The income gap is widening fastest for Americans between the ages of 35 and 44, according to new analysis from Bankrate.com.» Read More
The number of workers filing new applications for jobless benefits fell last week to the lowest level in more than 15 months while orders for big-ticket goods posted a small increase.
Many traders expect a rally to drive the market higher through year end. But the big questions are what does the first quarter bring when absent investors return to their desks? And what do investors do to prepare for that?
With so much focus on job creation, there is a huge elephant in the Recovery Act room: fraud and waste. According to the Association of Certified Fraud Examiners, organizations lose seven percent of annual revenues to fraud. If you apply that metric to the Recovery Act, that's $55 billion dollars.
The percentage of job seekers starting a business has doubled in this recession. Here are some laid-off professionals turned happy, successful entrepreneurs who give new meaning to economic recovery.
The risks of a second leg down for the economy is small but the economy, especially the housing sector, still has a long way to go before it reaches recovery, Harvard Professor Kenneth Rogoff told CNBC Wednesday.
Stocks should make a more subdued move higher in the coming year, and the Fed is not likely to raise interest rates until at least mid-year.
"We’re getting a snapback that, when judged with those from other deep recessions, is pitiful,” quips one economist who compares the economy to a patient recovering from a near fatal auto accident.
The U.S. economy grew at a much slower pace than initially thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, according to data on Tuesday.
The economy will continue to grow over the next few years, though unemployment will remain high and inflation tame, so there's "no urgent need" for the Federal Reverse to change its low-interest rate policy, Chicago Fed President Charles Evans told CNBC
One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.
Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year, and urged the government to prepare a second stimulus package to spur job creation.
Stocks should trade quietly as investors sit out until the start of the new year. Economic reports on home sales, jobs and manufactured goods in the holiday-shortened week are coming—and everyone will be watching retail sales.
“There's all this frustration about the bailout, the money, the Fed being asleep at the switch too long, so it's coming out as Bernanke bashing,” says one Washington observer.
Most US states saw unemployment decline in November, according to a government report, the latest sign that the jobs picture is beginning to improve as the economy recovers.
The path of the dollar and fallout from the quadruple expiration of futures and options could be big drivers for stocks on Friday.
Bernanke is expected to renominated into office on Thursday, but he has his critics; some who have blasted Time's magazine's choice of the Fed Chief as "Person of the Year."
The following is an official statement from the Federal Reserve following its two-day meeting from Dec. 15-16:
Fed Chairman Ben Bernanke may no longer be worried about losing his job, but he’s still concerned about the job prospects of millions of other Americans.
Federal regulators have moved to require companies to reveal more information about how they pay their top executives amid a public outcry over compensation.
Although the economy is growing by as much as 4.5 percent in the current quarter, it’s expected to slow in 2010, well-known market analyst Abby Joseph Cohen told CNBC.