European Central Bank (ECB) headquarters in Frankfurt. Photograph: Boris Roessler/EPA The decade and a half after the tearing down of the Berlin Wall was a golden age for central banks. It was a time…
FTSE 100 and European indices record best annual rise since 2009
Traders at New York Stock Exchange ended the year on a high note as Wall Street recorded its best performance since 1997. Photograph Stephen Chernin/Getty Images Traders are toasting the strongest y…
10 hopeful things from 2013 that will get you inspired for what's to come
New leaders, like the Philippines' Yeb Sano, emerged in the burgeoning climate change movement in 2013 Photograph: Kacper Pempel/Reuters There was something almost apocalyptic about 2013. Typhoon Hai…
German firms transplant European apprentice model to US
Third-year apprentice Hope Johnson at the Siemens plant in Charlotte, North Carolina. Photograph: Nanine Hartzenbusch/The Washington Post As a high school junior in Charlotte, North Carolina, Hope Jo…
Where in the world to invest for a happy new year
An investor views stock prices at the Shanghai Composite Index. Photograph: China Photos/Getty Images The start of the new year is a time to focus on making a few changes in your life. And for savvy …
US states await key drones decision – and the billions that could follow
Full military-grade autopilot allows the Raptr to be pre-programmed to fly to hundreds of points on a map within a range of 10 miles under its own control. Photo: Guardian…
US consumer spending rises at the fastest pace since June
US consumer confidence is rated high in new figures Photograph: Daniel Barry/EPA US consumer sentiment hit a five-month high heading into the end of the year and spending has notched up its strongest…
Expiration of unemployment benefits threatens US recovery, adviser warns
Democrats are planning a fresh push this week to highlight the issue, including a media conference call with Nancy Pelosi. Photograph: J Scott Applewhite/AP The expiration of benefits for 1.3 million…
American consumer spending and incomes increase in November
Shoppers in Chicago browse through coats during Black Friday shopping at Macy's. Photograph: Andrew Nelles/AP Americans increased their spending in November by the most in five months, and their inco…
Ben Bernanke's tenure at the Fed wasn't net positive
Outgoing Federal Reserve charmain Ben Bernanke before the United States Senate Committee on Banking, Housing, and Urban Affairs. Photograph: Ron Sachs/CNP/Corbis Federal Reserve Board Chairman Ben Be…
'Superman' Ben Bernanke prepares to fly out of US Federal Reserve
. Central bankers never look like superheroes. Has US federal reserveboss Ben Bernanke even tried on the blue tights, …
Barack Obama rejects claims 2013 has been worst year of his presidency
Barack Obama conducts his final press conference of 2013 at the White House on Friday, assessing the successes and failures of the past year Barack Obama rejected suggestions that 2013 had been his w…
The Fed's route to the end of quantitative easing looks tricky
Janet Yellen is a step closer to taking over from Ben Bernanke as chair of the Federal Reserve. Photograph: Brendan Smialowski/AFP/Getty Images …
Senate set to clear Janet Yellen for Fed but confirmation will come in January
Federal Reserve vice-chair Janet Yellen is set to be promoted in January. Photograph: Jim Lo Scalzo/EPA The Senate is expected to wrap up its work for the year on Friday by moving to clear President …
I never thought I'd be an outlaw, but the Affordable Care Act might make me one
'When I registered through New York State's healthcare marketplace, the cheapest plan wasn't affordable on my income.' Photograph: Karen Bleier/AFP/Getty Images I want to – believe me, I do. But I'm …
European markets rally on news of Federal Reserve move
The outgoing Fed chairman Ben Bernanke announced a scaling back of the US's bond buying programme. Photograph: Zhang Jun/REX …
Pleased, frustrated or angry? The many faces of Ben Bernanke
The rare Bernanke face of total concentration. Photograph: Charles Dharapak/AP Like a vexing magic eight ball, Ben Bernanke has for seven years delivered calm, cryptic economic missives to the world'…
To tackle economic inequality, we have to talk about our personal finances
'Talking about money is taboo, but it's necessary to understand inequality in our everyday lives.' Photograph: Jessica Rinaldi/Reuters …
Detroit bankruptcy: appeals court can immediately consider pension decision
A man walk past graffiti in Detroit, Michigan, December 3, 2013. Photograph: Joshua Lott /Reuters…
Why the Federal Reserve must taper quantitative easing before Christmas
Just do it. That's the message for the Federal Reserve as it decides this week whether its Christmas present to the American people should be to start scaling back on the $85bn (£52bn) in newly minte…
Fed chief's exit may spell the end for US economic stimulus
Current Federal Reserve chairman Ben Bernanke, with Janet Yellen, his successor, who is likely to have to solve the QE conundrum. Photograph: Alex Wong/Getty Images …
US budget deal: Congress' epiphany that austerity right now is foolish
Senate Budget Committee chairman Patty Murray (D-WA) (R) and House Budget Committee chairman Paul Ryan (R-WI) hold a news conference to introduce The Bipartisan Budget Act. Photograph: Jonathan Ernst…
US unemployment claims rise sharply but recent economic growth intact
Reports indicate the labour market is strengthening, with nonfarm payrolls increasing solidly in October and November. Photograph: Getty Images…
House Republicans set to vote for bipartisan budget bill
