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U.S. student loan debt is not killing homeownership

Is surging student debt really preventing an entire generation from becoming first-time homebuyers? Is surging student debt really preventing an entire generation from becoming first-time homebuyers? That's true, to an extent, but also mischaracterizes education debt as holding most people back, rather than helping them get ahead.

Oct 23, 2014 12:11 PM EDT

Markets

U.S. factory activity growth slips in October: Markit

The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed on Thursday.

Markets

U.S. jobless claims data point to firming labor market

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Markets

Wall Street jumps 1 percent in broad rally on results

U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally as strong results, including from two Dow components, reassured investors that corporations continue to fare well despite concerns about global economic growth.

Nissan recalling 260,000 vehicles globally with Takata air bags

Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp.

Oct 23, 2014 11:50 AM EDT

U.S. prosecutors probe Takata Corp over statements: WSJ

U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp (7312.T) misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp (7203.T) and Honda Motor Co Ltd (7267.T), The Wall Street Journal reported on Wednesday.

Oct 23, 2014 11:38 AM EDT

GM posts higher-than-expected profit on strong North American demand

General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.

Oct 23, 2014 11:23 AM EDT

What Minecraft is teaching your kids about money

If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video game addiction into a life lesson about money.

Oct 22, 2014 12:05 PM EDT

U.S. government probes medical devices for possible cyber flaws

The U.S. Department of Homeland Security is investigating about two dozen cases of suspected cybersecurity flaws in medical devices and hospital equipment that officials fear could be exploited by hackers, a senior official at the agency told Reuters.

Oct 22, 2014 12:02 PM EDT

Apple CEO discusses security with top Chinese official amid hacking claims: Xinhua

Apple Inc (AAPL.O) Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported.

Oct 22, 2014 11:58 AM EDT

Yahoo CEO Marissa Mayer parries activist investor attacks

Yahoo Inc's CEO is trying to steer investor focus away from the tech company's stagnant revenue and toward achievements and growth prospects that have been flying below the radar.

Oct 22, 2014 11:54 AM EDT

U.S. consumer prices rise on shelter costs, but inflation muted

U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

Oct 22, 2014 11:51 AM EDT

Michigan becomes fifth U.S. state to thwart direct Tesla car sales

Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc (TSLA.O) from selling its cars directly to consumers in the state, home to the biggest U.S. automakers.

Oct 22, 2014 11:45 AM EDT

More lawsuits filed against Honda, Takata over air bags

The recall crisis involving Takata-made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel is growing, with two more lawsuits filed over accidents in older Honda cars.

Oct 22, 2014 11:36 AM EDT

U.S. regulator expands warning over Takata air bags, more lawsuits filed

The problems for Japanese auto parts maker Takata Corp (7312.T) grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars.

Oct 22, 2014 11:29 AM EDT

Hyundai's revamped Sonata yet to rev up key U.S. market

The revamped Sonata sedan was supposed to help Hyundai Motor Co (005380.KS) reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market.

Oct 22, 2014 11:18 AM EDT