Or so President Obama thinks. He wants Congress to end oil and gas tax breaks, figuring the industry is doing very well. But some quarterly profits are falling flat.
People around the U.K. are being encouraged to apply to their local councils to hold street parties in celebration of the royal wedding. But while some areas of the country have received as many as 80 applications, others have received hardly any.
Federal Reserve Chairman Ben Bernanke gave a first-ever press conference yesterday. The dollar dropped in reaction, but share prices and gold have hit new highs.
Fierce storms have torn through large swaths of the South, destroying homes and businesses from Mississippi to Georgia. Steve Chiotakis reports from Birmingham, Ala. with more.
In his press conference yesterday, Federal Reserve Chairman Ben Bernanke pledged to retain low interest rates inspite of inflation worries. Karen Shaw Petrou of Federal Financial Analytics explains.
David Wyss, chief economist with Standard & Poor's, examines today's news that the U.S. gross domestic product grew only 1.8 percent in the first quarter.
American International Group has sued ICP Asset Management and Moore Capital. AIG contends it lost millions of dollars insuring mortgage securities that the companies knew were going to fail.
Apple
Spotify
Amazon
RSS