Friday, November 8, 2013
U.S. economic growth accelerated in the third quarter as businesses restocked shelves but the slowest expansion in consumer spending in two years pointed to an underlying weakness.
Thursday, November 7, 2013
Growth in the huge U.S. services sector unexpectedly picked up steam in October, offering fresh evidence the economy weathered the disruptive 16-day government shutdown, a report released Tuesday showed.
Wednesday, November 6, 2013
IPO fever is back. Five years after the financial crisis dampened enthusiasm for initial public offerings, investors are again eager to buy shares when companies start trading. Twitter is the star this week, but the number of offerings shows that it's not just social-media darlings that are seeking and attracting investors.
SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay US$1.8 billion — the largest financial penalty in history for insider trading — to resolve criminal and civil claims against the hedge fund giant, the
Monday, November 4, 2013
Cubans have welcomed news the government will end its unpopular dual currency system, but they are beyond keen to know when the change will actually come.
Sunday, November 3, 2013
The U.S. auto industry extended its steady gains in October despite economic uncertainty caused by a government shutdown.
Friday, November 1, 2013
U.S. jobless claims declined last week in welcome news for the nation's battered labor market after the impact of a government shutdown on furloughed federal workers diminished.
Thursday, October 31, 2013
U.S. private-sector employers hired the fewest number of workers in six months in October while tepid domestic demand kept inflation benign last month, suggesting the economy was still in need of stimulus from the Federal Reserve.
Three young entrepreneurs have opened what they call the world's first ATM able to exchange bitcoins for any official currency.
Wednesday, October 30, 2013
A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans boosted their spending on most other goods, showing some confidence in the economy ahead of the government shutdown.