Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.
May 28, 2015BusinessFuel
Iraq Set to Flood Oil Market to Further Undercut US Shale
Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.
May 27, 2015GovernmentBusinessSafety
Transportation Crippled as Flooding, Tornadoes Ravage Texas, Oklahoma
More than 10 inches of rain flooded Houston the morning of May 26, closing freeways and prompting the suspension of all public transit. See photos.
May 26, 2015Business
New °®¶¹´«Ã½ Purchases Exceed Expectations in April
Purchases of new homes in the United States rose more than projected in April, a sign this part of the market is picking up steam during the busiest selling period of the year.
May 26, 2015Business
Durable Goods Orders Dip in April
Durable goods orders in the United States fell 0.5% in April, while orders for capital equipment showed gains for a second straight month, a sign U.S. business investment could pick up in the second half of the year.
May 26, 2015Business
Jobless Claims Fall to 15-Year Low
The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen.
May 21, 2015BusinessAutonomous
Driverless Vehicles May Cut US Auto Sales by 40%, Analyst Says
U.S. auto sales may drop about 40% in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays analyst said.
May 20, 2015Business
E-Commerce Increases 3.5%
Sales on e-commerce websites increased 3.5% in the first three months of the year from the previous quarter, reaching a record $80 billion worth of purchases, according to seasonally adjusted figures released by the Commerce Department on May 15.
May 20, 2015Business
Housing Starts Jump to Seven-Year High, Permits Rise
New residential construction in the United States surged in April to the highest level in more than seven years, indicating the industry regained its footing after the soft patch at the beginning of the year.
May 19, 2015Business
Lower Fuel Prices Expected to Push Memorial Day Travel to 10-Year High
U.S. travel over the May 25 Memorial Day weekend is poised to reach a 10-year high as Americans with more money in their pockets are lured onto the roads by lower prices at the pump.
May 15, 2015