What's News US
Updated: 3 years 2 months ago
Regulators have spent the past five years trying to siphon risk out of the financial system, but the Federal Reserve sees one major piece of unfinished business: short-term funding.
ArcelorMittal's CEO said the purchase of a steel plant in Alabama from Germany's ThyssenKrupp would help his company benefit from the resurgent U.S. auto industry, one of the few bright spots in the global steel business.
Ahead of the Tape: There is no sign of the financial snafus that slammed Krispy Kreme a decade ago, but growth isn't all it seems.
The financial woes of smaller Italian banks are leading to cuts in lending that are hammering businesses, while communities contend with lost jobs and reduced charitable donations.
"The Hunger Games: Catching Fire" and "Frozen" both broke box-office records for five-day grosses over the holiday weekend.
Steep discounts on clothes and toys drew slightly more consumers to stores on Thanksgiving and Black Friday, but they continued to be frugal. Sales for the two days rose 2.3% from a year ago to $12.3 billion, ShopperTrak said.
A European plan to tax a sweeping range of financial transactions is facing new delays even after winning the support of Germany's biggest political parties.
Sales rose 2.3% to $12.3 billion on Thanksgiving and Black Friday as discounts and earlier hours drew slightly more shoppers into U.S. stores, according to preliminary results from market researcher ShopperTrak.
China got a mixed picture of its manufacturing health in November, as a gauge of factory activity showed expansion but with signs of weakness ahead.
There are few stocks like Tesla Motors, which has risen far and fast, accumulating strident adherents and steadfast detractors along the way.
Heads of state in East Africa signed a monetary-union deal, setting the clock on a 10-year timeline for the establishment of a regional single currency.
U.S. antitrust authorities will likely study the planned sale of an Alabama steel rolling mill to a consortium, ThyssenKrupp's CEO says.
The Federal Aviation Administration has advised U.S. commercial airlines to abide by China's newly declared air-defense zone.
In a move to reopen the new-issue floodgate following a 13-month hiatus, China's securities regulator issued IPO guidelines that give the market the job of judging value and risks.
Asia's biggest drug maker picked as candidate for its next CEO a GlaxoSmithKline executive who would be the first foreign national to head the Japanese company in its 232-year history.
ThyssenKrupp said it would sell its troubled Alabama steel plant to a joint venture formed by ArcelorMittal and Nippon Steel & Sumitomo Metal for $1.55 billion.
The Canadian unit of Chinese state-owned energy company Cnooc applied with Canada's federal energy regulator for permission to export liquefied natural gas from Canada's Pacific coast.
Coal has regained a little ground this year as the fuel of choice for U.S. power plants—except in Appalachia, where natural gas for electricity generation has become extremely cheap.
Gold prices dropped 5.5% in November, logging their worst showing for that month since 1978 as a brighter economic landscape fanned fears of reduced Federal Reserve stimulus.
Most bond investments lost ground in November amid renewed fears that the Federal Reserve could scale back its monthly debt purchases as soon as next month.