Business/Finance :: Finance

AP Photo/Seth Wenig, File

Stock Indexes Head Higher in Afternoon Trading

May 21
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.

Bottles of Heinz organic tomato ketchup are on display inside Costco in Mountain View, Calif.

Rising Consumer Demands Aids Organic Industry Sway

By Mary Clare Jalonick | Friday May 17, 2013
The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.
Trader Kevin Lodewick works on the floor of the New York Stock Exchange.

Stocks Rise on Hopeful Signs for the US Economy

By Steve Rothwell | Friday May 17, 2013
Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.
Specialist Allison Gamba works at her post on the floor of the New York Stock Exchange.

Stocks Edge Higher in Early Trading on Wall Street

Tuesday May 14, 2013
Stock indexes are moving higher in early trading on Wall Street as a record-breaking advance on the stock market got moving again.
The skyline of the city of Detroit.

Report: Detroit’s Finances Crumbling; Future Bleak

By Corey Williams | Monday May 13, 2013
Detroit is broke and faces a bleak future given the precarious financial path it’s on, according to a new report out by the city’s state-appointed emergency manager.

US Retail Sales Rise in April on Cars, Clothing

By Martin Crutsinger | Monday May 13, 2013
Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this spring.
Money traders work under a screen indicating the U.S. dollar is traded at 100.835 yen.

Dollar Rises Above 100 Yen for 1st Time in 4 years

By Elaine Kurtenbach and Malcolm Foster | Friday May 10, 2013
The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved U.S. economic figures.

IMS: US Medicine Spending Shows Rare Dip in 2012

By Linda A. Johnson | Thursday May 9, 2013
Spending on prescription medicines in the U.S. fell for the first time in decades last year, slipping as cash-strapped consumers continued to cut back on use of health care services.
Traders John Yaccarine, left, and James Dresch wortk on the floor of the New York Stock Exchange.

Stocks Ease as Earnings Fall, Day After Dow Record

Wednesday May 8, 2013
Stocks are edging lower on Wall Street in early trading, a day after the Dow Jones industrial average closed above 15,000 for the first time.
People enter an unemployment registry office in Madrid

UN: Global Youth Unemployment Rate is Rising

Wednesday May 8, 2013
Youth unemployment is likely to rise globally to 12.8 percent by 2018, wiping out gains made in the recent economic recovery, the U.N.’s labor office said Wednesday.

US Job Postings Fell in March; Hiring Slowed

By Christopher S. Rugaber | Tuesday May 7, 2013
U.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth.