Orders for big-ticket U.S. manufactured goods rose strongly in June, a sign of increased business spending and better growth.» Read More
The European Central Bank increased its intervention in government bond markets last week, indicating that the euro’s monetary guardian remained wary of an escalation of the eurozone debt crisis, reports the Financial Times.
The newly elected Congress needs to “get to work” to solve some of the country’s biggest problems or the American people will throw them out in two years, GOP Sen.-Elect Rob Portman of Ohio told CNBC Wednesday.
Rising exports and falling unemployment will drive US growth in 2011 and allow the country to avoid comparisons to Japan's lost decade, Goldman Sachs Asset Management economist Jim O'Neill told CNBC.
The Federal Reserve’s $600 billion stimulus program has done little to lower interest rates and or improve unemployment, though it has boosted stock and commodity prices, a CNBC survey says.
With national unemployment just below 10 percent, $20 yoga classes don't qualify as necessities for many out-of-work people who've pruned luxuries from their budgets. So in a gesture that's part send-good-vibes-to-the-universe and part community outreach, a handful of yoga studios have decided to cut the unemployed a break.
Next year will be “quite good” for the private equity world, David Rubenstein, co-founder and managing director of the private equity firm the Carlyle Group, told CNBC Monday.
US economic growth will be stronger than previously expected in 2011 and monetary easing has been "at least modestly successful so far," James Bullard, President of the Federal Reserve Bank of St. Louis said on Monday.
Both big business and big government should be viewed as evils and threatening the real engine of economic growth, which is small business, author Nassim Taleb told CNBC Friday.
Despite the tax-cut deal in Washington and better growth forecasts from economists, the bar is likely very high for the Federal Reserve to back off its plans to purchase $600 billion in bonds.
The unemployment rate rose in 21 states and Washington D.C. in November, up from the 14 states that showed increases the month before, according to government data released Friday.
The tax compromise brokered by President Obama with Republican congressional leaders will boost economic activity, adding ½ to 1 percent to the GDP, Steven Schwarzman, chairman and CEO of private equity firm Blackstone Group told CNBC Thursday.
In topics that ranged from taxes to jobs to American competitiveness to education to the deficit, President Obama came across to CEOs as willing to listen and work with business.
Legendary investor Michael Milken told CNBC Tuesday to expect inflation next year.
Morgan Stanley hiked its forecast for fourth-quarter U.S. economic growth Tuesday following a string of better-than-expected economic assessments, according to a report from Dow Jones.
The fact that the private sector is “transacting” in toxic assets now shows a return of confidence to the market, Neel Kashkari, Pimco managing director and head of new investment initiatives, told CNBC Monday.
Rising interest rates for now are generating views that the economic glass is half-full, even though the trend would seem to counteract aggressive monetary policy from the Federal Reserve.
Christmas 2010 could turn out to be the merriest since the recession began, with the exclusive CNBC All-America Economic Survey finding Americans somewhat more optimistic but real optimism remains elusive.
Credit card offers are surging again after a three-year slowdown, as banks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans, the New York Times reports.
Perhaps there’s a lesson to be learned from the Germans whose economy has bounced back from the recession quicker that the US’s and who have a workforce that is, largely, working.
Obama’s former director of the Office of Management and Budget, Peter Orszag, told CNBC Friday that he’s concerned that the new Congress could stymie the health-care bill by blocking funding.