WASHINGTON— Consumer confidence rebounded slightly this month as the job market showed signs of improvement. And the unemployment rate slid to 5.4 percent, lowest since May 2008, six months into the Great Recession. Paul Ashworth, chief U.S. economist at Capital Economics, called the May improvement in confidence "a pleasant surprise given that other measures...» Read More
With their newly won power, Republicans in Congress have the opportunity to exert pressure and hopefully exact cooperation from Democrats. But they must keep in mind that the voting public is watching with a distrusting eye, and can withdraw that power in two years if it is not exercised to the advantage of their own wellbeing.
For every effective business, data drives decision making from the cubicle to the boardroom. Without supporting data, new projects and products are not funded, people are not added, and marketplace conditions are not understood. This basic principle of American business is starting to take hold in American education. As a result of better data in recent years, America has awakened to its dropout epidemic.
Next week brings November's employment report, a critical bit of data in a week likely to be dominated by readings on the U.S. economy and the developing debt crisis in Europe.
More than 14 million Americans are unemployed today and that number is growing. In that reality, five people I know lost their jobs last week. One of them was me.
It may not have felt like a red-hot summer, but in the three months between July and September, US businesses netted more money than in any quarter since the government started keeping records.
Why would you pay over $1 million for a home that’s less than 1,000 square feet? For Location? Views? Realtor.com compiled a list of 10 tiny homes that come with a hefty price tag.
Velma Hart, the woman made famous at the CNBC Town Hall in September for questioning President Obama about the economy, remains upbeat, following the loss of her job on Friday.
From health care to fin reg to the EPA, it appears that the Obama administration has had an agenda and has not deviated from that agenda despite the economy.
As the question of extending the Bush tax cut remains up in the air, President George W. Bush defended the cuts on CNBC Monday, saying that they lead to job growth.
The federal government may not have a bridge to sell you, but it does have an ammunition plant, an access road, and a handful of lighthouses.
Even at manufacturing companies that are profitable, union workers are reluctantly agreeing to tiered contracts that create two levels of pay, the New York Times reports.
Treasury Secretary Timothy Geithner says the Obama administration will oppose any effort in Congress to strip the Federal Reserve of its legal mandate to pursue low unemployment.
You could call it Ben Bernanke's, "Speak softly and carry a big stick" speech. The Fed boss offers a lesson on global trade and the important role a healthy US economy plays in it.
The CEO of UBS Americas told CNBC Thursday that Federal Reserve President Ben Bernanke has “done a fantastic job” and that quantitative easing may be good for the country after all.
For many years, I’ve been a fan of Warren Buffett’s long term approach to value investing. Understanding the value of a company, regardless of its momentary stock price, is a great long term investing strategy. But it pains me whenever I read commentary from Buffett that glosses over reality or is somehow self-serving.
Despite a devastating recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to study released Wednesday by the Center for Responsive Politics.
There’s something new going on in Washington, DC.
To get an idea of which GM models are the most iconic, Karl Brauer, Senior Analyst & Editor-at-Large at Edmunds.com listed his top picks.
Fedex President and CEO Fred Smith told CNBC Monday that US corporate tax rates need to be reduced to promote job growth.
Plus, Cramer highlights the most important events of the coming week.