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Shipments of RVs, an economic indicator, for 2011 are expected to be up 8.2 percent from those this year. Currently, about 8.3 million households now own an RV.
More European countries will need bailouts until policy makers address the underlying causes of their financial problems, which include too much government debt and not enough spending controls, Pimco's Mohamed El-Erian told CNBC.
Ireland, North and South Korea, Congress and more - here's what you need to know for this week.
The Food and Drug Administration would have to step up inspections of food plants under legislation the Senate is expected to pass this week.
The world is on the brink of another financial crisis if the economic theories shaping today’s financial and public policy are not killed off, John Quiggin, author of "Zombie Economics: How Dead Ideas Still Walk Among Us," told CNBC Friday.
The US needs to take urgent action to cut its debt in order to prevent the next financial crisis, which may start in Washington, Sheila Bair, chair of the Federal Deposits Insurance Corp. (FDIC) wrote in an editorial in the Washington Post.
Tom DeLay, one of the most powerful and divisive Republican lawmakers ever to come out of Texas, was convicted Wednesday of money-laundering charges in a state trial, five years after his indictment here forced him to resign as majority leader in the House of Representatives, the New York Times reports.
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.
Stocks are getting ripped by North Korea and Ireland, with all the fears that go along with those two stories. People should not panic. A lot of good news out there is suggesting a strong economy, regardless of what the Fed says.
Read the full text of the minutes from the Federal Open Market Committee's November 2-3 meeting here.
The rebound in the U.S. economy until the third quarter was concentrated in the goods-producing sector of the economy, something quite evident in data on personal spending on durable goods, particularly compared to data for spending on services. Given the fact that the U.S. economy is a service-oriented economy, the composition of consumer spending had therefore been skewed unfavorably in terms of what is best for job growth.
States with some of the highest unemployment in the country showed some improvement in October, though the decline partly reflected an increase in people who gave up looking for work.
The presidential commission investigating the BP oil spill in the Gulf of Mexico has said that neither the industry nor the US government had made adequate investments in clean-up technology in the wake of the 1989 Exxon Valdez spill, reports the Financial Times.
Former Securities and Exchange Commission chairman Harvey Pitt said that regulators’ upcoming insider trading cases, expected to be filed soon, are clear cases of abuse and don’t reflect a shift upward in regulatory action.
The Federal Reserve is undergoing what former central bank governor Frederic Mishkin is calling an unprecedented level of attacks caused by its inability to articulate a clear message regarding its multitrillion-dollar monetary policies.
George Osborne is set to water down plans to force disclosure of bank bonus payments above £1 million, in a move that will delight the City but sets up a political clash with business secretary Vince Cable and the Liberal Democrats, reports the Financial Times.
The president and COO of private-equity firm Blackstone Group, Tony James, told CNBC Friday that quantitative easing by the Federal Reserve will enhance productivity, but not whittle down the large unemployment number in the United States.
Six of the top-grossing movies this year have been 3-D films, Dreamworks CEO Jeffrey Katzenberg told CNBC Friday.
Those with jobs are working more hours, and factory workers are getting more overtime. Though neither is at the point that signals significant hiring ahead, it's clearly moving in the right direction, some economists say.
Currency friction between the United States and China is on a "collision course," as both countries manage two opposing monetary and economic interests, Jim Rickards, sr. managing director at Omnis, a market intelligence firm, told CNBC on Friday.