The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Wall Street closed flat on Friday, hovering near the previous session's record-high close for the Dow and S&P 500, while the ...

Usually, the Federal Open Market Committee makes decisions on adjusting its federal funds rate in unison. But not this time.

The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.

Canada's main stock index was essentially unchanged Friday, while U.S. markets were mixed to end the week, with the Dow eking ...

The S&P 500 slipped 0.2% on Friday, Sept. 20, receding from the record high it printed after this week's interest-rate cut by ...

New York Community Bancorp isn't realistically poised for sudden and dramatic improvement. The bank expanded too quickly in ...

The Honolulu-based seller said it rejected a competing bid from an investor group and would stick with its plan to sell to ...