Saturday, March 22, 2014
Sales of U.S. existing homes slipped in February to their lowest level since July 2012 as severe winter weather, rising prices and a tight supply of homes discouraged buyers.
Microsoft Corp., which has skewered rival Google Inc. for going through customer emails to deliver ads, acknowledged it had searched emails in a blogger's Hotmail account to track down who was leaking company secrets.
Brand USA, the nation's first coordinated campaign to promote the United States to international travelers, generated US$3.4 billion in tourism revenues last year.
More than five years after the financial crisis struck, the biggest U.S. banks are better able to withstand a severe recession than at any time since the meltdown, the Federal Reserve has determined.
Fitch Ratings on Friday affirmed U.S. credit ratings at the top-notch “AAA” level but raised the outlook for the world's top economy to stable from negative.
Wednesday, March 19, 2014
U.S. home construction fell for a third month in February, but in a hopeful sign, applications for building permits rose to their highest level in four months.
Cheaper energy kept U.S. consumer prices in check last month, despite a big rise in the cost of food, the latest sign that inflation is tame.
The Janet Yellen era at the Federal Reserve begins in earnest this week with a two-day meeting, a policy statement and fresh economic forecasts. Yet all that will be a prelude to the marquee event: Yellen's first news conference as Fed chair.
Foreign investors will be able to do business in communist Cuba without fear of government interference once a new law is approved later this month, a top lawmaker told state media on Monday.
Moody's lowered its credit rating for Argentina by 1 step Monday, citing a sharp fall in the country's reserves and inconsistent economic policies.