A strengthening housing recovery and robust auto sales contributed to moderate economic growth across the United States in late February and March, according to a Federal Reserve survey released Wednesday.

U.S. consumer prices fell in March for the first time in four months and factory output slipped, strengthening the argument for the Federal Reserve to maintain its monetary stimulus to speed up economic growth.

A securities trader admitted Monday that he participated in a scheme involving the unauthorized purchase of about US$1 billion of Apple stock that wound up costing his employer US$5 million, federal prosecutors said.

U.S. homebuilders are concerned that limited land and rising costs for building materials and labor will slow sales in the short term.

U.S. air safety regulators on Monday said they would inspect more than 1,000 Boeing 737s for a faulty tail part that could cause a pilot to lose control of the jetliner.

The U.S. Federal Aviation Agency plans to inspect more than 1,000 Boeing 737 airplanes to check for corrosion on certain pins that could compromise safety, according to a notice on the Federal Register.

As the world's top economies, the United States and China should pick up where international bodies have failed and assert leadership to better govern the global economy, two academics say in a new study.

Who is the emperor of espresso? The conqueror of cappuccino? Dozens of baristas from across the United States have gathered in Boston this weekend to answer that question, in a contest of coffee-making skills where they will crown a national champion of their trade on Sunday.

Gold futures have notched their biggest one-day fall in more than a year. Gold for June delivery plunged US$63.50 to close at US$1,501.40 an ounce Friday, the largest drop since February 2012. It was the lowest price since July 2011.

Sao Paulo has been picked by the Financial Times' intelligence unit as the most attractive Latin American city for foreign investment, the state government said.