US Economy
  • More over-the-counter sleep aids are bought than any other OTC drug, and 25 percent of us take a sleep med every year. Popular brands include Nytol, Benadryl, Sominex, Tylenol PM, Advil PM and Nyquil. In 2010 alone, more than 1 in 20 adults took prescribe

    Drug Company Profits Soar as Taxpayers Foot the Bill

    The big jump in health care costs comes in the shape of a pill, and a few companies are raking in the big bucks as the population ages and requires more medical care.

  • A man walks past a screen displaying a logo of Volkswagen at an event in New Delhi, India, June 23, 2015.  REUTERS/Anindito Mukherjee

    The Car World Has a New No. 1

    By Andreas Cremer and Minami Funakoshi, Reuters

    Volkswagen overtook Toyota as the world's largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target. But staying on top will be a challenge for...

  • Billionaire Plans the World’s Largest Wind Farm

    By Michael McDonald, Oilprice.com

    Philip Anschutz has an audacious plan to build the country’s largest wind farm and he is backing the plan with $5 billion of his own money. The plan would create the country’s biggest wind farm deep...

  • A job seeker walks the floor at a large career fair at Rutgers University in New Brunswick, New Jersey, January 6, 2011.    REUTERS/Mike Segar

    Good News on Jobs, but Take It With a Grain of Salt

    By Jeff Cox, CNBC

    A near 42-year low in an economic reading as essential as weekly jobless claims is always going to get lots of investor attention. This time, though, it should probably get a little less. Thursday's...

  • Why Apple's iPhone Miss Could Really Rattle the Market

    For the first time in a long time, fundamentals matter. Stocks are dropping not on Federal Reserve rate hike fears, Greek euro exit concerns, Ebola, Chinese equity volatility, or the various other...

  • The Latest Threat to Amazon and Walmart Is Jet.com

    Startup e-retailer Jet.com, which promises to revolutionize online shopping, launched its service nationwide today. The site had garnered 100,000 trial members in limited markets, with CEO Marc Lore...

  • Saving $1.11 a gallon might not sound like much. But if you're filling up a 20 gallon tank, you could save $22. Do that once a week and you'd save $1,150 a year.

    Why Gas Prices Are Headed Lower

    By Patti Domm, CNBC

    With U.S. refineries running at record levels, the global oil glut is turning into a fuel glut. Already, U.S. refineries, maxing out production capacity, have created an oversupply of diesel. Diesel...

  • What to Watch for in Earnings Season Numbers (Hint: Not Earnings)

    We’re in the thick of earnings season, with tech giants Apple, Microsoft and Yahoo all set to report their quarterly numbers after the market’s close. As those earnings numbers and others get...

  • Colored ticker board

    The Nasdaq Is Flashing a Dot-com Era Warning Signal

    For the stock market, perception is reality. So despite the fact that the Dow Jones Industrial Average is still mired in a trading range near the 18,000 level it first reached in December — an eight-...

  • 5 Reasons Gold Is Falling

    By Michael Rainey

    As the price of gold continues to tumble, even the gold bulls are having second thoughts about their precious metal. Gold was selling for $1,108 an ounce in New York on Monday, down 2 percent on the...

  • Cuba's President Raul Castro stands with his U.S. counterpart Barack Obama before the inauguration of the VII Summit of the Americas in Panama City

    As Embassies Reopen, Don’t Expect Economic Miracles in Cuba

    By Katy Barnato, CNBC

    As the Cuban Embassy in Washington D.C. reopens on Monday after a 54-year gap, analysts said that easing relations with the U.S. could provide "limited" commercial benefit for the communist nation...

  • Iranians celebrate on the streets following a nuclear deal with major powers, in Tehran July 14, 2015.  REUTERS/TIMA

    Oil Markets Have Nothing to Fear from Iran

    By Andy Tully, Oilprice.com

    Don’t expect a sudden surge in oil on the world market now that Iran and six world powers have agreed on a deal to limit Tehran’s nuclear program and lift years of crippling sanctions. Bijan Namdar...

  • Four places to put money you’ll need shortly.

    You’re Richer Than You Think. Really.

    This little exercise might make you feel a bit better about your standing in the world. As part of a huge study on the state of the global middle class , the Pew Research Center has created a new...

  • As Clinton Moves Further Left on Regulations, Jobs Go Away

    By Diana Furchtgott-Roth

    It’s no coincidence that in the space of a month, California declares Uber drivers to be employees, Hillary Clinton attacks the sharing economy, and the Labor Department issues guidelines on when to...

  • Drought spreads, boosts corn to record price

    Drought Costing California Farms $1.8 Billion in Revenue

    By Heesun Wee, CNBC

    While California remains gripped by drought, the scale of lost agricultural jobs and lowered revenue is emerging. And the numbers don't look good. Vast tracts of farmland —mostly in the Central...

US Economy Directory

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