09/30/14 08:45 AM
SAN JOSE, Calif. (AP) — The mobile payment service PayPal is splitting from eBay and will become a separate and publicly traded company next year. Almost a year after billionaire Carl Icahn opened a proxy fight and pressured eBay for a spinoff of PayPal, eBay President and CEO John Donahoe...
09/30/14 08:30 AM
BANGKOK (AP) — Global stocks turned higher on Tuesday, recovering from recent losses, though investors were monitoring protests in Hong Kong, a major financial center, as a potential risk to stability in Asian trading. KEEPING SCORE: France's CAC-40 rose 1.2 percent to 4,411.67 and Germany's...
By Joseph Lawler | 09/29/14 07:18 PM
Mark Calabria, the director of financial regulation studies at the Cato Institute, said, "I suspect the suspicion that AIG was assisted to help its counter-parties will be reinforced. I suspect we will also learn that the regulators were making it all up as they went along."
09/30/14 12:30 AM
BANGKOK (AP) — Asian stocks were mostly lower Tuesday after Wall Street's losses overnight and pro-democracy protests in Hong Kong, a major financial center, added to worries about political risk. KEEPING SCORE: Hong Kong's Hang Seng Index tumbled 1.2 percent to 22,945.80 points after...
By Joseph Lawler | 09/29/14 03:16 PM
Republicans may not be able to hit home runs if they take over the Senate in November, but Paul Ryan says he hopes his party can hit singles and doubles when it comes to spending and taxing.
By Lisa Ruhl | 09/29/14 02:17 PM
Vice President Joe Biden, joined by Secretary of Education Arne Duncan and Secretary of Labor Thomas Perez, announced the winners of $450 million in job training grants.
By Sean Higgins | 09/29/14 01:08 PM
Soaring levels of student loan debt are not only burdening recent graduates but have created entire generations that aren't able to save and invest, potentially hurting long-term economic growth.
09/29/14 12:45 PM
WASHINGTON (AP) — Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year. Consumer spending in August rose 0.5 percent from the previous month after showing no gain in July, the Commerce...
By Joseph Lawler | 09/29/14 11:42 AM
The Geneva Report on the World Economy published Monday notes that, contrary to popular belief, the world is becoming more indebted in the wake of the debt-fueled 2008 financial crisis, not less.
09/29/14 11:15 AM
WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in August, suggesting that real estate sales will remain sluggish over the next few months. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index fell 1 percent over the past month...
09/29/14 09:45 AM
NEW YORK (AP) — U.S. stocks are opening sharply lower, following losses overseas. Asian markets closed mostly lower as investors fretted over the pro-democracy protests in Hong Kong, where the main Hang Seng index fell 1.9 percent The Dow Jones industrial average fell 153 points, or 0.9...
09/29/14 07:16 AM
WARSAW, Poland (AP) — Even as the U.S. and European Union seek a major free trade deal, Poland and the U.S. should intensify their commercial ties in areas ranging from construction to energy security, U.S. Secretary for Commerce Penny Pritzker said Monday. Pritzker told a meeting of Polish and...
09/23/14 04:23 PM
Mytheos Holt for the R Street Institute: High-end electric car consumers, rejoice. If you want to buy one of the famous Tesla cars and you live in Massachusetts, you can now do exactly that. Massachusetts’ Supreme Judicial Court decided to lift the ban on Tesla sales within the state, following...
09/29/14 12:15 AM
Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy. Investments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released Monday...
By Susan Crabtree | 09/28/14 08:47 PM
President Obama predicted that Democrats would be able to hold majority control of the Senate in the critical midterm elections this November and said his record of fixing the economy is better than any other world leader's.
By Luke Rosiak | 09/29/14
By Byron York | 09/29/14
By Paul Bedard | 09/29/14
By Paul Bedard | 09/29/14
By David M. Drucker | 09/29/14