Friday, August 1, 2014
The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark short-term interest rate.
A federal judge imposed a US$1.3 billion civil penalty against Bank of America (BofA) on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments.
Last-ditch talks between Argentina and the U.S. hedge funds it has branded “vultures” failed to reach agreement Wednesday, effectively pushing the country into default.
Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas.
Thursday, July 31, 2014
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
The U.S. Federal Reserve began a two-day policy meeting Tuesday under rising pressure to step off its ultra-dovish stance to address rising inflation and worries of overheated markets.
Tuesday, July 29, 2014
Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
Monday, July 28, 2014
Fast food workers from across the U.S. voted to escalate their efforts for US$15-an-hour pay and union membership by using nonviolent civil disobedience, comparing their campaign to the civil rights movement.
Sunday, July 27, 2014
Thousands of U.S. women whose genitals might have been photographed during gynecological exams can share a US$190 million settlement from Johns Hopkins Health System. But they'll have to describe their trauma before seeing any money.
Brazil's central bank said Friday it would ease banks' reserve requirements, freeing up US$13 billion to stimulate lending and boost an economy facing its fourth year of sluggish growth.