U.S. household debt surged US$460 billion last year, the biggest increase in 10 years, and has nearly returned to the peak level before the global financial crisis, the New York Federal Reserve said Thursday.
In the first major congressional attempt to address the advent of self-driving cars, two senators said Monday they're launching a bipartisan effort to help to speed up the deployment of the vehicles on the nation's roads.
Four Republicans on the Senate committee considering President Donald Trump's nominee for secretary of labor aren't saying publicly if they will vote for him.
A bitterly divided Senate on Monday confirmed Steven Mnuchin as treasury secretary despite strong objections by Democrats that the former banker ran a "foreclosure machine" when he headed OneWest Bank.
Credit Suisse said Tuesday it booked net loss of 2.4 billion Swiss francs (US$2.3 billion) in 2016, after agreeing to a massive settlement with the U.S. authorities last month over its role in the so-called sub-prime crisis in 2008.
President Trump has named Jay Clayton, a Wall Street attorney who worked on mergers and IPOs, to head the Securities and Exchange Commission. Last week Trump ordered a review of the 2010 Dodd-Frank law.
A server from Lamb's Grill reaches for a glass behind the "Zion Curtain" in Salt Lake City on Friday, Feb. 10.
Prosecutors in Panama say they've formally arrested the partners of a law firm involved in last year's "Panama Papers" scandal, in which thousands of pages of documents related to offshore accounts were leaked.
The dollar extended a rally Friday after U.S. President Donald Trump said he would release details of a "phenomenal" tax-cut plan, which lifted also global stock markets.
A partner in the law firm at the heart of the "Panama Papers" scandal fell out publicly with Panama's president -- a former friend -- on Thursday, accusing him of accepting "donations" from a Brazilian company that has admitted to graft.