Bernanke Signals Fed Will Keep Stimulus in Place
Fed Chairman Ben Bernanke tells Congress that the U.S. job market remains weak and that it is too soon for the central bank to end its extraordinary stimulus program.
Economy
Lowe's Profit Hurt by Cooler Weather, Competition
Lowe's reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season.
Toll Brothers Profit Rises as Housing Market Rebounds
Toll Brothers posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices.
Detroit Automakers Cutting Back on Summer Factory Shutdowns
Detroit's automakers are largely forgoing traditional two-week summer breaks at their factories and speeding up production to meet buyers' demand for new cars and trucks.
Housing Recovery Boosts Home Depot's 1Q Profit
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Americans Better About Paying Credit-Card Debt in 1Q
Americans got better about paying their credit card debt on time in the first quarter, a period when many borrowers use income tax returns to tackle their holiday season debt.
Consumer Spending Forecast to Boost U.S. Economy
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
How I Squandered My Inheritance at Age 18
Lyn Roman inherited a small trust fund, and spent it all in a year. But the lessons she learned from her mistakes, and how she bounced back from them, have been priceless.
Obama: Congress Needs to Focus on Job Creation
Obama pushes Washington lawmakers to focus on job creation during a trip to Baltimore to visit a manufacturer of pumping and digging equipment.
Economy Shrugging off Spring Slowdown, Reports Suggest
U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.
Obama Shifts Focus to Jobs
President Barack Obama leaves behind scandal-focused Washington to focus on the country's slowly improving jobs picture.
J.C. Penney Posts Huge 1Q Loss
J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
Powerball Jackpot Leaps to $550M
The Powerball jackpot has jumped to $550 million, a major climb less than a day after the latest drawing produced no winning ticket.
Consumer Prices Tumble in April, Driven Down by Gas Prices
A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in more than four years.
U.S. Housing Starts Plummet in April, But Permits Surge
Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high.