Retail sales rose 0.2 percent in August, half the rate analysts expected. Consumer sentiment falls, mortgage rates rise, and Obama administration denies report that it has picked a new Fed chairman.
Midway negotiations end as one bidder drops out and Chicago Mayor Emanuel calls it quits. Also this week in the economy: unemployment falls for the wrong reasons; Beige Book reveals modest to moderate economic growth; and Yahoo! picks a new logo.
Auto sales for August are on pace to have their best month in six years, with pickup trucks leading the charge. But along with higher auto sales come higher prices.
Weak housing numbers released this week have some analysts worried that the housing recovery is losing momentum. Personal income lags, durable goods fall, and Dunkin' Donuts gets in hot water for a 'blackface' ad campaign in Thailand.
A controversial CEO, Ballmer has struggled to keep Microsoft relevant as the Internet and smartphones pass the PC by. Also this week: Fed minutes released, housing sales send mixed signals, J.C. Penney gets 'poison pill.'
New home sales fell a whopping 13.4 percent in July, an unexpected drop that has darkened the sunny outlook for the US housing recovery. Climbing mortgage rates and higher prices could be to blame.
Fast-food restaurant chains are constantly rejiggering their menus in the hopes of luring new customers and coming up with the next buzzworthy food item. But often, when restaurant chains swing for the fences, they miss. Here are some of the most memorable fast-food failures of the past few decades.
Existing home sales leaped 6.5 percent in July, their highest level since last 2009 when a tax credit artificially boosted sales. But some analysts worry that rising interest rates and continuing low inventory could put a damper on existing home sales in the coming months.
Second newspaper starts up in Long Beach, while online news provider Patch slashes its staff. Yahoo's online-savvy CEO makes a fashion statement – in a magazine. This week in the economy.
Hyundai recall of 260,000 vehicles involves two separate issues with corrosion and axle alignment. So far, no accidents or injuries have been reported as a result of the Hyundai recall.