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 ...

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.

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.

sergio marchionne elon musk. Sergio Marchionne, left, the CEO of Chrysler Group and Fiat, isn't happy by the claim of Tesla CEO Elon Musk that Tesla is the first automaker to repay all of its loans.

By Chuck Mikolajczak. NEW YORK | Thu May 23, 2013 10:20am EDT. NEW YORK (Reuters) - Stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S.

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.

An early ObamaCare health insurance program that has been operating for nearly three years is foreshadowing big problems to come with the larger health overhaul law.

Reports of the death of suburbia have been exaggerated. After a five-year slump spurred by the collapse of the U.S. housing bubble, record gasoline prices and deepening poverty, the nation's largest suburbs showed increasing signs of life in 2012.