Saturday, August 30, 2014
U.S. banks' earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007.
Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.
The International Monetary Fund (IMF) on Thursday urged the U.S. to boost incomes for the poor, including raising the minimum wage, saying that would help sustain the country's rebound from the Great Recession.
Friday, August 29, 2014
After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.
The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.
Thursday, August 28, 2014
Economists appear to be of two minds about the U.S. Federal Reserve.
The director of market intelligence at an investor relations firm was arrested on insider trading charges Tuesday and accused of using drafts of press releases to illegally earn more than a half-million dollars.
Wednesday, August 27, 2014
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell.
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
Despite California's ever-present risk of major earthquakes, the number of homeowners in the state with insurance coverage for quake damage has dipped significantly over the past several decades, from 33 percent in 1996 to just 10 percent today.