All Latest News Wires
Fed independence at risk ... from GOP?Beyond focus on Bernanke's next moves, Jackson Hole meeting reveals mounting concern about political meddling with the Federal Reserve, especially if some radical Republicans are reelected.
Gas prices highest ever for a Labor DayGas prices averaged $3.83 a gallon Friday, easily beating the 2008 record of $3.68. Hurricane Isaac is party to blame for high gas prices.
US stock futures up ahead of Bernanke speechStock market anticipates Bernanke will signal that the Federal Reserve is considering more monetary easing. Much anticipated Bernanke speech takes place at 10 a.m. ET.
Facebook stock struggles, but company focuses on new featuresFacebook stock has lost nearly half its market value since the launch. As a company, can Facebook move past its stock troubles and further develop new programs and features, including beefing up their mobile business?
Stocks edge up on revised GDPStocks rise as US revises upward its estimate of GDP growth from 1.5 to 1.7 percent. Among big stock movers, WellPoint climbs 8 percent; Heinz falls 2 percent.
New GDP numbers do Obama no favorsAmerican GDP grew a tepid 1.7 percent in the second quarter, suggesting a weak winter ahead.
Richard Eggers arrested for fake dime in 1963. Fired in 2012.Richard Eggers's fake dime crime 49 years ago has caused Wells Fargo to fire him in the wake of tightened federal rules on hiring. Richard Eggers says his use of a fake dime in a laundromat was a 'stupid stunt.'
Home sales hit 2-year high. Is the housing market back?Home sales agreements for previously occupied homes jumped 2.4 percent in July, the National Association of Realtors said Wednesday. The increase is the latest sign that the home sales are finally rebounding five years after the housing bubble burst.
Federal Deposit Insurance Corporation: Bank profits up from 2011Federal Deposit Insurance Corporation (FDIC) said Tuesday that the banking industry earned $34.5 billion in the second quarter, up from $28.5 billion in the second quarter of 2011. Banks were also less cautious about lending, though earnings growth remained 'sluggish' according to the Federal Deposit Insurance Corporation.
Consumer confidence index takes a big hit in AugustConsumer confidence index in the US plunged to its lowest level since November 2011, hinting the Americans are feeling worse about the economy than they have in a long time. The drop in the consumer confidence index is the latest swing for the volatile measure, which has been on a roller-coaster for much of the past year.
European Central Bank prez skips key financial meetingEuropean Central Bank president Mario Draghi will skip Friday's pivotal meeting of the world's central bankers in Jackson Hole, Wyo. Mr. Draghi has promised that the European Central Bank will do everything it can to save the euro, sending the currency's value surging to seven-week highs.
Why Apple escalated its war on Samsung – and wonApple, Samsung battle began two years ago and devolved into a fundamental disagreement over the importance of design patents. Samsung now faces huge damages and a potential ban on sales of its Galaxy smartphones and tablets.
School supplies: More toxic than toys?School supplies contain higher levels of toxics than federal rules allow for toys. New York Sen. Schumer wants to give EPA more control over toxic chemicals in school supplies and other consumer products.
Gas prices rise as Isaac throttles the GulfGas prices are expected to jump 10 cents Monday to $3.008 per gallon. The rise in gas prices comes as Tropical Storm Isaac churns its way through the Gulf of Mexico.
Does Apple patent victory mean fewer smartphone choices?Apple's $1 billion jury award may keep others from making Android smartphones, fearing an Apple lawsuit. Samsung vows to fight the verdict.
Apple vs. Samsung: California jury awards Apple $1 billionA jury decided Friday that Samsung stole Apple's iPhone and iPad technology. Judge has not yet ruled on whether Samsung must pull all of it's smartphones and tablets from the US market.
Bernanke: More room for Fed action. Market runs up.Dow reverses early losses and climbs 100 points after a letter from Ben Bernanke surfaces. The letter says the Federal Reserve has room to take more action to strengthen the economy.
Red Vines black licorice recalled. Too much lead.Red Vines black licorice with the 'Best Before' date of 020413 contains more than twice the recommended daily limit of lead for young children. Customers can return affected bags of Red Vines black licorice for a full refund.
New home sales match two-year highNew home sales in July climb 3.6 percent, matching May's total of new home sales. The supply of new homes for sale falls to a 49-year low.
Stocks retreat as conviction about Fed fadesDow sees its biggest loss in more than a month as traders reassess what moves the Federal Reserve might make next month. S&P 500 falls 11 points. Gold jumps.
