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New home sales rise in October, but September revised down

Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.


Yellen's 'optimal' model calls for rate hike this year, in theory

Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.

U.S. consumer, business spending data point to slowing growth

U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.

Merck buys rights to NewLink's experimental Ebola vaccine

Merck & Co Inc (MRK.N) on Monday said it would buy worldwide commercial rights to NewLink Genetics Corp's (NLNK.O) experimental vaccine against the Ebola virus.


Latest News

After releasing "Assassin's Creed Unity" with a large amount of bugs and game-breaking errors, Ubisoft is offering free DLC and free games as an apology.
Some rumors claim the release date for "Metal Gear Solid 5" is set to be announced soon. "Metal Gear Solid V: The Phantom Pain" isn't expected for a while- the game's set to release on a number of consoles (PC, PS4, PS3, Xbox One and Xbox 360), but no one's quite sure when it'll be available on all those many, many platforms.
What's cooking at the Forrester Mansion? Will everyone be able to put aside old conflicts and just keep the peace? This week's episode certainly promises to be quite the juicy one.
Season 7 has kick started its last few weeks. Who will emerge victorious? Will Ryan Sill make up for his performance last week? Who will be eliminated this week?
Seems like the Duggars are becoming quite the growing family as Jill and Derrick are expecting a baby boy.
Kyle Chrisley's swipes against his father continues with Kyle accusing father, Todd Chrisley, of being gay. Todd Chrisley has denied the rumors numerous times before and is not concerned.
Internet entrepreneur Kim Dotcom, one of the world's most wanted cyber fugitives, says his nearly three-year fight against extradition to the United States to face online piracy charges has left him broke.
European privacy regulators want Internet search engines such as Google (GOOGL.O) and Microsoft's Bing (MSFT.O) to scrub results globally, not just in Europe, when people invoke their "right to be forgotten" as ruled by an EU court.
South Korea's Samsung Electronics Co Ltd (005930.KS) on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.
Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.