The economic picture got considerably messier this week, as positive data on job creation battled with gasoline-price-fueled inflation concerns in economists', policymakers' and consumers' minds. Joyous declarations that the economy is finally getting better have turned into more studious critiques of how the incipient recovery is actually affecting poor, working-class and middle-class people.
Many cities across the United States are still scrambling to help their residents overcome the economic recession that officially ended more than two years ago, according to a survey released on Friday by the National League of Cities.
Leaders of China and India, two of the world's biggest economies, are responding to a decline in their nation's blistering rates of growth by focusing on virtually identical ways to stimulate bank lending and regain financial momentum.
Stocks rose on Friday, adding to their best two-day run in nearly three months, after a report showed the economy added more jobs than expected in February.
Smoking among America's youth has reached epidemic proportions, starting them on the path to a lifetime of addiction, the U.S. surgeon general's office said in its first report on youth smoking since 1994.
Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
Simon Property Group Inc. (NYSE:SPG), the largest U.S. mall owner, said Thursday it is acquiring a 28.7 percent interest in Klepierre, a shopping center operator based in Paris, for about $2 billion.
Two of Europe's main central banks announced Thursday they would be keeping their benchmark interbank lending rates unchanged, in an expected move that analysts see as an acknowledgement of creeping inflation and policy exhaustion.
Apple's third generation iPad - named 'New iPad' - has been unveiled finally. The new tablet boasts of Retina Display, A5x chip, 4G LTE and 5-megapixel Rear-Facing (iSight) Camera, among other things.
The top aftermarket NYSE gainers Wednesday were: Flotek Industries, Crown Castle International Corp, Community Health Systems, El Paso Corp, Global Cash Access Holdings and Hovnanian Enterprises. The top aftermarket NYSE losers were: H&R Block, Jones Group, American International Group, Standard Pacific Corp, National Retail Properties and Texas Industries.
The U.S. Justice Department is threatening to sue Apple and five major U.S. publishers for allegedly fixing the price of e-books, according to a report in The Wall Street Journal.
Facebook Inc added 25 banks to help underwrite the company's initial public offering, meaning most of Wall Street will have a role in the share sale, according to an amended IPO filing on Wednesday.
HSBC announced on Wednesday an agreement to sell its insurance businesses in emerging markets for $914 million in cash, in a continuing effort to offload non-banking assets.
While customers and investors need to wait a little more before Apple introduces its update to the iPad2, here are three key items to bear in mind.
There continue to be multiple signs that the U.S. economy is expanding at a solid clip.
Stella McCartney sent models down the runway in sporty but sophisticated school girl outfits on Monday, as cutesy collars and flouncy skirts found an anchor in classic English tailoring and rich country tweeds.
The U.S. non-manufacturing activity index increased in February to 57.3 percent, up from 56.8 percent in January as growth accelerated, the Institute for Supply Management (ISM) said Monday.
The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased. Check out expectations of Budget 2012-13.
The reintroduction of the government subsidy in Japan on fuel-efficient vehicles, which propelled a big increase in retail spending and industrial production in January, will generate negligible benefit to the economy of the country, according to a report.
Ford Motor's Focus Electric, the company's first electric passenger car, has been crowned by the U. S. Environmental Protection Agency (EPA) with the certification of the most fuel-efficient five-passenger vehicle in the country.
New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.
Big Lots (NYSE: BIG) reported on Friday a 4.2 percent increase in its fiscal fourth quarter profits, beating analysts' expectations through high demand for its discounted products.