The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations.
China is scouring the world for alternative oil supplies to replace a fall in its imports from Iran, as it seeks to negotiate lower prices from Tehran, and has been drawing heavily on Saudi Arabia.
A new guessing game is about to begin: will China's incoming generation of leaders show more courage than the current incumbents in tackling deep economic imbalances that threaten to bring growth to a sudden stop?
Syria's President Bashar al-Assad promised to stop the bloodshed that has engulfed his country for the past 11 months. Assad reached an agreement with Russian Foreign Minister Sergei Lavrov, who was in Damascus on Tuesday.
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Below are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Tuesday on the state of the U.S. economy to the Senate Budget Committee. Bernanke's prepared testimony was virtually identical to testimony on Thursday to the House Budget Committee.
The State Department plans to drastically reduce the size of its diplomatic mission in Iraq, a decision that reflects America's sharply diminished influence in the absence of troops.
Money market accounts could soon be joining "free checking" in the dustbin of retail banking history. That's what various portfolio managers who make up a large chunk of the industry are saying could happen if certain regulatory provisions being discussed in Washington are enacted.
Russia won a promise from Syrian President Bashar al-Assad on Tuesday to bring an end to bloodshed in Syria, but Western and Arab states acted to isolate Assad further after activists and rebels said his forces killed over 100 in the city of Homs.
Given the fragile state of the global economy and brewing geopolitical risks, investors should be underweight equities while favoring selected commodities such as gold and oil, Mohamed El-Erian, CEO and co-chief investment officer of bond fund giant PIMCO, told CNBC on Tuesday.
Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.
Gold prices rose 1 percent on Tuesday as expectations that a Greek rescue deal will be completed drove the dollar down sharplyagainst the euro.
Android customers are having difficulty sizing up the latest round of smartphones because there's been a recent influx in ultra-thin 4G-capable smartphones. Among the main competitors are the Motorola Droid Razr, Samsung Galaxy S III and Huwawei Ascend P1S. We weigh in on the discussion to determine what the best ultra-thin Android phone is.
The U.S. 9th Circuit of Appeals in San Francisco Tuesday upheld a lower court decision, which had declared unconstitutional California’s controversial Proposition 8 banning same sex marriage.
Karen Handel resigned from the Susan B. Komen Foundation Tuesday under accusations that her anti-abortion stance pushed the breast cancer advocacy group to defund Planned Parenthood. Although the news has put her in the national spotlight, it was not the first time her staunch social conservatism ignited controversy.
A U.S. appeals court on Tuesday found California's gay marriage ban unconstitutional in a case that is likely to lead to a showdown on the issue in the Supreme Court.
Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.
Lawyers for a U.S. Marine court-martialed for his role in killing Iraqi civilians in Haditha slammed the international hacking collective Anonymous as cowards on Monday after they knocked out the firm's website and published internal e-mails on the web.
Clint Eastwood is setting the record straight about his improbably controversial Chrysler ad that aired on Sunday's Super Bowl.
Walt Disney Co is expected to show another steady quarter of growth, driven by healthy business at cable networks and theme parks, when the media giant reports results on Tuesday.
Federal Reserve Chairman Ben Bernanke held his policy prescription cards close to his vest Tuesday morning, skirting around several questions from Senate Banking Committee members that seemed designed to pigeonhole the central bank chief into supporting ideologically-charged positions. At the same time, the top U.S. central banker was effusive in his defense of the Federal Reserve's expansionary monetary policy.
Toyota Motor Corp. raised its full-year net income forecast Tuesday by more than a third, as the Japanese automaker has cut costs and spending and as newer vehicles have bumped up sales.
