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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.
The country is headed in the right direction, Alan “Ace" Greenberg, former Bear Stearns chairman and CEO, told CNBC Friday.
Pacific Investment Management Co, manager of the world's largest bond fund, raised its growth forecast for the U.S. economy to between 3 percent and 3.5 percent for 2011 from its earlier estimate of 2 percent to 2.5 percent, Chief Executive Mohamed El-Erian told CNBC late Thursday.
To garner stronger returns, institutional investors need to skew more toward emerging markets and other areas, Byron Wien, a vice chairman at the Blackstone Group, told CNBC Thursday.
Citigroup remains too "interwoven" to fail even after the government has plowed billions into rescuing the banking titan and Congress has passed laws taking aim at financial behemoths, Citi Chairman Richard Parsons told CNBC.
Economist Nouriel Roubini on Wednesday voiced concern over a compromise on extending tax cuts struck by US President Barack Obama and Republican leaders, saying the agreement could expose the US to bond vigilantes who will drive up the price of yields
Employers posted a sharp increase in job openings in October, raising hopes that hiring could pick up in the coming months.
Factories are busier. Incomes are rising. Autos are selling. The holiday shopping season is shaping up as the best in four years. Stock prices are surging. Why aren't employers hiring?
Federal Reserve policies are creating an asset bubble that isn't helping unemployment or acting as a real stimulus to the economy, investor Wilbur Ross told CNBC.
Pay no attention to those 15.1 million unemployed people—Wall Street instead is more focused on the man behind the Fed curtain and what he'll be doing to fire up the equity markets.
The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. The New York Times reports.
The shockingly weak jobs numbers released this morning are evidence of something I've talked about in this space: American businesses are on strike.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
As bad as Friday's anemic jobs report turned out, it's just the beginning of a further rise in unemployment that will reach double digits, Mark Zandi, chief economist at Moody's told CNBC.
America has "lost its leverage" in the world because of its dependence on the Middle East and China, said Thomas Friedman, foreign affairs columnist at The New York Times.
Rising stock values not only have benefited investors but also have played a critical role in the economic recovery, former Federal Reserve Chairman Alan Greenspan told CNBC.
It's the other U.S. debt problem. States are scrambling to close $114 billion in budget shortfalls over the next year and a half. For now, they can borrow at curiously low rates in the bond market — but they better hurry.
America may not make as many goods as it used to, but it's moving goods around at a pace not seen since before the recession.
For a vivid display of the current economic conditions, Pimco's Bill Gross harkens back to a 1981 Billy Joel song to assert that we're all living in "Allentown" now.