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Economists say the Senate's rejection of another extension of jobless benefits could actually cause more people to quit looking for work, which could push down the US unemployment rate.
Stocks took a real drubbing today, with the Dow off 268 points and the major indexes basically falling 3 percent. Call it the double-dip trade. But are we really heading for a double-dip recession?
Taxation on a US corporation’s foreign profits, now on the financial reform table in Congress, is a major concern, incoming CEO of Caterpillar, Doug Oberhelman, told CNBC Tuesday.
Even with the US unemployment rate mired at 9.7 percent, the jobs picture for the world's financial center appears to be improving.
The US needs to stop being the world spender of first and last resort, former IMF chief economist Raghuram G. Rajan told CNBC Monday.
Some of New York City and San Francisco’s most eligible bachelors are being auctioned off in the name of charity, and possible love.
Ahead of the key jobs report due this Friday, we like to know what you think: Will the U.S. see a double dip recession? Share your opinion, in the poll below.
Businesses have invested more money in machinery, computers, steel and other metals in three of the past four months.
A slew of troubling market factors have collided to send investors looking for safety amid concerns that the economy may slip back into a deeper recession.
The US should expect a notable slowdown in GDP growth, to ½ percent, during the second half of this year, Jan Hatzius, chief US economist at Goldman Sachs, told CNBC Wednesday.
Despite the recent financial crisis that brought the U.S. economy to its knees, Americans should trust the private sector, not the government, if they want a lasting jobs recovery, Michael Steele, Republican National Committee, told CNBC Tuesday.
Federal Reserve policymakers open a two-day meeting Tuesday amid signs of caution for the recovery: Europe's debt crisis, an edgy Wall Street, cautious consumers, a fragile housing market and high unemployment.
Slow consumer spending, along with other forces, will drag the economy down next year. Here's why:
For the first time in four years, Michigan is no longer number one in state unemployment, according to government data released Friday. Nevada now has the dubious distinction.
When economic indicators are mixed, traders and investors are faced with deciding which numbers are important, which indicators are leading and which to ignore. That's the situation they're trying to navigate right now.
The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that hiring remains weak, while consumer prices fell.
I'm in Singapore on an Asian research trip and I continue to be impressed with the trajectory of this region in terms of its growing influence on global economics.
The recovery will continue to be steady, but “sluggish and choppy” with a 1 ½ percent growth rate, and unemployment will remain high, at between 9 and 10 percent, for the next 18 months, Jan Hatzius, chief US economist of Goldman Sachs, told CNBC Tuesday.
Volatile markets that have soared off the financial crisis lows are now adjusting to a world of slower growth and multiple obstacles ahead, Pimco's Mohamed El-Erian told CNBC.