U.S. consumer spending rose 0.4 percent in December despite incomes that remained statistically flat, the Commerce Department reported Friday.
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.
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.
First-time unemployment benefits claims rose sharply to 348,000 in the week that ended Saturday, the Bureau of Labor Statistics said Thursday.
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.
After a strong Asian session and positive European open, global markets fell Wednesday as worries over the prospects for emerging economies resurfaced.
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.
Why has income inequality suddenly galvanized attention? Here are some questions and answers about the wealth gap.
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 nosedived in December 2013, unexpectedly falling 4.3 percent in the month, the U.S. Commerce Department reported Tuesday.
Despite selling a record number of iPhones and iPads during the holiday season, Apple faces significant challenges from competitors.
With Janet Yellen taking over chairmanship of the Federal Reserve this week, she is expected to continue scaling back the economic stimulus.
New home sales in 2013 were the best in five years but the year ended with two straight months of declines.
It's little more than a year since thousands took to U.S. streets decrying the disparity between those in the 1 percent of the population that controls a third of the nation's wealth and months since fast food and other minimum wage workers demonstrated, demanding a $15 minimum wage.
The Associated Press has uncovered a series of security lapses and other troubles in the nation's nuclear forces.