A report citing anonymous sources claims the tech giant is looking to build its first electric car within five years. Reports last week that Apple is secretly developing an electric car triggered a frenzy of speculation in the tech and auto industries....
As the job market gains steam, Federal Reserve Chair Janet Yellen faces a massive challenge to adjust her monetary levers just right: She wants to keep the recovery going without stoking a bubble or spurring inflation. It's a delicate balance...
Stocks were higher today after encouraging news from the eurozone. The S&P 500 closed at a record high. Eurozone GDP grew 0.3% in the fourth-quarter, above the 0.2% growth expected by economists. The outperformance was driven by an acceleration of...
Stocks rose in early trading today after an upbeat jobs report but then pared gains to end lower after S&P further downgraded Greece. The U.S. economy added 257,000 jobs in January, well above expectations. December and November’s jobs data was also revised...
Greek stocks and bonds took a beating Thursday after the European Central Bank fueled an increasingly tense standoff between the Greek government and its international creditors. Athens’ main stock index fell by as much as 9%in early trade before ending...
Denmark’s central bank scrambled to defend its currency peg Thursday, cutting its benchmark interest rate for the fourth time in less than three weeks. The krone’s peg to the euro has been under strain since the European Central Bank announced...
Russia’s central bank surprised financial markets with a two-point cut in its key interest rate Friday, sending the ruble lower even as the bank said the currency was showing signs of stabilization. The bank had come under heavy pressure from...
American consumers stepped on the gas in the fourth quarter, just as companies hit the brakes. The result was that while the world’s largest economy grew at a 2.6 percent annualized rate, the gain fell short of the median forecast...
Investors have a message for suffering U.S. oil drillers: We feel your pain. They’ve pumped more than $1.4 trillion into the oil and gas industry the past five years as oil prices averaged more than $91 a barrel. The cash...
Hedge funds are snapping up gold, pushing their net long positions to levels not seen for almost two years. Meanwhile, analysts are split over what 2015 will hold for the precious metal. Speculative investors bought gold for a fourth successive week...
More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted...
Even as U.S. stocks post the longest stretch of 1 percent swings since 2012, volatility expectations are falling across asset classes. A Bank of America Corp. gauge of market swings in stocks, bonds, currencies and commodities has dropped from a...
A ranking of America's top jobs found that financial advice increasingly is a terrific profession, moving up 16 spots on the U.S. News and World Report list from last year. “Financial adviser” ranked No. 25 of the 100 Best Jobs...
Paying for retirement is a daunting prospect for many workers who are now approaching the end of their careers. Longer life spans, money lost in the stock market plunge and fears about the efficacy of Social Security are enough to...
WHEN does the level of debt in an economy become “too much”? It is a very hard question to answer, not least because debt is a highly useful tool, allowing business to invest for the future and consumers to smooth...
