U.S. consumer credit expanded in March at the fastest pace since late 2001, boosted by a rebound in credit-card use, and higher student and car loans, data from the Federal Reserve showed Monday.
Ron Paul's supporters have made their intentions clear: changing the Republican Party from within surpasses any devotion they may have towards the Libertarian Party and its candidate, Gary Johnson.
The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.
CEOs of major U.S. corporations have seen their pay increase by 725 percent between 1978 and 2011. In the same time, worker compensation grew by a painfully slow 5.7 percent.
The U.S. economy added far fewer jobs than expected in April, while the unemployment rate edged down as more people gave up hope of finding jobs, reinforcing the fear that the job market recovery could be losing steam.
Employers likely increased hiring in April, although not enough to lower the country's 8.2 percent jobless rate, keeping pressure on President Barack Obama ahead of his November re-election bid.
The part-nationalized bank is expected to make the announcement on Friday during its first-quarter update, where it will also announce pre-tax losses of under £50 million, down from losses of £106 million this time last year.
The risk of inflation is keeping the Federal Reserve from doing more to support the U.S. economy, even though the threats to price stability are reasonably contained at present, a Fed official said Thursday.
European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.
Nonfarm productivity fell in the first quarter as companies hired more workers to maintain output, but a moderate rise in wages suggested little pressure on company profits and inflation.
Hiring in the U.S. probably picked up somewhat in April after a disappointing showing in March renewed fears of another spring slump in the labor market, economists said in anticipation of the April non-farm payroll report due Friday.
Gold prices retreated towards $1,650 an ounce on Wednesday as the dollar strengthened against the euro, after a downbeat reading of euro zone manufacturing activity contrasted with stronger data from the United States.
Ron Paul and economist Paul Krugman faced off for the first time Monday in a debate video that is essential viewing for any fan of either Paul.
U.S. authorities arrested five self-described anarchists in the Cleveland area for allegedly plotting to blow up a four-lane highway bridge over a national park, but had no ties to foreign terrorism, the U.S. Justice Department said on Tuesday.
Gold touched two-week highs on Tuesday, set for its longest stretch of daily gains in eight months, after a rally in the dollar fizzled out as investor concern escalated over the resilience of the U.S. and euro zone economies.
The one constant that we can rely on is the willingness of the Federal Reserve to act promptly if the data were to become unambiguously negative
Manufacturing activity indexes for April released Monday showed a further slowdown across the nation in a confirmation of a statistical trend seen in other data releases last week that points to weaker growth in the second quarter.
Americans spent their hard-earned money a bit more cautiously in March while personal income rose by the most in three months, according to government data released Monday.
Futures on major US stock indices point to a lower opening Monday ahead of economic data including core PCE price index and Chicago PMI.
Asian stock markets ended with gains on Monday as disappointing US economic activity data boosted hopes for further monetary stimulus from the Federal Reserve.
U.S. stock index futures pointed to a steady open on Wall Street on Monday, with futures for the Nasdaq 100, the S&P 500 and the Dow Jones staying flat.
Gold held near a two-week high on Monday on prospects of more safe-haven buying, with the U.S. dollar under pressure from weaker-than-expected economic data and speculation the Federal Reserve could ease policy further to boost growth.
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