U.S. import prices in July posted their biggest decline in six months as the cost of petroleum products and other goods fell, suggesting inflation could remain tame for a while.

U.S. consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter.

The eight most important U.S. financial institutions may still cast too large of a shadow over the banking system, according to a Federal Reserve official on Thursday, and the firms could realize it's in the best interest of stakeholders to shrink. (Tweet this)

U.S. franchise job gains rebounded in June from a 14-month low in May, ADP said Wednesday. Private sector franchise jobs increased by 28,800, or 0.3 percent month over month, led by restaurants and auto parts and dealers. In May, they rose by 14,720.

Dr. Mikhail Melnik was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Global banking regulators have proposed two options for forcing banks to hold far more capital to cover risks from rises in interest rates.

Everyone says they're fighting for American workers in the big trade debate underway in Washington. But that's all they agree on. The Trans-Pacific Partnership proposes to set up a free trade zone around the Pacific Rim, tearing down trade barriers between 12 countries including the United States, Japan, Singapore, Vietnam, Canada and Mexico.

If you and your spouse make less than $200,000 and have kids, or if you're single and make less than $100,000, you would benefit from new tax proposals put out by a top House Democrat on Monday. But if you're in the top 1% of earners -- meaning you make at least $435,000 -- you'd be footing the bill.

The recent drop in gas prices may spell the end for a nearly 40-year old ban on U.S. oil exports. The oil industry has been pushing to lift the nation's ban for sometime, but consumer worries about high gas prices have generally made the proposal to lift the ban a nonstarter on Capitol Hill.

After years of disappointment, America's economy may truly be on track. That's the belief of one of America's top economic policymakers, New York Fed President William Dudley.