The good news is that inflation is less of a worry. The bad news is that economic growth is more of one. The change in perception comes as investors prepare for key inflation data this week. More Americans Expect Recession
Pending home sales rose unexpectedly in September from the month before but were still far lower than a year ago, data from a real estate trade group showed
Wal-Mart Stores Tuesday reported a higher-than-expected 8 percent rise in quarterly profit, helped by tighter control on expenses and efforts to draw customers into its U.S. stores earlier than ever for holiday shopping.
Many Americans are opting for French foie gras instead of a traditional Turkey drumstick this Thanksgiving holiday, even if the dollar doesn't go as far in Europe these days.
Bank of America, the second-largest U.S. bank, said on Tuesday it expects to write down $3 billion of debt in the fourth quarter, as fallout from the nation's housing slump deepens.
Today's Wall Street Journal Heard on the Street column quotes some unnamed "people familiar with the matter" as saying Warren Buffett's Berkshire Hathaway could make big profits by throwing a "lifeline" to bond insurers hurt by excessive fears over credit market losses.
China Mobile is in talks with Apple about bringing the iPhone to China, but no agreement has been reached yet, the telecom's chief executive said Tuesday.
Top home improvement retailer Home Depot posted a 27 percent drop in third-quarter profit and forecast a steeper fall in full-year earnings as the slumping U.S. housing market cut into sales and it lost market share.