July 31, 2013 Both Janet Yellen and Lawrence Summers have awe-inspiring credentials. So Obama's decision seems to come down to whose understanding of the economy most closely matches his own, and which candidate is likeliest to have people looking back years from now saying: "That was an inspired pick."
July 31, 2013 After a policy meeting the Federal Reserve also decided to leave its interest rate unchanged. It promised that would be the case, as long as economic conditions demand it.
July 31, 2013 It has been more than a year since Facebook's stock debuted at $38 in its initial public offering. But after a problematic start and a slide below $20 last year, the company saw its shares' value reach that initial price again in early trading Wednesday, one week after it reported strong results.
July 31, 2013 The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data from the Commerce Department. And U.S. companies boosted payrolls by adding 200,000 new jobs from June to July.
July 30, 2013 The S&P/Case-Shiller Home Price Index shows home prices were up 12.2 percent in May from a year ago.
July 29, 2013 Many of the new jobs will be at order-fulfillment centers that are spread across more than 10 states, the company says.
July 28, 2013 With the implementation of the Affordable Care Act looming, many employers are switching from traditional health care plans to what are known as high-deductible plans. These plans have lower premiums, but put patients on the hook for thousands in out-of-pocket expenses.