Stocks rose on Wall Street Friday, but the Standard & Poor's 500 index fell just shy its five-year high. Boeing stock fell after the FAA announced a comprehensive review of Boeing's 787 after a fire and a fuel leak earlier this week.
Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
The latest cyberattack mirrors one in early fall that targeted websites of major US banks. Security experts say the attacks appear to be the handiwork of a group tied to Hamas, which the US lists as a terrorist organization.
President Obama's opening offer in 'fiscal cliff' talks includes $255 billion in stimulus spending – tax cuts, incentives, and more. It could be a bargaining ploy or a bid to offset rising taxes on the rich.
Cash-strapped post office will test same-day package delivery in San Francisco Dec. 12. If expanded to 10 cities, same-day service could bring in $500 million a year, a drop in the bucket for cash-strapped post office's $15.9 billion loss this year.
Economists view Black Friday as a litmus test for consumer confidence, which is showing signs of weakening. Whether Washington can come to terms to avert the fiscal cliff – and tax hikes – is a wild card.
Superstorm Sandy cut a path of destruction that could near $50 billion. Economic activity in New York City dipped 20 percent in storm's wake, but economists do not expect that Sandy will have a major impact on the nation's economic growth.