Tens of thousands of fast-food workers around the U.S. are demanding a hike in the minimum wage to $15/hour. Popeye's crew member Mary Coleman discusses the challenges of trying to get higher pay from her employer.» Read More
Gov. Rick Perry has been lionized for calling social security a Ponzi scheme, rebuked for using the foul language of common sense that most Americans understand.
It would appear that capitalism has a developed a terrible dependency issue, turning hostile and violent when there’s nothing left in the punch bowl. Unfortunately, new fears of a double dip recession have emerged, the caked residue of weak economic growth and a soft job market. On the heels of a 30-year spending spree and the party of our lifetime, we find ourselves searching for our equilibrium once again.
$1 million isn’t what it used to be, in part because a lot of people don’t know how far it can go, and the amount of time and effort that it would take to spend it.
The list of things we never thought we’d see continues to grow, like a tumor. Our republic has finally reached a midlife crisis, having lost the pejorative AAA credit rating from an agency that considers yesterday’s sub-prime CDO a safer bet than today’s Uncle Sam. The American economy is stuck in a classic catch-22, that as we solve one problem, it is quickly replaced by a greater concern.
Tea Party activists, 44 percent of whom are on Medicare or have an immediate family member receiving benefits, could not be consoled by the fact that their health-care costs are largely responsible for the distended federal budget. But they have a point.
CNBC's Steve Liesman & Rick Santelli break down the numbers that show personal income is slghtly up but spending is down .2 percent.
One author's solution for getting ahead and becoming successful in this economy is to think "weird."
Investors are justifiably concerned about being hoodwinked three times in ten years. Without question, extravagant returns enjoyed by the precious metal are well received, but the potential hangover from yet another bubble deprived of air, and the associated shame, would take several years to subside.
“Flexible savings accounts are today what the 401(k) match was 10 or 15 years ago, where people didn’t grasp that this free opportunity was sitting there,” says one financial expert.
A look at market optimism despite a load of negative news, with Steve Massocca, Wedbush Securities, and Neil Hennessy, Hennessy Funds.
A look at the personal income and spending data and what it indicates about the health of the economy, with Anne Mulcahy, former Xerox chairman/CEO; Scott Nation, NationsShares; and CNBC's Rick Santelli and Steve Liesman
CNBC's Rick Santelli breaks down May's personal income and spending data.
Analysts have been feverishly revising down their growth projections. Much depends on the effectiveness of policies and, critically, whether there will finally be a more coherent and sustained policy response in systemically important countries, especially the US and Europe.
Our beloved two party political system is currently negotiating an increase to the debt ceiling, all in the name of fiscal responsibility.
CNBC's Steve Liesman breaks down the data that can be considered not great but not bad either.
President Obama’s gyroscopic legislative endeavors helped the nation survive the worst financial crisis since the 1930’s. It would have been unfathomable to risk America’s image of economic invincibility and allow the free markets to punish bad behavior. Instead, the Federal Reserve printed money to inflate the stock market and promote economic growth, all courtesy of a low interest rate environment. Now Congress is faced with yet another debt ceiling, and sure enough, they’re scrambling for the next fiscal stunt.
Who amongst us has any confidence that our elected officials will solve the country’s debt problem, or for that matter, allow private enterprise to do it in their absence? Intrinsic value is irrelevant; gold positions serve as a short sale on Congress.
The ongoing debate over tax relief has lost all integrity, like a favorite sweater long past its prime. Some believe that tax cuts increase the budget deficit while others suggest wealthy citizens have no moral obligation to share their bounty. Worthy positions indeed, but they are two mutually independent arguments, both valid, one having nothing to do with the other.
CNBC's Steve Liesman has the breakdown of February's personal spending and income.
Record number of mutual fund redemptions in China have prompted a slew of new offerings in the market as fund management firms struggle to retain invetsors.