09/25/14 12:30 AM
SEOUL, South Korea (AP) — Asian stock markets were mostly higher Thursday after a surge in new home sales in the U.S. bolstered sentiment. But gains were limited by worries about Europe's stagnant economy and violence in Iraq and Syria. KEEPING SCORE: Japan outperformed the region with the...
By Sean Higgins | 09/24/14 05:48 PM
In addition to the millions for the top executives, Treasury approved more than $500,000 in pay for the top 47 senior employees at the companies, according to a report released Wednesday by Christy Romero, special inspector general for the Troubled Asset Relief Program.
09/24/14 04:15 PM
NEW YORK (AP) — The stock market had its best day in a month, shaking off a three-day slump. The Dow Jones industrial average gained 154 points, or 0.9 percent, to 17,210 Wednesday. The Standard & Poor's 500 index rose 15 points, or 0.8 percent, to 1,998. The Nasdaq composite rose 46 points,...
By Sean Higgins | 09/24/14 01:04 PM
A posting on the Office of Management and Budget's website has indicated that the rulemaking is in its final stage, meaning the announcement could come within days.
09/24/14 12:30 PM
WASHINGTON (AP) — U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast. The Commerce Department said Wednesday that new-home sales climbed 18 percent last month to a seasonally adjusted annual rate of 504,000. The report also revised up the July sales rate...
By Joseph Lawler | 09/22/14 07:01 PM
In a highly anticipated executive action, Lew said the Treasury Department was taking "initial steps that we believe will make companies think twice" about moving their headquarters abroad for tax purposes.
09/22/14 11:00 AM
WASHINGTON (AP) — Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million, the National Association of Realtors said Monday. That snaps a...
09/22/14 09:45 AM
NEW YORK (AP) — U.S. stocks are opening lower as investors worry about some soft economic data from China and a profit warning by the British retailer Tesco. The Dow Jones industrial average fell 19 points, or 0.1 percent, to 17,259 as of 9:35 a.m. Eastern time Monday. The Standard & Poor's...
By Joseph Lawler | 09/19/14 04:08 PM
The liquidity coverage rule would require banks to hold enough safe, liquid assets that would be sellable even in a crisis to fund their operations for at least 30 days.
By Michael Barone | 09/18/14 01:31 PM
The problem, says British-born, California-based historian Gregory Clark, is that upward mobility is something of a myth, in America and elsewhere.
By Joseph Lawler | 09/16/14 01:01 PM
Given the realities of the global environment, it is a far safer bet to assume that the U.S. will be required to spend something closer to the post-war average on national security than the historically low amounts built into Obama administration budget plans.
By Joseph Lawler | 09/19/14 07:58 PM
"In December, it was an open-and-shut case" to continue the program, said Michael Strain, an economist at the right-of-center American Enterprise Institute. "At this point, it's a much harder call to make."
By Lawrence Kudlow | 09/20/14 06:16 PM
For those who haven't been paying attention, the American dollar is in the midst of a rally not seen since the 1990s. It's racing past the euro, the yen and other currencies. Investors worldwide are buying the equivalent of stock in America, Inc.
09/20/14 04:30 PM
TOLEDO, Ohio (AP) — Ohio's identity is tied in many ways to what it has made for generations — steel, cars, glass, tires and, yes, even footballs. While manufacturing alone no longer dominates the state's economy, its fortunes and the fate of its political leaders still rise and fall with the...
09/20/14 03:45 PM
AUSTIN, Texas (AP) — The nation's housing secretary says a booming Hispanic population will drive the future of America's residential real estate market and predicts that a major overhaul of federal immigration laws would create a further boon to home sales across the country. Julian Castro,...
By Paul Bedard | 09/30/14
By Byron York | 09/29/14
By Becket Adams | 09/30/14
By Luke Rosiak | 09/29/14
By Philip Klein | 09/29/14