Mortgage giant Freddie Mac posted net income of $227 million for the fourth quarter, down sharply from the same period of 2013, as it sustained losses on the investments it uses to hedge against swings in interest rates.
President Barack Obama's top economists say that even as the U.S. has managed to kick start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.
U.S. wholesale prices fell by a record amount in January, led by the biggest drop in gasoline prices in six years.
U.S. homebuilders slowed the pace of construction in January, breaking ground on fewer single-family houses ahead of the spring buying season.
U.S. factory production edged up last month as manufacturers cranked out more computers, clothing and steel and other metals, offsetting declines in autos and aerospace.
Even though Americans spent $6.7 billion less at gas stations in January than they had two months earlier, the extra cash didn't get spent anywhere else: Retail sales, excluding gas, fell slightly from November to January.
Making good on its vow to seek new, non-gambling attractions, Atlantic City has redevelopment plans that include a giant Ferris wheel and zip line on the beachfront next to the Steel Pier, and restaurants, a rebuilt Boardwalk and an elevated walkway in its Inlet neighborhood.
The nation's top labor official is bringing a clear message to dockworkers and their employers whose contract dispute has crippled international trade through the West Coast's seaports: Reach a deal, and fast.
U.S. homebuilders say sales prospects and buyer traffic fell slightly this month.
Like the rest of this town, Watford Elementary School has been transformed by the oil boom.
Three weeks into a walkout at 11 refineries around the country, the impact on the prices of gasoline, diesel and other fuels is barely discernable.
Burger King and Tim Hortons parent company Restaurant Brands International reported a quarterly loss Tuesday, dragged down by costs related to the deal to combine the two chains, but said key sales figures rose.
West Coast seaports that were all but shut over the holiday weekend because of a contract dispute are reopening as the nation's top labor official begins his efforts to solve a stalemate between dockworkers and their employers.
Robin Hayes, the new CEO of JetBlue Airways, is balancing between passengers and Wall Street.
For anyone betting on the Northeast's casino bonanza, the odds are long on projects hitting financial expectations.