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Economic Measures

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  • Wharton Grads Head to Far East for Jobs Friday, 8 Oct 2010 | 5:08 AM ET

    For graduating MBA students five years ago, the path may have been predictable: accept diploma, sign onto a six-figure income with a major investment banking firm, and begin 18-hour workdays.

  • More Fed Action Coming, But it May Not Help: El-Erian Thursday, 7 Oct 2010 | 9:46 AM ET
    Pimco co-CEO Mohamed El-Erian

    Central banks in the US and Europe likely will implement "several rounds" of monetary easing programs in November, but with uncertain chances of success, Pimco co-CEO Mohamed El-Erian told CNBC.

  • Those Thinking Economy to Improve Up Slightly: Survey Thursday, 7 Oct 2010 | 6:30 AM ET
    Recession-themed newsprint cuttings

    The majority of American consumers still think the country is on the wrong track, but those that think it's headed in the right direction has increased slightly according to a new RBC Consumer Outlook Index.

  • Taxpayers Likely to Turn Profit on Bailout Investment Thursday, 7 Oct 2010 | 5:39 AM ET
    Financial Crisis Bailout

    The Treasury Department was thorough and fair in picking firms to invest bailout money, a new watchdog report says.

  • Suburbs Take Hit as US Poverty Climbs in Downturn Thursday, 7 Oct 2010 | 5:03 AM ET
    Vacant Home

    Battered by the downturn, America's suburbs are bearing the brunt of poverty among those of working age that has climbed to its highest level in almost a half century, creating strains on dwindling safety-net programs focusing mostly on the inner-city poor.

  • WaMu Bank Bondholders Settle for $335 Million Thursday, 7 Oct 2010 | 4:51 AM ET

    A group of Washington Mutual creditors have signed on to a settlement that pushes the bank's reorganization plan a step closer to approval.

  • College Endowments Shift Investing Strategies Wednesday, 6 Oct 2010 | 4:52 PM ET

    Colleges consistently depend on using a certain percentage of there endowment money every year, but because of the near zero percent interest rate environment they find themselves having to rethink the way they invest.

  • Skilled Workers Will Drive Jobs: Former Coke CEO Wednesday, 6 Oct 2010 | 11:01 AM ET

    Jobs won’t come back in the short term, until companies need to hire, Neville Isdell, former CEO and chairman of Coca-Cola, told CNBC Wednesday. But it’s a long-term employment strategy, led by education, that the US lacks and needs to address, said Isdell.

  • US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.

  • Private-Sector Hiring Falters; Planned Layoffs Up 7% Wednesday, 6 Oct 2010 | 8:19 AM ET
    Career Fair

    Private-sector job growth tumbled by 39,000 from August to September, a considerably worse number than analysts had expected and indicative that the employment market is far from recovery, according to ADP.

  • Foreclosure Furor Rises; Many Call for a Freeze Wednesday, 6 Oct 2010 | 7:08 AM ET
    Foreclosure Sign

    The uproar over bad conduct by mortgage lenders intensified Tuesday, as lawmakers in Washington requested a federal investigation and the attorney general in Texas joined a chorus of state law enforcement figures calling for freezes on all foreclosures, reports the New York Times.

  • Prospects Continue to Dim for Holiday Retail Jobs Wednesday, 6 Oct 2010 | 2:47 AM ET
    Toys R Us Express

    Many retailers said they would barely increase their seasonal jobs from last year, when hiring was among the lowest in more than a decade. The NYT reports.

  • It's Simple to Balance The Budget Without Higher Taxes Tuesday, 5 Oct 2010 | 11:28 AM ET

    Various politicians and interest groups insist higher taxes are necessary because it would be impossible to cut spending by enough to get rid of red ink. This Center for Freedom and Prosperity video shows that these assertions are nonsense.

  • Two New Fed Members Sworn In; New Aid Considered Monday, 4 Oct 2010 | 10:33 AM ET
    Janet L. Yellen

    Two new members have been installed on the Federal Reserve, which has enormous power over Americans' pocketbooks.

  • Busch: What Jobs and Currencies Have in Common Monday, 4 Oct 2010 | 10:30 AM ET

    The outcome of these themes will likely be a narrative of expanding global growth with a weak US perspective that leads to further "Risk-On" trading with a twist.

  • Cheap Debt for Corporations Fails to Spur Economy Monday, 4 Oct 2010 | 4:49 AM ET
    Cash

    As many households and small businesses are being turned away by bank loan officers, large corporations are borrowing vast sums of money for next to nothing — simply because they can, the New York Times reports.

  • Fed Officials Beginning to Make Intentions Clearer Friday, 1 Oct 2010 | 5:49 PM ET
    William C. Dudley, President and CEO of the Federal Reserve Bank of New York

    In the clearest calls yet by Federal Reserve officials to pump more cash into the economy, two Fed policymakers said Friday that more action would likely be needed unless the outlook improves.

  •     Friday, 1 Oct 2010 | 12:00 PM ET

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  • US Innovation 'Dead in the Water': Columbia's Phelps Friday, 1 Oct 2010 | 10:23 AM ET

    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.

  • Weekly Claims Ease; GDP Growth Gets a Bit Better Thursday, 30 Sep 2010 | 9:54 AM ET

    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.