Markets

Oil falls below $97 amid ample supply
The price of oil slipped back below $97 a barrel Tuesday after a sharp rise the day before as supply remains ample and demand tepid. Benchmark oil for ...
Oil rises on euro gains; pump price at $3.59
Gasoline prices leveled off in the Northeast, as the region's drivers hopped back in their cars after digging them out of huge snow banks over the ...
Senate Democrats craft bill to avert budget cuts
Top Senate Democrats have prepared a plan to slice the Pentagon's budget by $3 billion a year in an attempt to avoid far steeper cuts that defense ...
Obama to submit budget in mid-March
An administration official says President Barack Obama plans to submit his 2014 budget plan to Congress in mid-March. The budget was supposed to have ...
Banking lobby urges coordinated regulation
An association of the world's financial institutions is urging governments to better coordinate their banking rules. The Institute of International ...
Futures head higher; could test new levels
Futures are following overseas markets higher and U.S. indexes could be heading for new multi-year highs. Dow Jones industrial futures are up 29 ...
Oil dips slightly as Asia observes Lunar New Year
The price of oil dipped slightly toward $95 a barrel on Monday as investors cut back on speculative positions and most Asian markets were closed for ...
Amid Dominican port concerns, a surge in smuggling
The relationship between a U.S. Senator from New Jersey and a wealthy political benefactor has highlighted gaps in port security in the Dominican ...
Economy to be Obama's focus in State of the Union
President Barack Obama will focus his State of the Union address on boosting job creation and economic growth at a time of high unemployment, ...
Oman council backs wage-hike proposals
State television in Oman says the country's highest advisory body has backed proposals for a steep rise in the minimum wage and curbs on foreign ...
Obama asks Congress for short-term budget fix
President Barack Obama is pressing Congress to pass another short-term mix of spending cuts and tax changes while they hash out a broader budget deal.
US orders shutdown of bus company in Calif. crash
Federal regulators on Friday ordered a tour bus operator involved in a Southern California crash that killed eight people to immediately stop ...
Venezuela sharply devalues its currency
Venezuela's government announced Friday that it is devaluing the country's currency, a long-anticipated change expected to push up prices in the ...
EU leaders agree to $1.28 trillion 7-year budget
European Union leaders agreed Friday to a significantly reduced 7-year budget worth €960 billion ($1.28 trillion) — the first cut in spending in the ...
Budget cut woes leave military, families uncertain
With family members waving from a pier, sailors aboard a Navy destroyer left for an overseas mission with more uncertainty than ever about their ...
THE RESET: Obama on deck for 2nd big speech in row
Re-elected presidents and their speechwriters often have a verbal overload problem at the outset of second terms: They must produce a State of the ...
Retired Russian colonel convicted of coup attempt
A retired Russian military intelligence colonel has been found guilty of leading a bizarre plot that envisioned a group of elderly people taking over ...
China's trade picks up, inflation eases
China's trade picked up and inflation eased in January as a shaky economic recovery gained traction. Much of the change was due to the Lunar New Year ...
EU leaders battle over budget at tough summit
A European Union summit to decide EU spending for the next seven years entered a second day after all-night negotiations left a standoff over spending ...
US consumer debt up in Dec. on student, auto loans
Americans stepped up borrowing in December to buy cars and attend school. But they cut back sharply on credit card use, continuing a trend that could ...
Panetta says US at risk of being second-rate power
The United States is at risk of becoming a second-rate power if automatic budget cuts go into effect, plunging the U.S. armed forces into the most ...
Oil prices fall on ECB chief's comments on euro
The price of oil fell below $96 per barrel Thursday after the head of the European Central Bank expressed concern over a recent rise in the euro.
Ireland seals ECB deal to slash bank bailout costs
Ireland clinched a long-sought agreement Thursday with the European Central Bank to restructure the loans used to bail out its failing banks, a deal ...
Stocks retreat as weak earnings provide no joy
The stock market closed lower, and the rally which has pushed indexes close to record levels stalled. Stocks fell as weaker earnings and worries about ...
THE RESET: Panetta presses attack on Pentagon cuts
The Senate's delay on Chuck Hagel's nomination to be defense secretary is giving outgoing Pentagon chief Leon Panetta a bigger megaphone and more time ...