Consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum.» Read More
The risk of a disorderly decline in U.S. crude futures is growing after a four-week rally sent prices to 16-month highs, defying an China's slowdown and shale supply boom.
The move means it will add a total of 3,000 white collar jobs this year, with most of them located at the Dearborn headquarters.
The price of U.S. crude may have caught up with North Sea Brent oil prices in the past week, but it now faces a sharp pull back of up to 35 percent, says one analyst.
Cybercrime's toll on the U.S. economy is difficult to predict but one new study puts the price tag at $100 billion and 508,000 lost jobs as a result.
Detroit's bankruptcy goes to court Wednesday, even as other lawsuits seek to block a plan to restructure the city's more than $18 billion in debt.
US home resales unexpectedly fell in June after two straight months of hefty increases, but a surge in prices to a five-year high suggested the housing market recovery remained on course.
President Obama will embark on a campaign-style tour this week, laying out his agenda for reinvigorating the nation’s economy. The New York Times reports.
Four years after the auto industry bottomed out with GM and Chrysler going bankrupt, those automakers and the industry as a whole is roaring again.
A poll of doctors finds huge skepticism that Obamacare insurance exchanges will open by fall deadline, and mostly don't know how new health law will affect practices.
France is in a worrying situation, the country's finance minister told CNBC, but growth will return in the second half of the year.
While the scrapping the floor on lending rates reflects the government's determination to push ahead with reforms, economists say the practical impact would be minimal.
Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.
The secretary general of the Organisation for Economic Co-operation and Development (OECD) told CNBC he is all for the Federal Reserve's move to scale back its $85 billion per month bond buying program.
Detroit has become a pariah of the muni world, but analysts are holding out hope that the nation's largest government bankruptcy isn't contagious.
The Group of 20 nations, wary of renewed market volatility, is stressing the need to shift policy carefully and communicate clearly as countries try to chart a course to recovery.
Detroit's bankruptcy will be painful, but one of the city's largest landowners says the answer is to start over with a clean slate.
China's central bank said that relaxing controls on bank deposit rates is a risky process that needs mature market conditions, so it will be carried out gradually.
Crude continues its runup, reaching for $110 in Friday's session. Here's why this trader is still betting on oil.
A stronger U.S. dollar may sound like a good thing, but it's a major headwind for corporate earnings.
The outcome of the Detroit bankruptcy filing promises to inflict more pain on already-beleaguered city workers, residents, businesses, creditors, and investors.