Prices paid by businesses for goods and services fell unexpectedly in February, a potential sign of a weak recovery.» Read More
The US recovery will continue, despite financial turmoil in Europe, as long the governments on the continent follow through on their promised rescue package, Treasury Secretary Tim Geithner told CNBC Thursday.
Employers fired as many staff in May as the previous month, according to the latest job-cut report released by global outplacement consultancy Challenger on Wednesday.
"The recovery is still on track," said Brian Bethune, a senior economist at IHS Global Insight. While Europe's troubles will put a drag on profits at US companies that do business overseas, Bethune said, "it's not going to be a show-stopper."
Just how much the US economy will expand this year and next remains a question among economists—with the wild card being the impact of European turmoil on US growth.
The economic problems in Europe have will have little effect on the United States, said Alan "Ace" Greenberg, former CEO and chairman of the board of Bear Stearns.
Economists expect the US economy added about 540,000 jobs in May—mostly from Census hiring—and analysts hope that's enough to assure investors that Europe's debt crisis won't cause a double-dip recession.
Stimulus money that helped cushion some government job programs last summer is running out, and private employers are reluctant to hire, the New York Times reports.
The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations.
Fed Chairman Ben Bernanke says central banks round the world face a delicate tasks of dciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis.
As European politicians fight to contain the debt crisis, the United States could see a similar situation within the next decade, Josh Bolten, former Office of Management & Budget director told CNBC on Friday.
Banks aren't likely to ease lending standards anytime soon due to continued worries about delinquencies, according to a survey by FICO, a decision management and analytics firm that determines consumer credit scores.
Treasury Secretary Tim Geithner is urging Europeans to conduct some form of a banking stress test, a senior Administration official told CNBC Tuesday.
A survey of leading economic forecasters predicts the pace of U.S. growth will pick up in the year ahead as consumers and businesses accelerate spending.
Another month of positive numbers for U.S. manufacturing is moderated by persistent uncertainty on future business demand and shaky global markets.
Most states across the country saw an improvement in employment in April as jobless rates dropped from the previous month, according to government data realeased on Friday
Germany's ban on certain types short sellling should be adopted in the United States to prevent the type of volatility that hurts investor confidence, Bill Spiropoulos, CEO of Corestates Capital Advisors, told CNBC Thursday.
The following is an excerpt covering the Federal Open Market Committee's discussion of possible asset sales taken from the minutes of the FOMC's April 27-28 meeting, which were released on Wednesday.
Europe could be headed for a period of stagflation as governments struggle to reform their fiscal policies and growth weakens, investor Wilbur Ross told CNBC.
Connecticut Attorney General and U.S. Senate candidate Richard Blumenthal is defending himself against a report he misstated his military service in Vietnam.
Businesses boosted their inventories for a third straight month in March, a further sign that they are gaining confidence in the strength of the recovery.