Paul Ryan and Patty Murray announce their budget deal. Photograph: J Scott Applewhite/AP…
The winners and losers of the Murray-Ryan budget deal
Senator Patty Murray and Representative Paul Ryan depart after a news conference to introduce the Bipartisan Budget Act. Photograph: Jonathan Ernst/Reuters…
Fragile US budget deal under fire from both Republicans and Democrats
'They're using our members and they are using the American people for their own goals,' Boehner said of groups attacking the deal. Photo: J Scott Applewhite /AP…
Everything you need to know about the Volcker Rule
Federal Reserve Board chairman Ben Bernanke and Janet Yellen, vice-chair at a meeting to discuss the Volcker Rule. Photograph: Alex Wong/Getty Images…
US congressional leaders unveil two-year budget deal
Senator Patty Murray and Representative Paul Ryan hold a news conference to introduce The Bipartisan Budget Act of 2013. Photograph: Jonathan Ernst /Reuters…
Congress should stop the Scrooge routine and extend jobless benefits
Act Jim Carrey as Ebenezer Scrooge. Photograph: Disney …
Wall Street facing tighter scrutiny as regulators move on Volcker rule
The rule is named after the former Federal Reserve chairman Paul Volcker. Photograph: Jim Young /Reuters…
America's reputation for sound economic policymaking takes a beating
US economic growth outstriped that of Europe in 2013 and the budget deficit shrank. But America the could have – and should have – done better. Photograph: Mark Lennihan/AP …
Let's get this straight: AIG execs got bailout bonuses, but pensioners get cuts
City of Detroit pensioner Donald Smith sits across the street from the Federal Court House, to protest cuts in city workers' pensions. Photograph: Rebecca Cook/Reuters …
Millennials may be disgusted with Washington, but we're not all apathetic
Youth participation has been critical in American political actions from climate change to Occupy. Photograph: James Fassinger …
David Simon: 'There are now two Americas. My country is a horror show'
David Simon, creator of The Wire, near his office in Baltimore. Photograph: Stephen Voss/Redux / eyevine …
Barack Obama urges Congress to extend benefits for long-term jobless
President Barack Obama speaks during the National Christmas Tree Lighting ceremony near the White House on Friday. Photograph: Nicholas Kamm/AFP/Getty …
Breakthrough in landmark trade talks – as it happened
Women perform a traditional dance during a protest against the World Trade Organisation (WTO) in Nusa Dua, Bali. Trade negotiators meeting on the island say they are on the brink of a deal. Sonny Tum…
US unemployment falls to lowest level for five years as 203,000 jobs added
A job fair for veterans at the VFW Post 2681, Marietta, Georgia. Unemployment for African Americans remains at 12.5%. Photograph: David Goldman/AP…
US fast-food workers strike over low wages in nationwide protests
MoveOn members are protesting at McDonald's locations in Seattle, San Francisco, New York, Los Angeles and Chicago. Photograph: Eduardo Munoz /Reuters…
Hollywood has blockbuster impact on US economy that tourism fails to match
Famously vacuous, surprisingly valuable. Photograph: Fred Prouser/Reuters…
US economy grew 3.6% in third quarter at fastest rate since 2012
A trader works on the floor of the New York Stock Exchange on Wednesday. Photograph: Andrew Burton/Getty Images…
Obama throws support to minimum wage movement in economy speech
President Barack Obama speaks about the economy and growing economic inequality in Washington. Photograph: Evan Vucci/AP…
ADP numbers show US job market growth despite government shutdown
ADP’s report suggests that the government shutdown and argument over raising the debt ceiling had little impact on hiring. Photograph: Getty Images The US job market remained “surprisingly resilient”…
Tax breaks for CEOs pay for million-dollar salaries
While minimum-wage workers are living from paycheck to paycheck, executives are raking in millions of dollars' worth of compensation. Photograph: Martin Godwin…
Gridlocked Congress on track for least productive year in history
'The House continues to do its job; it's time for the Senate to get serious about its,' Boehner said. Photo: J Scott Applewhite /AP…
Detroit granted bankruptcy protection after judge rules in city's favour
Unions said Kevyn Orr had not taken enough time to negotiate with creditors before filing for bankruptcy. Photograph: James Fassinger/theguardian.com…
Detroit bankruptcy: historic ruling looms over struggling city
Protesters demonstrate against cuts in Detroit city workers' pensions and healthcare during Detroit's bankruptcy eligibility trial in Detroit. Photograph: Rebecca Cook /Reuters…
Thanksgiving sales numbers down as US waits for new economic forecast
Shoppers at a J Crew factory store north of Atlanta on Black Friday. Photograph: Robin Nelson/Zuma Press/Corbis…
Bank of America to pay $404m to Freddie Mac to settle home loan claims
Earlier this year, Bank of America agreed to pay $3.6bn in cash to Freddie's sibling company, Fannie Mae. Photograph: Brendan Smialowski /AFP /Getty Images…
Housing bubble 2.0 can only end badly
A foreclosed home in Las Vegas, 2008. Is the housing boom and bust about to repeat? Photograph: Ethan Miller/Getty Images …
Gold price plunges as confident investors pile out of safe havens
Pawnbroker Albemarle & Bond has been melting down gold jewellery to pay its debts. Photograph: Alamy …
Black Friday events and protests – live
Instead of waiting for Black Friday, which is typically the year's biggest shopping day, more than a dozen major retailers opened on Thanksgiving day this year. Photograph: Jeff Chiu/AP…