The government says the number of newly-laid off workers requesting unemployment insurance dropped last week after spiking the previous week due to auto layoffs.
A private research's group forecast of economic activity rose more than expected in April, the first gain in seven months.
Rates on 30-year mortgages inched downward this week, remaining below 5 percent for the tenth-consecutive week and just above record lows.
A large number of people let the money in their 401(k) plans languish after they lose their jobs — or simply choose to cash out their retirement accounts once they're terminated — according to a new report released by The Charles Schwab Corp.
The Federal Reserve expects the U.S. economy to improve in coming months, even as policymakers downgraded their outlook for all of 2009 and said the unemployment rate could approach 10%.
Toll Brothers Inc. said today its homebuilding revenue dropped by 51 percent in its fiscal second quarter, but the luxury homebuilder sees signs the real estate market is recovering.
The Bank of England's Monetary Policy Committee was unanimous in agreeing to expand its stimulus policy, called quantitative easing, but is unsure how effective the injection of billions of pounds is in boosting the economy, documents disclosed today revealed.
World stocks rose today as upbeat news about U.S. housing and banks and a sharp improvement in German investor sentiment suggested the world economy was headed for recovery.
A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.
Senators Charles E. Schumer, D-N.Y., and Maria Cantwell, D.-Wash., today introduced legislation called the Shareholder Bill of Rights that includes provisions to increase accountability and oversight at publicly traded corporations, including say on pay for shareholders.
