The number of new U.S. unemployment claims rose sharply last week, even as retail sales gained solidly.» Read More
Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows.
A hot July for stocks has set the stage for a rally that should run right into August.
Friday's GDP report is expected to show the economy shrank further in the second quarter, but many economists believe the recession has finally hit bottom.
After a year and a half of declining payrolls, economists are more certain there will be modest job creation than either a "jobless recovery" or an outright jobs boom.
Wall Street's bull just won't give up, even in the face of crumbling support from oil and the dollar.
The stock market spent July on a "sugar high," rising to levels not justified by an economy that is still limping along, Pimco's Mohamed El-Erian told CNBC.
The bulls are still in charge, for now.
Another flood of earnings news will help guide Tuesday's market, after stocks held steady Monday.
Federal Reserve Chairman Ben Bernanke said Sunday that he had to "hold my nose" over last year's taxpayer-financed bailouts of big financial companies but argued that the action had to be taken to avoid a major meltdown of the U.S. financial system and the broader economy.
"The nosedive is over," says one economist about Friday's second-quarter GDP report. "Nevertheless, you come out of this looking past the second quarter with a very uneven recovery picture."
New-home sales rose by the largest amount in nearly nine years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
Corning stock softened in early morning trading despite reporting better-than-expected second-quarter earnings on Monday.
Corporate earnings will serve as a tailwind for the stock market in the week ahead, but gains could be constrained after an 11 percent run in just two weeks.
States are spending hundreds of thousands of dollars apiece on special legislative sessions whose chief purpose, ironically, is to trim more funding from their eroding budgets.
A federal minimum wage increase that takes effect Friday could prolong the recession, some economists say, by forcing small businesses to lay off the same workers that the pay hike passed in better times was meant to help.
Congress has increased the cost of unskilled labor by 10.7% in the middle of the worst recession since the early 1980s...It is unclear how this is supposed to help the economy – unless you are Labor Secretary Solis or the Economic Policy Institute, writes William Dunkelberg, Economics Professor at Temple University.
People assume a dismal economy means good times for repo men. But as the creditors who hire them aim to cut costs, these automotive bounty hunters are struggling along with the rest of American business.
Thursday's continued string of better than expected earnings reports plus a better number on existing home sales encouraged the bulls and scared the shorts. 3M, Qualcomm, Bristol Meyers, Ford and McDonald's all did better than expected and they represent quite a cross section of industries. But I am still troubled by the fact that revenue growth is lacking and the better earnings are coming from cost cutting which can only go on for so long. I remain cautious.
Stocks could stumble Friday as investors reassess the market's rapid run, and declines in American Express and Microsoft weigh on the Dow.
The busiest day yet for second quarter earnings reports could put some juice back into the stock market Thursday.