| Nov 30, 2013
| 7:10 PM
U.S. retailers eked out a 2.3% sales gain on Thanksgiving and Black Friday, in line with a prediction for the weakest holiday results since 2009.
Sales at bricks-and-mortar stores on Thanksgiving and Black Friday increased to $12.3 billion, according to...
| Nov 26, 2013
| 7:57 PM
Home prices across the U.S. are showing signs of slower growth, but a recent upswing in new construction plans is injecting the market with optimism that the housing recovery has more momentum left.
Building permits for new homes jumped 6.2% in...
| Oct 30, 2013
| 5:58 PM
WASHINGTON — The Federal Reserve kept intact its large-scale campaign to stimulate the economy, saying it was awaiting more evidence of sustainable progress in the recovery.
Although the Fed's decision Wednesday to hold the line on its monthly...
| Nov 15, 2013
| 7:51 AM
WASHINGTON -- Moody's Investor Services on Friday said it cut the credit ratings for four big U.S. banks because of reduced chances the government would bail them out in a future crisis.
The ratings for bank holding company debt of JP Morgan Chase & Co....
| Nov 8, 2013
| 4:20 PM
WASHINGTON — All of a sudden, the American economy is looking very resilient — much more so than experts had thought.
Despite forecasts that job growth would be sapped by the budget impasse and government shutdown, employers in the U.S....
| Nov 1, 2013
| 12:11 PM
Credit ratings agency Moody’s Investors Service Inc. said Friday that it is reviewing Sony Corp.'s credit rating and could downgrade it to junk status.
The news comes one day after Tokyo-based Sony, which reports its earnings in yen but provides...
| Oct 30, 2013
| 6:49 AM
WASHINGTON -- Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday.
The figure was below the 150,000...
| Oct 29, 2013
| 6:40 PM
Home prices in the nation's largest metro areas jumped sharply in August, but the rate of increases is slowing, according to a leading gauge.
The Standard & Poor's/Case-Shiller index of home prices in 20 large U.S. metros rose 1.3% from July and 12.8%...
| Oct 22, 2013
| 6:32 AM
WASHINGTON -- Americans are more pessimistic about the state of the economy after the partial government shutdown and debt limit fight, according to poll results released Tuesday.
Just 29% of respondents in a CNN/ORC International survey said economic...
| Oct 9, 2013
| 5:57 PM
WASHINGTON — The Federal Reserve appeared poised a few weeks ago to start pulling back on its unprecedented support for the economy, but surprisingly stopped short out of fear the recovery still was too fragile.
That was before the budget...
| Oct 17, 2013
| 7:46 AM
Fixed mortgage rates rose early this week amid the debt crisis, Freddie Mac's latest survey showed, with lenders offering the 30-year home loan at an average of 4.28%, up from 4.23% a week earlier.
The offering rate for 15-year fixed mortgages...