New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost.

Another day of dismal housing news sent stocks lower for the third straight day Wednesday, after a government report showed a record drop in new home sales.

Treasury yields declined Wednesday, with the yield on the 10-year note holding near a 19-month low, as weak housing data continued to boost demand for the safety of U.S. debt.

When it comes to putting off assignments, college students have nothing on Congress.

The amount of credit card debt consumers are carrying dropped to an eight-year low and delinquencies continued to decline in the second quarter as consumers looked to shore up their savings.

The Securities and Exchange Commission on Wednesday voted to make it easier for shareholders to have a bigger say on corporate leadership at publicly-traded companies.

The recession prompted many businesses cut back on risky bets -- but sometimes hitting home runs requires swinging for the fences. Here are 5 pricey gambles.

Homebuilder Toll Brothers made a profit last quarter -- its first in three years. And it largely has Uncle Sam's tax credits to thank for it.

Ever since Lehman Brothers imploded and filed for the largest bankruptcy in history nearly two years ago, the firm's former chairman and CEO, Dick Fuld, has been a little on edge.

When federal judge Royce C. Lamberth ruled government funding of embryonic stem cell research unconstitutional, he effectively jammed up research projects started under President Barack Obama's executive order issued in 2009, which reversed President George W. Bush's 2001 ban on funding for embryonic stem cell research. But, the ruling also set California further apart as a mecca for scientists investigating stem cells, and as the first state to receive real financial benefits from the field.