Experts warn that the worsening of the debt crisis means dramatic hike in interest rates, a free fall of the dollar and higher inflation. The negative impact of this scenario will be felt across the world, bedeviling economic recovery everywhere. Critics say the Federal Reserve mandarins are engaging in the outright destruction of the dollar.
Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said on Thursday.
Stock index futures fell on Wednesday, extending the previous day's slide, as signs the U.S. economic recovery may be slowing and worries about the euro zone's debt crisis weighed on sentiment.
Campbell Soup Co reported a higher-than-expected quarterly profit on Monday and forecast full-year results at the top of its range after moving its focus from profit-sapping promotions to advertisements.
Schawk Inc , a provider of digital imaging graphic services, said it may face U.S. Securities and Exchange Commission civil charges relating to a 2008 restatement, and its shares fell as much as 8.9 percent.
Shares of electronics company Hon Hai Precision Industry Co Ltd <2317.TW> fell as much as 5 percent on Monday on fears major client Apple Inc
may shift orders to other producers following a blast at one of the company's plants in China.
U.S. stock index futures fell on Monday on worries about the euro-zone debt crisis after Standard & Poor's cut Italy's rating outlook and Spain's ruling Socialists suffered a setback in elections.
CBS former new anchor, Katie Couric is in discussion with ABC for afternoon talk show.
Intel Corp could suffer due to slowing processor shipments, rising competition and record capital expenditure levels this year, warned Goldman Sachs analysts, who in a rare downgrade, cut their rating on the stock to sell, sending its shares down nearly 3 percent.
New claims for unemployment benefits fell more than expected last week, but a rise in the four-week moving average to a six-month high indicated the labor market recovery will remain painfully slow.
The number of Americans filing new claims for jobless benefits fell last week, but other data on home sales and regional factory activity suggested the economy remained on a moderate growth path.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the labor market recovery remains on track.
Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies in an uneven economy, sending its shares down more than 8 percent.
Housing starts and permits for future home construction fell in April as an overhang of homes on the market discouraged builders from taking on new projects, pointing to prolonged weakness in the housing sector.
Housing starts and permits for future home construction fell in April as an overhang of homes on the market discourages builders from taking on new projects, pointing to prolonged weakness in the housing sector.
Housing starts and building permits fell in April and factory output slumped as automobile part shortage crimped production, showing the economy off to a weak start in the second quarter.
U.S. stocks fell on Tuesday, with the S&P 500 and the Nasdaq falling below their 50-day moving average, as a negative outlook from Hewlett-Packard Co and weak U.S. economic data raised jitters about the state of the recovery.
Stock index futures fell on Monday as investors shed riskier assets before euro zone finance ministers meet to discuss the region's debt crisis.
Stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback.
Starbucks has stopped buying coffee for the moment as it waits for coffee prices to pull back from a 34-year high, John Culver, president of Starbucks Coffee International, was quoted on Friday as saying.
Starbucks expects coffee prices to pull back from a 34-year high, John Culver, president of Starbucks Coffee International, was quoted on Friday as saying.
Oil rose more than $1 on Friday, taking benchmark U.S. crude futures back above $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar.