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Earnings from General Electric, Bank of America and Citigroup Friday will determine whether the market keeps the week's winning streak going.
The stock market decided it loved Intel's earnings report more than it loved my guess that we had to correct a bit more of the rally from the March lows. Intel's very solid earnings, and more important its outlook for the next quarter, caused the shorts to run for cover and the market averages rose about 3% across the board.
Although the depression scare is over, the economy is likely to remain sluggish for some years, said Robert Shiller, Yale University economics professor.
The first days of earnings season seem to have lit a fire under the stock market, but investors are wondering if this week's rally is for real or just a bunch of smoke.
The Federal Reserve expects the economy will sink at a slower pace this year but unemployment will top 10 percent, according to a forecast contained in the latest minutes.
The Federal Reserve released the following economic forecast on Wednesday as part of the minutes of its June 23-24 policy meeting.
Several economic reports were released Tuesday, and the actuality is far different from the headlines. The Producer Price Index came and registered an alarming increase of 1.8%. But if you factor out food and energy, the increase falls to +0.5%. Read further, and that increase is entirely due to a jump in the price of cars and other light vehicles. I
Positive comments and a better-than-expected earnings report from tech bellwether Intel could capture the imagination of investors, who have been hoping tech will rescue the earnings season.
There's a lot riding on Goldman Sachs' earnings report Tuesday. Already high expectations for a block buster quarter moved up a notch Monday when usually bearish banking analyst Meredith Whitney put a buy on the stock and said the firm's earnings will show a huge upside surprise.
Last Friday, the closely-watched University of Michigan consumer confidence survey registered a disappointing reading of 64.6, when hopes had been for a 70 or so. But maybe it shouldn't have been a surprise, figuring that, during the month, energy prices were high (since reversed, of course), the stock market was struggling, and unemployment continued to rise.
Earnings season should provide a fresh view of the U.S. economy and may shake the stock market out of its summer doldrums.
The economy is on its way to recovery said JPMorgan Vice Chairman James B. Lee, Jr., though some work still remains before a complete rebound is underway.
Here comes the corporate earnings season, and there's no doubt it will be more important than most. Alcoa's after-the-bell report Wednesday signals the start of the second quarter reporting period, which traders say could be a turning point for a very tentative stock market.
The competition for jobs intensified in May, the government said Tuesday, as employers advertised more positions but the number of people looking for them also increased. Here's a breakdown of jobs by region, hiring and hardest hit.
The federal minimum wage is set to increase later this month, and that could be bad news for small business owners already struggling in a pinched economy.
The pace of the economic recovery heading into the fall—electric smooth or diesel rough—will determine whether Obama can prod Congress on the key features of his agenda with momentum or from a defensive crouch.
The stock market is still in danger of breaking through its March lows as the economy continues to struggle, economist David Rosenberg told CNBC.
With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.
Thursday's announcement that U.S. employers cut 467,000 jobs in the month of June is a "disappointment," but still an improvement over the 700,000 a month that were shed in earlier months this year, said Christina Romer, chair of the President's Council of Economic Advisers.
The slide in employment is representative of what the US economy faces for years to come, Pimco's Bill Gross says.