NEW YORK (Reuters) - A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba.
Russian President Vladimir Putin will face questions from the media at his annual press conference Thursday after the central bank announced extraordinary steps to ease the country's worst economic crisis since the 1998 default.
ALBANY, N.Y. (CBSNewYork/AP) - Gov. Andrew Cuomo's administration will move to prohibit fracking in New York, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.
U.S. stocks rallied, giving the Standard & Poor's 500 Index its biggest gain since October, as energy shares rebounded and the Federal Reserve said it will be patient on the timing of the first interest-rate increase since 2006.
Millions of consumers are getting an end-of-year boost: the main gauge of consumer prices fell in November by the largest amount in six years, driven down by plunging fuel costs and price declines for items such as clothing and used cars.