As of March 2014, American consumers owe $11.52 trillion in debt, an increase of 1.6% from last year. The average household owes $7,115 on their credit cards and the average i ..
The phone rang when Michael Corbat was half a world away in South Korea. It was about 6 a.m. Wednesday morning in Seoul, and on the line was a Fed official, charged with deliv ..
Investors in some of the past year's hottest U.S. stocks have been given a savage lesson in the risks of so-called "momentum trading". A group of 24 such compan ..
The U.S. National Highway Traffic Safety Administration (NHTSA) began its investigation after two cars in the United States and one in Mexico caught fire. Tesla responded by r ..
The Thomson Reuters/University of Michigan's final March reading on the overall index on consumer sentiment came in at 80.0, up a tick from the preliminary 79.9 March rea ..
Stocks are moving higher in early trading as investors are encouraged by more evidence that Americans are spending more. BlackBerry rose 5 percent after the company reported r ..
Facebook is creating a laboratory to devise a way to provide web access from solar-powered drones or perhaps other “connectivity aircraft.” ..
A surge in consumer confidence helped boost economic sentiment in the euro zone in March to its highest level since July 2011, data from the European Commission showed on Frid ..
That's the dollar amount that banks hold in deposits in the U.S., which exceeded the value of all loans by a record $2.5 trillion last month. Banks are amassing more cash ..
Zillow's been flying under the radar, but Joe Fahmy of Zor Capital has it firmly in his sights ..