jobs Data Can't Sustain Market Performance

U.S. markets headed lower Thursday after six consecutive days of gains in New York. Markets fell despite a Labor Department report revealing initial claims for jobless benefits dropped by 12,000 to 502,000 in the week ended Nov. 7. The four-week rolling average also dropped, declining by 4,500 to 524,250.

Fed Changes Overdraft Rules

The U.S. Federal Reserve has closed the option for banks to charge overdrafts fees on two common transactions unless the consumer agrees to allow the fees. The rule changes announced by the Federal Reserve Board Thursday include overdrafts resulting from automated teller machine withdrawals and one-time debit card transactions.

Obama Calls for Jobs Creation Forum

The White House will host a jobs and economic growth forum to address job creation and spurring the U.S. economy, President Barack Obama said Thursday.

Geithner: U.S. Needs a Strong Dollar

United States Treasury Secretary Timothy Geithner on Thursday said that the US needed a strong dollar for its recovery from the global recession, as it was a source of stability for the world economy.

Economy, Diplomacy on Obama's Asian Agenda

U.S. President Barack Obama makes his first trip as president to Asia Thursday, beginning an eight-day mission to four countries, beginning in Japan.

Wall Street Refreshes Year Highs on China Economic Data

Wall Street rose on Wednesday with all the major indexes refreshing the highs of 2009 as China reported better-than-expected economic data and the Federal Reserve officials signaled to keep interest rates low.

Afghan Options Narrowed to Four

U.S. President Barack Obama is considering four options for an Afghanistan-Pakistan strategy in discussions with his advisers, a White House spokesman said.

Economists Find Predicting Another Severe Global Financial Crisis Is Nearly Impossible

The 2008 financial crisis prompted a renewed interest among economists to construct an "early warning system" but a new study concludes that out of 65 potential causes of a global economic meltdown, few factors would have predicted the severity of the crisis across a multitude of countries.