U.S. consumer prices recorded their biggest decline in six years in December and a gauge of underlying inflation failed to rise, which could make the Federal Reserve more caut ..
The U.S. Federal Reserve said Friday it will establish a community advisory council of 15 citizens to meet regularly with central bank officials for a broad conversation on th ..
The poor and the wealthy have fared better under Obama than the majority of Americans in the middle. ..
The Federal Reserve should keep rates near zero for all of 2015, Minneapolis Fed President Narayana Kocherlakota reiterated on Friday, or risk slowing U.S. job growth and infl ..
China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with busin ..
Goldman Sachs Group Inc reported a 7 percent drop in quarterly profit as investment banking revenue slid and an unexpected bout of market volatility in December hit revenue in ..
After the second five-day losing streak this month traders remain nervous ahead of the holiday weekend. ..
Jim Chanos told CNBC on Friday he's been short major oil companies for a couple years because the North American shale explosion has been "uneconomical for drillers. ..
Ratings agency Standard & Poors said on Friday the Swiss National Bank's shock decision to scrap its three-year-old cap on the franc had no immediate impact on Switze ..
HOUSTON/LONDON (Reuters) - BP Plc (BP.L) will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less tha ..