Widening income inequality and the weak recovery have undermined Americans’ belief in opportunity, President Obama said in an interview.
As a long-term investment, gold has offered small overall returns with high volatility. But there is still an argument for keeping a sliver of it in a portfolio.
SAC Capital Advisors, the hedge fund facing insider trading charges, has $14 billion under management, but $51 billion in total market exposure. If it unwinds, will that sum roil the stock market?
The choice of the nation’s most powerful technocrat, the head of the Federal Reserve, has rarely generated this much public anticipation or political debate.
Rising home prices and job gains are bolstering household wealth and income.
Those over 50 who lose their jobs are confronting the possibility of never working again.
SAC Capital Advisors, the hedge fund now facing criminal charges, is proud of its “strong culture of compliance” to insider-trading rules, but the government’s indictment shows little evidence of it.
Prices of homes and apartments in Ireland are increasing, especially in the Dublin region.
Even some political rivals give the former president partial credit for helping avert a second Great Depression, showing how history’s view can shift.
Wall Street indexes dropped as investors weighed a slew of mixed earnings reports and on concerns that an overhaul of China’s industrial sector could cause a sharp slowdown.
President Obama is right to assert that reducing income inequality will help spur growth, an economist writes.
The choice of who will succeed Ben S. Bernanke to lead the Federal Reserve is roiling Washington as it revives questions about the dearth of women in its top economic policy positions.
The Commerce Department said that orders for durable goods increased 4.2 percent last month, suggesting American companies are more confident in the economy.
Metropolitan areas with large African-American populations tend to have lower rates of upward mobility. But lower-income whites in those regions also face longer odds of moving up economically.
Speaking at a port in Jacksonville, Fla., President Obama said he “won’t wait for Congress” and would use his executive powers to accelerate projects to bolster growth and add jobs.
The college-age population is dropping after more than a decade of sharp growth, and many adults who avoided the job market and went back to school during the recession have been drawn back to work.
Results of a study could indicate that people who are willing to violate one set of social norms are more likely to be willing to violate far more serious ones.
What’s it worth to understand spam?
Top leaders of the A.F.L.-C.I.O. on Thursday called on President Obama and the Congress to offer an immediate financial infusion to Detroit, filed for bankruptcy last week.
Wall Street drifted lower on Thursday, despite upbeat reports on the German and British economies, and a positive earnings report from Facebook.
Gross domestic product grew 0.6 percent in the three months that ended on June 30, an uptick amid signs of improvement elsewhere in Europe.
A senior Democrat has proposed that the United States seek stronger trade agreements that would better protect the economy.
Loan servicers and banks have kept the money they received, even though more than a third of homeowners who received loan modifications have defaulted again, a report has found.
The judge said objections to the city’s Chapter 9 filing, including protests by retired city employees about potential pension cuts, would be addressed in upcoming hearings.
Negotiators were said to be “very close” to agreeing on a settlement to refinance hundreds of millions of dollars of debt that Harrisburg, Pa., cannot pay.