Average US credit card debt up in 3Q

An analysis of consumer-credit data shows that Americans are carrying more credit card debt and being less diligent about making payments on time…

US home sales up 2.1% in October

U.S. sales of previously occupied homes rose solidly in October, helped by improvement in the job market and cheap mortgages…

Eurozone slides back into recession

The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region’s financial crisis was felt from Amsterdam to Athens…

Most will feel pain from ‘fiscal cliff’

Middle income families would have to pay an average of about $2,000 more next year, the nonpartisan Tax Policy Center has calculated…

Republicans, Democrats face fiscal cliff

After Tuesday’s election, both Democrats and Republicans will be tested by the immediate need for moderation if they are to avoid the feared “fiscal cliff”…

Obama’s victory & the economy

America’s decision to re-elect President Barack Obama over Mitt Romney will affect all that and other elements of the U.S. economy and financial system…

Obama is told: Avoid ‘fiscal cliff’

So what’s the first thing you’d do for the economy if you were president? The Associated Press posed that question to more than a dozen leading economists…

China questions solar subsidies

China has filed a World Trade Organization case challenging subsidies provided by some European Union members…

Federal Reserve impact on RMB and US dollar

The value of the Chinese Renminbi (RMB) has appreciated while the dollar has witnessed a devaluation since the United States’ Federal Reserve System launched a third round of quantitative easing policies…

Wall Street reopens

Two of the biggest airports serving New York ?John F. Kennedy and Newark Liberty International ?have reopened…