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Innovation in the U.S. has been stagnant for ten years and the government isn't doing enough to boost the sector, which is risking the economic recovery, Edmund S. Phelps, professor of political economy at Columbia University, told CNBC Friday.
Applications for jobless benefits dropped last week for the third time in four weeks, a sign that employers are cutting fewer jobs, while second-quarter economic growth was better than earlier estimates.
If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
Investors will continue to see strong demand for gold and exchange-traded funds (ETFs) are the best way for regular investors to benefit from the commodity's rise, said Robert Kapito, president of BlackRock.
The weak dollar will mean meager returns on US stocks and bonds for years, so US investors need to look at overseas markets for better yield, Pimco's Bill Gross told CNBC Tuesday.
The Federal Reserve has not run out of options to boost the economy and must focus on managing people's expectations to avoid a prolonged slump like Japan experienced, former Fed Governor Randall Kroszner told CNBC Tuesday.
The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession
Women made little progress in climbing into management positions in this country even in the boom years before the financial crisis, according to a report to be released on Tuesday by the Government Accountability Office, writes the New York Times.
Have you been working to boost your credit score before trying to get a mortgage? It may not yield the payback you expect.
The Federal Reserve will boost its balance sheet by about half a trillion dollars over a six-month period beginning in November and keep it inflated for up to a year, according to a survey of leading markets participants by CNBC.
Citigroup CEO Vikram Pandit will be paid a dollar again this year for 12 months of work, while other top executives at the bank are set to earn millions.
As gold tops $1,300 an ounce, lawmakers in Washington are aiming to ensure that consumers don't get trounced by bad gold deals.
To chip away at unemployment, former President Clinton proposed Thursday on CNBC that employers with open jobs hire a newly trained employee whose education is funded by the government.
New York City’s quasi-military $1.2 billion Department of Sanitation is the largest such municipal operation in the world.
U.S. banks should be able to meet new higher capital rules through future profits without crimping lending in a way that would harm the recovering economy, Treasury Secretary Timothy Geithner told a congressional panel Wednesday.
Herb Allison, the head of the government's $700 billion financial bailout program, is resigning.
The United States economy has lost more jobs than it has added in the past year even as the recession ended in June 2009. The New York Times reports.
Mayor Antonio Villaraigosa dismissed former L.A. Mayor Richard Riordan's gloomy prediction that the city will be bankrupt by 2014.
The Federal Reserve on Tuesday inched closer to fresh steps to bolster the sluggish US recovery, saying it stood ready to provide more support for the economy.