Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.

MoneyBeat's Steven Russolillo looks at overnight selloffs in Asian markets (triggered by the U.S. Federal Reserve and lower Chinese manufacturing output) and how they are likely to affect Wall Street.

By Lucia Mutikani. WASHINGTON | Thu May 23, 2013 9:47am EDT. WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite ...

The International Monetary Fund's board of directors is backing Managing Director Christine Lagarde, who is being questioned by a French court over a decision she made as finance minister, a fund spokesman said.

According to China's political calendar, big decisions about economic policy this year are supposed to wait until the autumn, when a major meeting of the Communist party brings together the country's top leaders.

The nation's big cities are riding out the first years of the post-downturn era with plenty of company - boosting their population via a youth movement.

Dallas-based Tex-Mex restaurant chain El Fenix says that it will offer limited insurance coverage to its 1,200 workers, covering prescription drugs, preventive care, and physician visits, in order to gain eligibility for the weaker version of Obamacare's employer ...

GameStop Corp.'s (GME) fiscal first-quarter profit shrank 25% as the videogame retailer continued to see revenue and same-store sales declines, though its cost-cutting efforts boosted margins and helped earnings come in ahead of company guidance.

Rue21 said on Thursday that it would sell itself to Apax Partners for about $1.1 billion, including debt, as private equity firms continued their pursuit of purveyors of fashion.

Facing a deadline in which federal loan rates would double for 7 million college students, House lawmakers on Thursday are ready to pass legislation that links student loan rates to the financial markets.