Thursday, May 9, 2013
U.S. Treasury Secretary Jacob Lew said Tuesday that reducing the nation's deficit should not overshadow the need to boost economic growth and job creation.
Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases.
Wednesday, May 8, 2013
The Senate aimed to help traditional retailers and financially strapped state and local governments Monday by passing a bill that would widely subject U.S. online shopping — for many a largely tax-free frontier — to state sales taxes.
Bank of America (BofA) led a rally in big-bank stocks in mostly quiet trading on Monday. Stock indexes ended little changed following a record-setting run last week.
Tuesday, May 7, 2013
Billionaire Warren Buffett is praising the policies of both President Barack Obama and his predecessor George W. Bush for moving the U.S. economy in the right direction.
Monday, May 6, 2013
Warren Buffett on Saturday gave the most extensive comments to date about the future of Berkshire Hathaway Inc. after he is gone, saying he still expects the conglomerate to be a partner of choice for distressed companies.
The World Trade Organization is close to choosing its next leader in a final round pitting Brazil against Mexico, with the winner facing the tough task of restoring the clout of global commerce's rule-setting body.
Surging oil production has put the United States on track toward greater energy independence, pushing U.S. reserves to their highest levels in 30 years.
Saturday, May 4, 2013
U.S. employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy.
U.S. stocks jumped Friday after the Department of Labor reported solid jobs gains for April and a slight decline in the unemployment rate.