Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
Stock slump continues on Wall Street
The Associated Press |
posted 36 minutes ago
A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program.
Ralph Lauren's 4Q profit rises 35 pct
Anne D'innocenzio, Associated Press |
posted 46 minutes ago
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices. But economic challenges here and abroad and the move to eliminate some businesses to focus on the most profitable ones cut into sales.
Applications for US unemployment aid fall to 340K
Paul Wiseman, Associated Press |
posted 49 minutes ago
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.
US equities sell-off goes on; futures slump
Associated Press |
posted May 23rd - 7:06am
The momentum of a late sell-off on Wall Street carried over into a second day, sending U.S. futures and global stock markets into retreat.
IMF head Lagarde in court in fraud probe
Associated Press |
posted May 23rd - 2:45am
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.
A mother's financial worth is more than you think
Nicole Carpenter, Ksl.com Contributor |
posted May 22nd - 9:46pm
When it comes to money, do you struggle with the thought: "Who am I to think I deserve this?" Well, you do deserve it, and here's why.
Ford to end auto production in Australia in 2016
Kristen Gelineau, Associated Press |
posted May 22nd - 9:20pm
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
US rate on 30-year mortgages rises to 3.59 pct.
The Associated Press |
posted 24 minutes ago
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
ECB official: New bank authority 'indispensable'
Juergen Baetz, Associated Press |
posted May 23rd - 7:23am
A top European Central Bank official says an agency with powers to restructure and wind down busted banks is "indispensable" to strengthening the continent's banking system against future turmoil.
Marathon Oil says talks end on possible stake sale
Associated Press |
posted May 23rd - 7:06am
Marathon Oil says talks on a potential sale of part of its stake in the Athabasca Oil Project in Canada have ended.
J&J forecasts 10 new drug applications by 2017
Associated Press |
posted May 23rd - 6:31am
Johnson & Johnson says it plans to submit more than 10 new treatments to regulators for approval and 25 applications for additional uses of approved drugs by 2017.
Survey shows China manufacturing contracting
Joe Mcdonald, Associated Press |
posted May 23rd - 5:03am
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.
On top of big salaries, companies pile on perks
Christina Rexrode, Associated Press |
posted May 22nd - 9:10pm
Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000.
GM recalling Cadillac SUVs to tighten wheels
Associated Press |
posted May 22nd - 5:03pm
General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.
Tesla uses stock, note sale to repay government
Tom Krisher, Associated Press |
posted May 22nd - 4:36pm
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.
Markets
DJIA
15248.79
-58.38
Nasdaq
3453.01
-10.29
S&P 500
1646.28
-9.07
Most Popular
CNBC Top Headlines
US New Home Sales Rise; Median Price Hits Record
Thu, 23 May 2013 14:01 GMT
Bernanke and IRS: Two Brewing Storms?
Thu, 23 May 2013 13:30 GMT
HP's Whitman: Revenue Growth Possible in 2014
Thu, 23 May 2013 13:15 GMT
Manufacturing Slips to Seven-Month Low
Thu, 23 May 2013 13:01 GMT
Does Asia Slump Signal US Correction?
Thu, 23 May 2013 12:54 GMT
CNNMoney.com Headlines
Global markets in turmoil
Thu, 23 May 2013 09:50:03 EDT
Jobless claims fall, pointing to better May
Thu, 23 May 2013 09:11:39 EDT
Eurozone business still going backwards
Thu, 23 May 2013 08:35:48 EDT
JLo's new gig: Verizon retailer
Thu, 23 May 2013 07:35:04 EDT
Bitcoin more powerful than fastest supercomputers
Thu, 23 May 2013 07:23:11 EDT
NYTimes.com Biz News
Jobless Claims Drop More Than Expected
Thu, 23 May 2013 13:51:07 GMT
Wall St. Opens Lower After Worldwide Slump
Thu, 23 May 2013 13:49:30 GMT
DealBook: In a Plus for Electrics, Tesla Repays a Big Federal Loan Early
Thu, 23 May 2013 13:31:26 GMT
Global Stocks Slip on Signs of Economic Stress in China and Japan
Thu, 23 May 2013 13:01:43 GMT
Ford Plans to Shut Its 2 Plants in Australia
Thu, 23 May 2013 12:21:30 GMT
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