WASHINGTON— U.S. consumer confidence dropped in September after hitting the highest level in nearly seven years in August. Conference Board economist Lynn Franco said the decline reflected a less bullish view of the current job market, likely reflecting a softening in growth following the economic rebound that occurred in the spring.» Read More
U.S. consumer confidence unexpectedly dropped in October to its lowest level since March 2009 as consumers fretted about job and income prospects.
"When I look at Zuccotti or McPherson or Grant Park, I’m not surprised the Occupiers don’t have a fixed agenda, writes the best-selling author," adding, "For decades, we’ve been like a tether ball in a schoolyard, pummeled by so much abuse from so many different directions that we’ve just spun around in circles. Now, the Occupiers are stopping the ball."
Discussing the economic worries and rising food prices that are impacting the consumer and a look at how grocery stores are faring, with Craig Herkert, Supervalu Inc. president/CEO.
Bank seizures of US homes fell in the third quarter but an upswing in default notices suggests foreclosures could start to rise again, a report by RealtyTrac said on Thursday.
RIMM shares have jumped 4% because an activist investor is calling for sweeping changes at the company, with Vic Alboini, Jaguar Financial chairman/CEO; CNBC's Scott Wapner and Jon Fortt. Also, discussing the catalyst for Stifel Nicolaus slapping a "buy" rating on shares of IBM, with David Grossman, Stifel Nicolaus.
Business leaders from across the country are gathering this October to dissect a little understood, but enormous part of the US economy — the middle market.
Gold's recent sell-off belies its long term attractiveness and investors should avoid the panic and stay faithful to the precious metal, Dominic Schnider, Commodities expert at UBS Wealth Management told CNBC Thursday.
CNBC's Rick Santelli has the durable goods data from last month and the impact on the markets.
Consumers' confidence remained weak in September after dropping to a post-recession low during the month before as Americans continue to worry about high unemployment and low wages.
CNBC's Rick Santelli breaks down the numbers on consumer confidence and the market's reaction.
Neil Hennessy, The Hennessy Funds, and Peter Coleman, JMP Securities, discuss how investors should be positioning themselves as major averages rally on Monday.
The last thing parents will cut back on is Christmas present for their kids, says Gerald Storch, Toys R Us chairman/CEO, who says even in economic uncertainty, his company is planning to hire more than 40,000 holiday workers.
Starts are down 5 percent and permits are up 3.2 percent, so it's a middling number that's not great and not terrible, reports CNBC's Rick Santelli. And Thomas Falk, Kimberly-Clark chairman & CEO, talks about the American consumer.
Euro leaders squabble and the Russian ruble is rocked - it's time for your Friday FX Fix.
CNBC's Carl Quintanilla moderates a panel on real estate. Many real estate investors got torched during the financial crisis. Is now the time to come back to real estate, with Bill Ackman, Pershing Square Capital Management LP founder and CEO; Barry Sternlicht, Starwood Capital Group chairman & CEO; and Sam Zell, Equity Group Investments chairman.
The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter. The FT reports.
Friday’s disappointing US non-farm payrolls data showed no jobs where created in the US in August sending stocks sharply lower as fears over a recession intensified.
The week's top business news and investment advice, including telecom and retail picks, with CNBC's Oriel Morrison.
If President Obama wants to create more jobs and fix the economy, he should "put down a marker" and fight the Republicans in Congress, Robert Reich told CNBC Thursday.
The private sector created 91,000 jobs last month, a shade below expectations, according to a report from ADP that sets the stage for a likely weak report the government will release Friday.