Economy

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  • Job seekers meet meet potential employers at a career fair on April 18, 2013 at the Holiday Inn in Midtown in New York City.

    The number of planned layoffs fell to their lowest level of the year, suggesting slowing economic growth has not translated into significant job losses, a report showed.

  • A pipeline at the Federal Strategic Petroleum Reserve in Beaumont, Texas.

    The U.S. economy is awash in fossil fuel production, raising a tantalizing prospect of whether the U.S. should liquidate its Strategic Petroleum Reserve to help close the deficit.

  • German Chancellor Angela Merkel,  walks past flags of the European Union and Germany.

    Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.

  • The rot spreading through euro zone manufacturers persisted through April, a business survey showed, bolstering expectations for an interest rate cut by the European Central Bank later on Thursday.

  • Nouriel Roubini

    The Fed's commitment to loose monetary policy is likely to lead to asset and equity bubbles in the next two years which could be worse than the previous crisis, renowned economist Nouriel Roubini said in an opinion piece for Project Syndicate.

  • Carmen Reinhart

    The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.

  • The Pentagon

    The Pentagon is preparing to ask Congress soon for more authority to shift funds to cope with automatic spending cuts, confronting lawmakers with another exception to the "sequester."

  • Ford, facing greater demand for its F-Series trucks, is adding a third shift and hiring more than a thousand new workers at its final assembly plant in Claycomo, Missouri.

  • China's factory-sector growth eased in April as new export orders fell for the first time this year, a private survey showed on Thursday, suggesting the euro zone recession and sluggish U.S. demand may be reining in China's recovery.

  • With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.

  • Federal Reserve Chairman Ben Bernanke

    The Federal Reserve held fast to its ultra-accommodative monetary policy, solidified by what board members described as an economy weakened by fiscal policy.

  • In a matter of moments, the Boston Marathon bombings inflicted as much as $333 million in damage to the local economy. Here's a breakdown.

  • Federal employees take part in a rally in front of Department of Labor protesting budget cuts.

    Looking to Friday's jobs report, more job cuts are on the way as the river of government spending flowing through the U.S. economy continues to slow as a result of sequestration.

  • Speculation is mounting that the European Central Bank will cut its interest rate of 0.75 percent to 0.5 percent on Thursday to boost growth. Do you think it should?

  • The pace of US manufacturing growth slowed in April, an industry report showed on Wednesday. A separate report showed that construction spending fell in March.

  • Erskine Bowles

    Erskine Bowles, former co-chair of the president's debt commission, told CNBC that a "Grand Bargain" on deficit reduction is "on life-support," with the chances reaching it "north of zero" percent.

  • Workers polish a wing leading edge at the CPI Aerostructures Inc. manufacturing facility in Edgewood, New York, U.S.

    Manufacturing job growth, which included adding a half million workers between January 2010 and the middle of last year, has hit a plateau over the last six months.

  • A job seeker searches for opportunities at an Illinois Employment and Training Center.

    Revisions will probably show the economy has been bigger than its stated $15 trillion. That won't mask the reality that this is the worst economy in 83 years.

  • Job seekers line up to meet with a recruiter during a job fair at the Alameda County Office of Education on April 24, 2013 in Hayward, California.

    The gloomy news continued for jobs as ADP reported Wednesday that private companies created just 119,000 new positions in April.

  • Applications for U.S. home mortgages rose last week, fueled by demand for refinancings as interest rates dropped, data from an industry group showed on Wednesday.

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