Economy

Policy: Economy

Stocks advance to put S&P 500 at record high

By KEN SWEET | 08/21/14 04:51 PM

Stocks advance to put S&P 500 at record high

NEW YORK (AP) — The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering...
Read More…

US housing recovery appears to be back on track

US housing recovery appears to be back on track

By CHRISTOPHER S. RUGABER | 08/21/14 05:27 PM

WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed...
Read More…

Bank of America settles for record $17 billion in mortgage inquiry

Bank of America settles for record $17 billion in mortgage inquiry

By Joseph Lawler | 08/21/14 10:11 AM

The Department of Justice said that it would be the single largest settlement with a U.S. business in history. The agreement includes $9.65 billion in cash paid out to federal and state agencies, and nearly $7 billion in consumer relief to borrowers hurt by the mortgage crisis.
Read More…

More Economy Articles

Related coverage

Concepts and topics

Economic sectors and industries

Government agencies and groups

Legislation, treaties, agreements and rules

Wall Street

People

Firms, companies and institutions: Wall Street

Firms and companies: Nationwide