Pacific trade pact chances 'significantly' better than 50-50: Obama
Chances that U.S. negotiators can bring home a strong trade deal with Asia-Pacific countries are now much better than 50-50, U.S. President Barack Obama said on Thursday.
Dec 11, 2014 3:10 PM EST
Dollar, stocks rebound on strong U.S. data
The dollar and global equity markets rebounded Thursday after three days of declines, spurred by strong U.S. retail sales and declining jobless claims that signaled the U.S. economy could weather weak oil prices and a likely interest rate hike next year.
Solid U.S. retail sales point to firming economic recovery
Jack Reed can see the recovery taking hold at his family's 109-year-old clothing store in Tupelo, Mississippi, with sales buoyed in part by the paychecks tied to a Toyota plant up the road and rising confidence that the jobs are here to stay.
Wall Street jumps more than 1 percent on data after three-day slump
U.S. stocks bounced back on Thursday, with all three major indexes surging more than 1 percent, as data pointed to a strengthening U.S. economy and boosted optimism about holiday spending.
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Fed's debate shifts from lift-off to long march to normal
For the Federal Reserve, deciding when to raise rates for the first time in nearly a decade has become the easy part.
Dec 11, 2014 2:59 PM EST
Stronger economy helps trim U.S. budget deficit
The U.S. federal budget deficit narrowed in November, helped by a strengthening economy that boosted tax receipts during the month, Treasury Department data showed on Wednesday.
Dec 10, 2014 3:39 PM EST
You may already be too late for hottest holiday toys
If you still have Disney's Frozen Castle and Ice Palace Playset on your holiday gift list this year, you may already be out of luck.
Dec 10, 2014 3:37 PM EST
Shares fall on oil's five-year low; dollar slides
Oil prices slumped to five-year lows on Wednesday and U.S. and European equity markets fell as investors worried about the Greek and Chinese economies withdrew from riskier positions and bought Japanese yen, which rose against the U.S. dollar.
Dec 10, 2014 3:26 PM EST
U.S. third-quarter growth likely to be revised higher on services data
U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.
Dec 10, 2014 3:24 PM EST
Shares fall on oil drop, Greek political turmoil
Investors sold equities worldwide on Tuesday after China's market posted its worst day in five years and oil prices fell to levels not seen since 2009.
Dec 09, 2014 3:23 PM EST
Canceling a hotel reservation last-minute could cost you
When it comes to changing hotel reservations, the concept of 'last-minute' is about to get a bit longer.
Dec 09, 2014 3:20 PM EST
Abercrombie CEO Jeffries steps down as company seeks new look
Abercrombie & Fitch Co (ANF.N) Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm.
Dec 09, 2014 3:18 PM EST
ECB's Praet says would have cut interest rates at last meeting if possible
The European Central Bank would probably have cut interest rates at its last meeting if they had not already been at the zero limit, European Central Bank chief economist Peter Praet said on Tuesday.
Dec 09, 2014 3:16 PM EST
Dow, S&P 500 edge down on global worries; Nasdaq climbs
The Dow and S&P 500 fell on Tuesday following concerns about global weakness and political turmoil, while the Nasdaq edged higher along with tech shares and energy.
Dec 09, 2014 3:13 PM EST
U.S., European stocks fall; oil hits five-year low
U.S. and European stocks fell on Monday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015.
Dec 08, 2014 4:22 PM EST
Behind the holiday trend of self-gifting
Jill Bascou looked like a typical holiday gift shopper standing in line on Thanksgiving Day shortly after the Target in Marlton, New Jersey opened at 6 p.m.
Dec 08, 2014 4:20 PM EST