It's official: Amazon is bigger than Wal-Mart. Shares of Seattle-based Amazon surged 15 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue.
Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market.
It's getting more expensive to be an employer and small business owners say that's making it harder for them to make money.
Coca-Cola says people are shelling out more money for its drinks, thanks to a mix of reinvigorated marketing and mini-cans and glass bottles that tend to cost more.
President Barack Obama is ramping up pressure on Congress to reauthorize the Export-Import Bank.
A South Florida bank announced it is setting up a correspondent banking relationship with a Cuban financial institution.
The number of global fliers is expected to more than double in the next two decades. In order to carry all those extra passengers, airlines are turning to a technology very few can make work on a large scale: converting trash into fuel.
A new report on child welfare that found more U.S. children living in poverty than before the Great Recession belies the fanfare of the nation's economic turnaround.
Unemployment rates fell last month in 21 U.S. states and were unchanged in 17, as widespread job growth and a shrinking workforce reduce the ranks of those out of work.
Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday.
BlackBerry Ltd. is undergoing another round of job cuts as it deals with weak smartphone sales and pushes ahead with a restructuring plan.
Lockheed Martin will spend $9 billion to acquire Black Hawk helicopter maker Sikorsky Aircraft.
Morgan Stanley's second-quarter profit fell 8.5 percent from a year earlier, the bank said Monday, despite better results at all three of its core businesses.
In return for getting a bailout request to European creditors off the ground, the government of Prime Minister Alexis Tsipras has had to enact a series of confidence-building measures, the biggest of which was a steep increase in the sales tax from 13 to 23 percent.
Grocery store operator A&P is filing for Chapter 11 bankruptcy with plans to sell off stores as it faces increasingly tough competition.