Consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum.» Read More
Standard & Poor's upgrades the credit outlook for the world's largest economy, revising its U.S. rating to "stable" from "negative."
With gas prices spiking in parts of the country, a lot of drivers are wondering why they are suddenly shelling out more to fill up. A number of forces are at work. Here's an explainer.
Current U.S. residents, newly legalized, under the immigration bill being debated in Congress, would generate $500 billion in real estate transactions and $25 billion in mortgage income, says a Hispanic realty group.
The auto industry is about to go on a hiring spree as carmakers and parts suppliers race to find engineers, technicians, and factory workers.
The downturn in the world's second largest economy, China, could be the most drawn-out since the 1997-1998 Asian Financial Crisis, said a new report.
After a week of wild swings, stock bulls will try to keep control of a market that has few catalysts between May's employment report and the next Fed meeting June 19.
US consumer credit increased in April but a modest increase in a measure of credit card usage suggested households are still working on reducing their debt load.
We're rich again, but part of why we aren't feeling all that wealth has to do with inflation and population growth.
Stocks rose with the dollar, as traders viewed the May jobs report as strong enough to signal more economic growth, but not so strong as to push the Fed toward tapering.
What today's jobs data means for Fed policy and the economy, with CNBC's Steve Liesman.
Despite anticipation of a spring-into-summer swoon, the U.S. economy continued to create jobs at a relatively strong pace in May, adding 175,000 positions as the unemployment rate ticked higher to 7.6 percent.
The modestly improving jobs outlook is enough to send stocks higher at the open, while prompting bond yields to move up -- and keep Fed tapering talk alive in the market.
"Today's report shows that the economy is continuing to recover," said Alan Krueger, White House Council of Economic Advisers chairman, commenting on today's better-than-expected employment report.
Investors may have overreacted recently to the possibility of the U.S. Federal Reserve winding down its asset-buying stimulus, a top U.S. central bank official said.
Former Fed Chairman Alan Greenspan told CNBC on Friday that the central bank should taper its $85 billion a month bond buying even if the economy is not ready for it.
There are rip-your-face-off rallies and then there are the rip-your-face-off retreats—the kind Wall Street experienced Thursday during a brief but vicious yen surge.
That love affair between stocks and the dollar may be heading for the rocks now that expectations are dimming that the Fed is planning an early end to easy money.
Even as federal budget cuts put the squeeze on government hiring, private employers are creating new jobs at a steady, but painfully slow, pace.
The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.