US

The US economy grew more slowly than expected in the second quarter, compounding fears the world's largest economy could be heading back into recession, the latest data has revealed.

Asian and US markets closed lower overnight as the latest economic data emerging from leading economies around the world continued to worry investors.

In the latest Big Debate, our panelists from Legg Mason Global Asset Management, Smith & Williamson and S&P Capital IQ discussed US Equity Income.

Victims of Bernard Madoff's fraud are being mailed a slice of a $2.4bn payout, bringing their total recovery amount so far to more than triple the amount initially set aside.

The boss of a futures brokerage has pleaded guilty to embezzling over $100m from 24,000 customers in the US state of Iowa.

Experts have questioned how effective the latest round of quantitative easing (QE) in the US will be, with the chances of success "finely balanced".

Shares across the globe fell overnight as renewed fears about Germany's likelihood of approving rescue plans plagued investors once again.

Apple shares hit a new record of almost $681 a share in US trading overnight as investors continued to digest the fallout from a $1bn patent lawsuit.

The spot price of gold climbed by over 1% to $1,655 an ounce as the Federal Reserve said it is likely to ease monetary policy soon unless there is a sharp change in economic data.

Victims of Bernie Madoff's huge Ponzi scheme have been accused of greed over their demand for interest to be paid on their compensation.