Friday, February 6, 2015
The U.S. trade deficit in December jumped to the highest level in more than two years as American exports fell and imports climbed to a record level.
Embattled Brazilian oil company Petrobras said Wednesday the company's chief executive officer and five other top figures stepped down amid a long-running and massive kickback scandal at the firm.
Thursday, February 5, 2015
Automakers reported Tuesday large gains in January U.S. sales as the improving economy and low fuel prices kept demand high for larger vehicles.
Wednesday, February 4, 2015
Wall Street stocks moved higher in early trade Tuesday, following European equities upward on optimism for a deal to renegotiate Greece's debt.
Fifteen years after the bursting of the dot-com bubble, the tech sector is flying high again, with record amounts of cash pouring in, and renewed fears about inflated valuations.
Tuesday, February 3, 2015
U.S. consumer spending slipped in December, as the pace of motor vehicle sales slowed and more Americans saved their money.
The United Steelworkers Union called for its refinery workers to stage their largest walkout in more 30 years Sunday, saying its negotiations with Shell Oil Co. broke down less than two weeks after they began.
U.S. President Barack Obama unveils a US$4 trillion spending plan Monday, a budget that calls for huge spending on infrastructure funded by a one-time tax on profits U.S. companies have amassed overseas. The business-friendly Republican-controlled Congress is all but certain to say no.
Saturday, January 31, 2015
The U.S. economy slowed in the final three months of 2014 as a big burst in consumer spending was offset by weakness in other areas.
The Federal Reserve has declared economic growth “solid.” But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.