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Despite statements from officials and analysts that a double-dip recession will not hit the US, there are some little-watched indicators that are pointing to a downturn in the economy, David Rosenberg, chief economist and strategist at Gluskin Sheff, said in a market commentary note.
Thursday's weekly jobless claims only reinforced what Wall Street already knew—that despite halting signs of improvement, there is no robust recovery.
If shipments into one major U.S. port are any indication, we’re in for a stellar holiday shopping season.
Las Vegas, Nevada may be on its way back after suffering a severe economic downturn brought on by the housing market's collapse, say the local experts. hr<!-- -->
Deflation in the United States threatens economies across the globe, particularly Europe and Japan, John Makin, chief economist at Caxton Associates, told CNBC on Wednesday.
President Barack Obama is pledging a relentless fight to rebuild the economy as millions of families struggle.
The public is beginning to understand that the economic recovery remains very tenuous. Therefore, we do not believe that any new taxes, including an increase in rates on the "rich", would receive much popular support at this stage.
Local and state governments, as well as some companies, are trimming salaries in cost-saving measures that are often described as a last-ditch effort to avoid layoffs., reports the New York Times.
Following a number of strong earnings reports that includes encouraging outlook, the economy is not "headed for either a double dip recession or a deflationary malaise," according to Royal Bank of Scotland.
Some of the largest corporations—American Express, FedEx and JP Morgan —are reinstating the company match for their 401 (k) plans, but whether that represents an trend of any sort is a matter of debate.
Some of the smartest and most successful investment brains are on opposite sides of that question. The right answer matters a whole lot.
The Federal Reserve will create a "final crisis" by continuing to print money because it is underestimating the strength of the economy, Marc Faber, the author of "The Gloom, Boom and Doom Report," told CNBC Tuesday.
American employees may have trouble getting a raise these days, but deflation may work in their favor, Jim Rickards, senior managing director for market intelligence at Omnis, a consulting firm, told CNBC Monday.
"One reason why the equity market is struggling of late is because you can only drive and gaze through the rear-view mirror for so long," one market pro says of weak GDP growth.
Dueling pieces of legislation, both of which were introduced in Congress in July, address the issue of whether to close the loophole that allows online shoppers in most states to avoid paying sales tax.
Allowing the Bush tax cuts to expire would be a mistake with the economy trying to grow, James Bullard, president of the Federal Reserve Bank of St. Louis, told CNBC Friday.
Amid slow job creation, reduced housing activity and a dip in retail sales, many economists have downgraded expectations for the rest of the year. The NYT reports.
A Federal Reserve official says the central bank should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation.
The nascent US economic recovery would be halted in 2011 if Congress fails to extend the Bush tax cuts for the wealthiest Americans, analysts at Deutsche Bank said.
As the nation struggles with how to jump-start hiring in the US, one former CEO told CNBC Wednesday that a tax holiday for US-based multinationals could lead to job growth. However, experts on repatriation of profits say such breaks only rarely create jobs and the substantial amount saved by corporations on taxes usually lands in the hands of investors.