Stocks surged Tuesday afternoon on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
U.S. home prices rose solidly in June, another sign of health in the housing market.
U.S. consumer confidence rebounded in August to the strongest reading in seven months after having fallen sharply in July.
Providing political ammunition to both parties, Congress' official budget analyst projected Tuesday that this year's federal deficit will drop to $426 billion, the lowest shortfall of Barack Obama's presidency.
Best Buy's turnaround is charging ahead. The nation's largest consumer electronics chain posted fiscal second-quarter results that handily beat analysts' estimates as shoppers picked up major appliances, large screen televisions and mobile phones.
Teens are shopping like their parents during the back-to-school season, and that's putting a lot of pressure on retailers to change the way they market to them.
The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday.
Target Corp. has agreed to pay $2.8 million to settle a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission.
Pushing back against fossil fuel interests, President Barack Obama is pressing to give ordinary Americans more power to choose what kind of power they use.
The Russian ruble plunged 2.3 percent on Monday to hit a seven-month low amid a further drop in oil prices, the country's key export.
As China's economy has grown and skyscrapers sprouted in cities extending ever westward from the Pacific coast, Otis Elevator Co. went along for the ride.
Plunging oil prices are giving travelers a break as the summer driving season winds down.
For years, investors in U.S. stocks shrugged off threats - a government shutdown, fear of a euro collapse, a near U.S. debt default - and just kept on buying. At the sixth anniversary of the bull market in March, the Standard and Poor's 500 index had more than tripled in value.
Deere & Co. on Friday cut its full-year outlook because it expects the weak agriculture and energy sectors to continue dragging down equipment sales.
Unemployment rates fell in 24 U.S. states last month, including some of those with early presidential nominating contests.