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Policy action like the bill against undervalued currencies that passed through the US House of Representatives will make the currency war even worse, Richard Cookson, CIO of Citigroup Private Banking told CNBC Monday.
Dropping out of college after a year can mean lost time, burdensome debt and an uncertain future for students. Now there's an estimate of what it costs taxpayers. And it runs in the billions.
The jobs crisis has brought an unwelcome discovery for many unemployed Americans: job openings in their old fields exist. Yet they no longer qualify for them.
After averting a severe depression two years ago, industrial nations risk losing the recovery, the chief executive of the world's largest bond investor says.
According to several trade groups in the trucking industry, there could be a shortage of drivers next year, and the estimates range from 200,000 to as many as 500,000.
We remain cautious in this environment. High quality blue chip stocks remain reasonably priced, but investors aren't buying these stocks. We have not seen the type of rotation into high-quality, defensive companies that we usually see when the economic backdrop becomes clouded.
Today, the US employment data beat the whisper number of zero to +20, but wasn't strong enough to return US GDP to trend growth of 3.0%. It means the markets should continue to anticipate QE2 with stocks rallying, bonds rallying and the US dollar dropping.
A decision on the next round of buying assets at the Federal Open Market Committee's meeting will be difficult to take as the risk of a double-dip recession has receded, St. Louis Fed president James Bullard told CNBC Friday.
As a scandal unfolds over shoddy preparation of foreclosure documents, the fallout is beginning to hammer the housing market, especially in states like Florida, the NY Times reports.
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.
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.
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.
The Treasury Department was thorough and fair in picking firms to invest bailout money, a new watchdog report says.
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.
A group of Washington Mutual creditors have signed on to a settlement that pushes the bank's reorganization plan a step closer to approval.
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.
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 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.
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.