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The worst of the credit crisis is over, though there are still areas—such as commercial real estate—that are struggling, Jeff Lacker, president of the Richmond Federal Reserve, told CNBC Thursday.
The National Association of Home Builders says its housing market index climbed in April, buoyed by improved sales as homebuyers raced to qualify for tax incentives due to expire this month.
A key banking regulator said that banks have performed well, relative to the stress test, after the worst financial crisis since the Great Depression and that losses are significantly less than expected.
US financial companies still have more than a $1 trillion on their balance sheets, but analysts say they are unlike to stem the recent rally in financials.
Reluctance by small businesses to hire more workers won't derail the economic recovery, though growth will remain slow, Goldman Sachs chief US economist Jan Hatzius told CNBC.
The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.
More than two thirds of Americans who've been unable to sell their home and buy one that better fits their needs have cut back on household expenses such as food, entertainment and clothing in order to pay their mortgage, a survey released Tuesday shows.
The pillars of Americans' financial security—jobs and home values—will stay shaky well into 2011, according to an Associated Press survey of leading economists.
Phrases like “green shoots,” “animal spirits” and “real consumer spending” are dominating analysts’ weekend reports as they track economic recovery. Yet, the economists with National Bureau of Economic Research are reluctant to declare the recession over.
Who do you listen to? When do they move markets? And do they move them up or down? The award goes to Fed chairman Ben Bernanke.
A majority of Americans see their personal financial situation as somewhat good, according to a new monthly report by RBC on consumer confidence.
Unemployment rates fell or remained unchanged in two-thirds of the 372 largest U.S. metro areas in February. The news adds to evidence that the job market is improving.
Late payments for most types of consumer loans decreased in the final quarter of last year, a new industry survey shows.
The Labor Department says job openings rose in several sectors of the economy in February, including retail, manufacturing, restaurants and hotels, and transportation.
The US recovery is "sustainable" and the economy is unlikely to see another dip, Jeffrey Lacker, President of the Federal Reserve Bank of Richmond, told CNBC Tuesday.
Creditors can secure a court order to seize part of the debtor’s paycheck or the funds in a bank account, a procedure called garnishment. Such pay seizures are rising fast in some areas, the NY Times reports.
Friday's report on March employment is likely to be just the first sign that hiring is on the upswing and will continue into the summer, two analysts told CNBC.
Planned layoffs rose sharply in March, largely due to reduction of government payrolls, staffing consultancy company Challenger, Gray & Christmas reported Thursday.
"We're just at the point now where the economy's likely to start creating jobs on net," Treasury Secretary Timothy Geithner told NBC's "Today" show . "The unemployment rate is still terribly high, and it's going to stay unacceptably high for a long period of time," he added.
When the financial crisis froze markets and drove the U.S. economy deeper into recession, the Federal Reserve stepped in. Now it is stepping out , and that leaves two important questions for investors.