Google reported slower than expected growth in revenues on Wednesday as the company looked to push past rivals such as Apple and Netflix in the competitive advertising and mobile technology markets.
Citigroup announced slightly lower revenues for the first few months of the year on Monday as the bank worked to shed its “too-big-to-fail” image and convince federal regulators it remains among the strongest banks in the US.
The US stock market showed signs of nervousness Thursday as three major indexes took a simultaneous dive, with little or no prompting from any noticeable bad news.
The US unemployment rate in March remained stubbornly elevated at 6.7% in March with 10.5 million people out of work, showing job growth is good, but not good enough to make a dent in the long-term doldrums that have slowed economic growth since the financial crisis ended in 2009.
The US Federal Reserve cut another $10bn from its economic stimulus programme on Wednesday even as chairwoman Janet Yellen warned that harsh winter weather had hampered the country’s economic recovery.
General Motors named a new vehicle safety chief on Tuesday after CEO Mary Barra confessed “terrible things” had happened at the company and recalled another 1.5m cars amid investigations into a series of fatal crashes.
The US unemployment rate rose to 6.7% in February, even as the economy added more jobs than economists had expected.
As parts of America are experiencing their worst winter in 30 years, the severe weather has taken its toll on the US’s economic recovery, the Federal Reserve said Wednesday.
The US economy grew at a slower rate than initially estimated in late 2013, the Commerce Department said on Friday.
Federal prosecutors in New York have accused a Costa Rica-based company and its founder of running a $6bn money-laundering scheme that became a "bank of choice for the criminal underworld".
JP Morgan faced a barrage of criticism on Friday for it disastrous "London whale" trading loss as senators and the bank's regulator accused its executives of believing they were too big to fail, ignoring warnings about the escalating losses and deliberately withholding information.
Barack Obama warned on Saturday of a "ripple effect" through the US economy that would cost hundreds of thousands of jobs after he reluctantly signed an order to begin a huge $85bn (£56bn) programme of government cuts.