WASHINGTON�The amount of debt U.S. consumers held on credit cards and other revolving accounts reached the highest level in more than three years in October, a sign that Americans were looking to spend heading into the holiday season.
Bitcoin, the virtual money former Federal Reserve Chairman Alan Greenspan called �a bubble,� was accepted as payment in the purchase of a Tesla Motors Inc. (TSLA) Model S electric car at a California Lamborghini dealership.
NEW YORK (AP) - Stocks are closing sharply higher after the US government reported a big increase in hiring last month. The Dow Jones industrial average jumped 198 points, or 1.3 percent, to 16,020 Friday.
Matthew Taylor, a former trader for Goldman Sachs, pleaded guilty to fabricating huge positions Brendan McDermid/Reuters Matthew Taylor, a former trader for Goldman Sachs, pleaded guilty to fabricating huge positions to protect his bonus.
The jobless rate fell to a five-year low of 7 percent last month as payrolls swelled by 203,000 after a revised 200,000 increase in October, the Labor Department said today.