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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.
Sales at U.S. retailers rose more than expected in April, lifted by a surprise gain in motor vehicle purchases, government data showed on Friday. Retail sales have now increased for seven straight months.
Although financial conditions in the United States have improved since the 2008 crisis, events in Europe show their fragile underside, a Federal Reserve official said Thursday.
New claims for unemployment benefits dipped for the fourth straight week, a sign the job market is improving at a glacial pace. Import prices rose 0.9 percent.
The European debt crisis has left markets vulnerable to any sovereign debt rating reports and ratings agencies have seen their influence mushroom in Europe.
The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports.
The US exposure to the European debt bailout could be at least $50 billion, but the chance of taxpayers actually being on the hook for that appears remote.
Europe's $1 trillion bailout fund might alleviate some of concerns that its debt problems could spread to the US, Philadelphia Fed President Charles Plosser told CNBC Monday
Jobs areas that had been lagging—employment of men and for those living in the Midwest—have shown an upswing in employment in recent months, the CEO of temporary placement agency Kelly Services told CNBC Friday.
The cause of the Dow's dramatic intraday market slide of nearly 1,000 points Thursday is still under investigation.
A mission to the bottom of the sea to try to avert a wider environmental disaster progressed early Friday as crews attempted to capture gushing oil.
Problems with Greek debt are about to spread to other countries and could infect the US, Pimco's Mohamed El-Erian told CNBC.
Employers in the US will be hiring “very selectively” in the second quarter of 2010, Jeff Joerres, CEO of Manpower, told CNBC.
Manufacturing and retail are perking up, according to the ADP jobs report for April, especially the former, which has been characterized as a “shining light.”
The big rating agencies are no longer very useful to investment companies such as the world's biggest bond fund manager PIMCO, which can be quicker to anticipate shifts in credit quality of debt, the company said on Wednesday.
Bankers in London hoping for a boom in business if strict financial reform legislation is passed on Wall Street will be disappointed as a migration of funds across the pond will likely fail to materialize.
The private sector added 32,000 jobs from March to April while the number of jobs US employees plan to cut fell dramatically, according to separate reports Wednesday.