The Obama administration moved Tuesday to allow offshore drilling on the Atlantic Coast while protecting some, but not all, sensitive Arctic areas - actions that angered many and pleased few.
(Bloomberg) -- Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation.
U.S. stocks slumped Tuesday after some of the market's largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year.
Customers shop in December at Nordstrom Rack in Schaumburg. Lower gas prices has people spending more, helping to spike the consumer confidence index.
The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province in November 2014. Photo: Reuters.