Personal spending rose in July, but Americans were saving a smaller portion of their disposable income than the previous month. Personal spending rose by $44.1 billion, or 0.4%, after falling less than 0.1% the previous month. This came in above the 0.3% increase economists expected.
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Intel is buying Infineon Technologies’ wireless unit for $1.4 billion in cash, the second acquisition in two weeks for the U.S. chipmaker.
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Remember how everyone complained that banks weren’t doing enough to help troubled borrowers?
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Stocks opened modestly lower Monday after a report showed personal spending was on the rise but Americans were saving less of their disposable income.
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Despite the odds, these businesses have managed to stay truly all-American. But for how long?
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Hewlett-Packard once again raised its offer for storage company 3PAR on Thursday, outbidding Dell’s revised deal made earlier in the day.
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Netflix unveiled its long-awaited app for the iPhone on Thursday, sending the company’s shares almost 2% higher.
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Facebook, which has gone after sites with the word “book” in their names, is also trying to trademark the word “face,” according to court documents.
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Intel Corp. on Friday warned investors that its third-quarter revenue will fall below its forecasts.
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The financial crisis that destroyed some of the world’s biggest banks and sent others to the brink of failure have changed Americans’ idea of lending and borrowing. While most still seem to have no problems storing their money at banks small and large, a few trends indicate that everyone from consumers to some of the
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How does your house stack up against the rest of the nation? The Census Bureau is here to tell you.
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If you needed any more proof that the economy is slowing down, look no further than how well McDonald’s stock is doing.
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Teachers spend hundreds or even thousands of dollars of their own paychecks to buy classroom supplies, and that number could jump as school budgets get even tighter.
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The U.S. economy sputtered to a near stop in the second quarter, according to new estimates from the government released Friday, although the slowdown wasn’t as bad as many had feared.
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USA Today announced Friday that it is laying off 9% of its workforce and shaking up its editorial structure, as it “evolves” from newspapers towards multimedia.
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Federal Reserve chairman Ben Bernanke bluntly acknowledged that the U.S. economic recovery has lost considerable steam, but said the central bank has the necessary policy tools to support continued growth.
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A wave of weak economic reports has prompted some Democrats to embrace a short-term extension of the Bush tax cuts — even for the rich.
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The U.S. Justice Department said Friday that it has closed an investigation into the proposed merger of United and Continental, paving the way for the airlines to unite later this year.
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The economy is slowing, the Fed is cautious about the recovery and the world’s biggest chipmaker is lowering its sales forecast. But stocks rallied more than 1% Friday.
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In another ominous sign for the economy, the number of people falling behind on their mortgages for the first time is on the rise.
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Eight of the most highly contested seats in Congress are held by market-oriented New Democrats.
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