Energy stocks decline to new lows, according to CNBC's Bob Pisani.
General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday.
From The New York Times: When it comes to raising or lowering interest rates, what the Fed is really trying to do is balance growth and inflation. But they have a limited set of tools to accomplish their goal.
A 2014 law aimed at shoring up two of Chicago's financially shaky public worker retirement systems violates pension protections in the Illinois constitution, a judge ruled on Friday.
The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting job growth remained solid despite slowing in June. Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said on Thursday.
Seems like credit-card companies are a bit like proverbial old dogs. They can't learn new tricks, so they just keep trying old ones. What else to conclude from today's enforcement by the Consumer Financial Protection Bureau - arriving on the agency's fourth anniversary?