The proposed merger of AT&T and T-Mobile presents the Obama administration with a major anti-trust dilemma. Federal regulators will consider several factors to determine whether to allow the two telecom competitors to merge:
If a real shooting war came to the Koreas, the economic disruption would be global, though Asian nations likely would pay a higher price than the US. Some economists fear significant long-term changes to international trade.
Wall Street reacts with glee to higher-then-expected job growth in July, led by the auto sector and restaurants. But for the millions of jobless, the key figure in Friday's report may be the unemployment rate, which ticked up to 8.3 percent.
The US central bank said Wednesday it will act to keep long-term borrowing costs low, to help stimulate the economy amid a weakening forecast. The Fed shaved 0.5 percent off its outlook for GDP growth this year.