Business/Finance :: Finance

Workers are seen at the construction site of a new housing complex, in Trenton, N.J.

US New Home Sales Up 2.3 Percent in April

By Martin Crutsinger | May 23
U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.

Trader Gregory Rowe works on the floor of the New York Stock Exchange.

Stocks Mixed as Investors Reassess Fed Worries

By Steve Rothwell | Thursday May 23, 2013
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
The Hewlett-Packard Co. logo is seen outside the company’s headquarters in Palo Alto, Calif.

HP’s 2Q Offers Hope Even as Revenue Slump Deepens

By Michael Liedtke | Thursday May 23, 2013
Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens.
Specialist John Urbanowicz, left, talks with a colleague on the floor of the New York Stock Exchange.

Stocks Rise on Fed Stimulus Hopes, Home Sales

By Bernard Condon | Wednesday May 22, 2013
Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs.
AP Photo/Seth Wenig, File

Stock Indexes Head Higher in Afternoon Trading

Tuesday May 21, 2013
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.
Bottles of Heinz organic tomato ketchup are on display inside Costco in Mountain View, Calif.

Rising Consumer Demands Aids Organic Industry Sway

By Mary Clare Jalonick | Friday May 17, 2013
The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.
Trader Kevin Lodewick works on the floor of the New York Stock Exchange.

Stocks Rise on Hopeful Signs for the US Economy

By Steve Rothwell | Friday May 17, 2013
Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.
Specialist Allison Gamba works at her post on the floor of the New York Stock Exchange.

Stocks Edge Higher in Early Trading on Wall Street

Tuesday May 14, 2013
Stock indexes are moving higher in early trading on Wall Street as a record-breaking advance on the stock market got moving again.
The skyline of the city of Detroit.

Report: Detroit’s Finances Crumbling; Future Bleak

By Corey Williams | Monday May 13, 2013
Detroit is broke and faces a bleak future given the precarious financial path it’s on, according to a new report out by the city’s state-appointed emergency manager.

US Retail Sales Rise in April on Cars, Clothing

By Martin Crutsinger | Monday May 13, 2013
Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this spring.
Money traders work under a screen indicating the U.S. dollar is traded at 100.835 yen.

Dollar Rises Above 100 Yen for 1st Time in 4 years

By Elaine Kurtenbach and Malcolm Foster | Friday May 10, 2013
The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved U.S. economic figures.