The price of corn suffered its biggest fall for 15 years on Thursday, prompting speculation that the high cost of food may start to ease. Corn prices dropped 10% after a US Department of Agriculture report that farmers are sowing unexpectedly large amounts of the grain.
A trio of fishermen in the US state of Florida said they made an unusual find about 12 miles off the coast of Jensen Beach -- a dead giant squid measuring 23- to 25 feet.
Argentina suffered a setback over its US$100 billion debt default in 2002 when New York's highest court said the country should keep paying interest on some bonds even after they mature or investors demand their principal back early.
Snacking and super sizing are two of the dieter's worst enemies, research suggests. The average daily calorie intake in the US has increased by almost a third in 30 years, reaching 2,374 kilocalories.
Failure by US lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned.
United States President Barack Obama cited cost as a reason to bring troops home from Afghanistan and referred to a one trillion US dollars price tag for US wars. The figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the US Treasury and ignores more imposing costs yet to come, according to a study released Wednesday.
The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its 2.86 trillion US dollars balance sheet to keep interest rates low.
Consumer spending in the United States was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a US government report, that also showed a build-up in underlying inflation pressures.
New York lawmakers narrowly voted to legalize same-sex marriage Friday, handing activists a breakthrough victory in the state where the gay rights movement was born. New York thus becomes the sixth state in the US where gay couples can wed and the biggest by far.
The United States economy grew at a 1.9% pace in the first quarter marking the start of what Federal Reserve policy makers anticipate is a temporary slowdown in growth.