Prices paid by businesses for goods and services fell unexpectedly in February, a potential sign of a weak recovery.» Read More
Happy Anniversary! Well, sort of. Even for supporters of the American Recovery and Re-investment Act, the one-year anniversary of it being signed into law might not be a time for celebration -- at least not yet.
The US could end up with the same problems as debt-laden Greece if it does not get its spending under control and deal with its structural deficit, David Walker, president and CEO of the Peter G. Peterson Foundation, told CNBC.
A gauge of manufacturing in New York state rose in February as inventories jumped, while holdings for US Treasurys fell the most on record, according to separate economic reports.
When employers hire temporary staff after a recession, it's long been seen as a sign they'll soon hire permanent workers. Not these days.
The Unites States, Europe and Japan will face a period of low economic growth due to the impact of a balance-sheet recession, where governments, individuals and banks are forced into austerity measures, Nouriel Roubini, economics professor and chairman at RGE.com, told CNBC Friday.
The federal government is open for business again Friday after a blizzard shut down Washington, delaying some economic reports.
The consumer products maker unveiled a "Thanks, Mom" campaign, with commercials highlighting the role of U.S. athletes' mothers while also offering them financial help with Vancouver travel expenses.
A pause is all very well, but if the monetary crutch that has supported recovery is kicked out too soon, that double dip scenario could become a reality.
Interviews with more than a dozen people who were out of work at least a half-year during the recession and have now landed jobs found many adjusting to new realities. .. In some ways, it is equivalent to the lingering symptoms of post-traumatic stress.
Health-care and consumer-services jobs will lead a slow jobs recovery this year, but overall employment will be kept in check by declines in local government and construction jobs, economists say.
As workers struggle to find jobs and US regulation becomes more aggressive, the economic recovery will defy trends and make choices harder for investors, Pimco's Bill Gross told CNBC.
There are so many opinions why the economy isn’t creating jobs in this recovery that impatience may be on the verge of exasperation.
Although many retailers turned in rosier monthly same-store sales reports in January than expected, the stocks are showing it is far too soon to declare the worst over for the retail sector.
The US economy, led by a surge in corporate spending on equipment, has moved into the second phase of the recovery and will soon lead to job growth, John Chambers, CEO of Cisco, told CNBC Thursday.
Whiel Wall Street profits have rebounded to record levels, the Street is not showing signs yet of a real employment recovery.
Private-sector jobs fell by 22,000 in January, the smallest loss since employment began dropping in 2008 and even better than expectations, according to the ADP National Employment Report.
The key to economic progress is not a revenue equation, but a spending equation, David Walker, former U.S. comptroller general told CNBC on Tuesday.
As costly as President Barack Obama's proposals to revive the economy are, they pale in comparison to the impact the recession has had on the federal budget and its astonishingly huge deficits.
While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.
From more than 160,000 reports, the Recovery Board reported late Saturday that from October through December, 599,108 jobs had been directly created by stimulus money.