He said the decline is "like a tax cut to the economy" and praised U.S. oil production as a "great success story."
He slams a measure in the spending bill that would roll back parts of Dodd-Frank.
The tight financial conditions faced by Brits were highlighted again this week with reports on how young people are using payday loans.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to a strengthening labor market.
U.S. import prices recorded their biggest decline in nearly 2-1/2 years in November as the cost of petroleum products tumbled.
U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost.
The New York Times' DealBook 2014 conference features speakers including Treasury Secretary Jack Lew and BlackRock CEO Larry Fink.
Goldman Sachs had the worst negative return out of the major investment banks when high yield bonds cracked.
Millennial women are more educated, wealthy and independent, so advisors should roll out the red carpet for them.
"It's a bunch of hooey," James Mitchell tells Reuters.
Democrats objected to some provisions tucked into a $1.1 trillion spending bill, keeping the risk of a shutdown alive.
Imagine being able to predict when the flu might strike your town, a bit like how meteorologists predict when a storm is heading your way. That's exactly what infectious disease experts at Columbia University are doing.
Apple went on the offensive with its own witnesses in the ongoing antitrust trial over the iPod.
The birth rate is at an all-time low and that's killing the economy. Here's who's to blame, says Jake Novak.
Canadian yogawear chain Lululemon Athletica reported a better-than-expected profit, helped by a rise in online sales.
The uptake of a low-rate loan program by the European Central Bank (ECB) managed to meet market expectations on Thursday.
Will Sam Kass' departure imperil Michelle Obama's food agenda?
The Central Bank of Russia raised interest rates by 100 basis points on Thursday in an effort to support the ruble.
The GOP's moves will gut the tax agency, advocates warn.