New U.S. single-family homes sales fell sharply in June, suggesting the housing market would struggle to regain momentum.» Read More
As the FDA continues to take testimony over whether a genetically engineered salmon by Aqua Bounty is safe to eat, environmentally sound to raise, and whether it requires special labeling, there is a bigger question. Would anyone eat it?
Uncertainty about health-care costs and taxes is the rallying cry of some business leaders who say they’re putting off hiring and expansion till they know what those expenses will cost. Just how much weight that argument carries pitted New Jersey Governor Chris Christie against James Chanos founder of the hedge fund Kynikos Associates, on CNBC Tuesday.
The Fed resumed a debate Tuesday on whether to pump billions of dollars more into the sluggish U.S. economy, but was likely to hold off for now.
After months of modest improvement, most states showed an increase in unemployment rates in August, reflecting continued weakness in the public sector.
President Obama stayed on “pro-growth,” did not attack Wall Street but held his ground on the Bush tax cuts and other policies, CNBC guests said Monday, following a Town Hall meeting.
How much of a boost to the U.S. recovery could another trillion dollars or two buy? That's a tricky question for the Federal Reserve when it meets Tuesday to debate what would warrant pumping more money into the financial system.
In a trend that bodes badly for the U.S. jobs outlook, productivity in the world's biggest economy is probably not headed for a sharp slowdown, according to research from the Federal Reserve Bank of San Francisco.
High deficits and a lack of job growth underpin Obama's awful poll numbers, but the foul mood is buttressed by a fundamental disagreement with policies the president has pursued that should be winners.
It’s the consumer, stupid. That was the message of Bill Dunkelberg, chief economist for the National Federation of Independent Business (NFIB), who told CNBC Monday that the consumer needs to come back for the economy to improve.
Dueling sentiments are tugging at President Obama as he is set to address the nation on CNBC Monday. One is that he’s been “too nice to Wall Street,” according to a CNBC poll; the other is that he’s anti-business, a consensus discussed on CNBC Monday.
Strong investor demand for junk bonds has pushed the average price on such corporate debt to its highest level since June 2007, when companies could borrow with ease at the height of the credit boom, the Financial Times reports.
President Obama lacks the popularity and credibility now to give Americans confidence about the economy, Washington Post reporter Neil Irwin told CNBC Friday.
In a scathing criticism of the Obama administration, Home Depot co-founder Bernie Marcus told CNBC Friday that Treasury Secretary Geithner should have a reality-TV show about small business, because it would illustrate how out of touch the Obama administration is with the private sector.
The percentage of Americans struggling below the poverty line in 2009 was the highest it has been in 15 years, the Census Bureau reported Thursday, and interviews with poverty experts and aid groups said the increase appeared to be continuing this year, the New York Times reports.
Had the Republicans taken control of Congress in 2008, the country would have sunk into a depression, House Speaker Nancy Pelosi (D-Calif.), told CNBC Thursday.
New York's financial services sector shed 4,400 year-over-year in August, weighing on the state's unemployment rate, according to the New York Department of Labor's August report released Thursday.
The budget problems that come from federal spending and entitlements, such as Social Security, pale in comparison with the challenges of containing health care costs and maintaining Medicare at the level of treatment Americans expect, Robert Reich, the former Labor Secretary, told CNBC Thursday.
The economy almost certainly will not re-enter recession but will grow only slowly in the years ahead, keeping interest rates low and markets subject to rapid change, Goldman Sachs analyst Abby Joseph Cohen told CNBC.
Reinstating federal estate taxes at the 65 percent rate will result in some 1.6 million jobs lost, Douglas Holtz-Eakin, president of the think tank the American Action Forum, told CNBC Thursday.
The number of people living in poverty has climbed to 14.3 percent of Americans, with the ranks of working-age poor reaching the highest level since at least 1965.