Wednesday, August 6, 2014
Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession.
Monday, August 4, 2014
American mining concern Doe Run must pay US$163 million for failing to take sufficient environmental measures at its site in La Oraya, Peru's high court announced Saturday.
Saturday, August 2, 2014
U.S. employers extended their hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.
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.