Consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum.» Read More
Inflation concerns about rising wages as the economy continues to recover are unfounded, Pimco's Paul McCulley tells CNBC ahead of Janet Yellen's Senate testimony.
U.S. import prices rose less than expected in June as a drop in food costs offset an increase in petroleum, suggesting inflation pressures remained benign.
But details of the Commerce Department report suggest the economy was on a solid footing at the end of the second quarter.
There is a movement to reauthorize Ex-Im Bank, an agency that supports small and midsize exporters with insurance and credit guarantees.
Federal Reserve Chair Janet Yellen will have some good news to tell Congress this week about the health of the labor market.
If recent speeches from prominent Federal Reserve officials are any indication, the U.S. central bank is feeling pretty emboldened.
Yellen, facing questions on the economy and rate hike, will be pressured to acknowledge an uptick in inflation and improvement in the labor market.
Although economist have trimmed their estimates for second-quarter GDP, they don't believe the economy will hit a recession this year or next.
A lot of traders are saying that Fed policy will lead to a disastrous outcome for the economy and markets. Here’s why they’re wrong, says Ron Insana.
The old adage, "As goes GM, so goes the nation," can apply to Wells Fargo, which released earnings Friday, Raymond James analyst Anthony Polini tells CNBC.
A crucial referendum looms in Detroit, as a clutch of creditors decide whether to approve a plan that would cut the cash-strapped city's debt.
New U.S. claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession.
U.S. wholesale inventories rose in May, reinforcing the view that economic growth should surge following a weak first quarter.
Rates are not driving home sales. That's what the correlation between rate moves and mortgage applications suggests; they are not traveling in tandem.
The final reading on U.S. services sector activity hit its highest in 4-1/2 years, pushed by increasing new business activity and hiring, a survey showed.
Richmond Fed President Jeffrey Lacker said he expects economic growth to continue at a moderate pace, with inflation pressures remaining well-behaved.
The Job Openings and Labor Turnover Survey for May was little changed from April at 4.6 million, the Bureau of Labor Statistics reported.
Small business sentiment weakened in June, pulling back from a six-year high because firms felt less confident the economy would improve in the coming months.
Here's what the real impact of the June jobs report will likely be on the market, says NYSE floor trader Kenny Polcari.
Job growth accelerated in June, with U.S. companies adding 288,000 to payrolls and indicating that expectations for strong second-half economic growth will be fulfilled.