Prices paid by businesses for goods and services fell unexpectedly in February, a potential sign of a weak recovery.» Read More
"The V-shaped recovery just got a badly needed shot in the arm today as the consumer is back in the game in a big way," said economist Chris Rupkey.
Even if Lehman Brothers were saved last September, another financial institution would have failed and set off the same global economic crisis that has plagued international markets for the last year, the European Central Bank President told CNBC.
Treasury Secretary Timothy Geithner offered a spirited defense of the government's efforts to forestall another Great Depression but cautioned that the recovery would be slow and painful.
The collapse of Fannie Mae and Freddie Mac one year ago was the result of bad government policy that took too long be corrected, Jim Lockhart, the GSE's former regulator, told CNBC.
Despite the nation's highest jobless rate in 26 years, American workers are seeing some encouraging trends this Labor Day, according to a report released Monday by Rutgers University.
August unemployment data were released this morning and the numbers were not as bad as expected. The rate of job losses is slowing, and some economists think that the rate of jobs lost should reach zero sometime around year end with job growth returning in early 2010.
The unemployment numbers were disappointing at face value, but overall, economic data has been consistently building a foundation for recovery, said Robert Keiser, Standard & Poor's senior director.
The current market rally is based on temporary measures and could evaporate once government stimulus has run its course, Pimco's Mohamed El-Erian told CNBC.
The International Monetary Fund has revised up its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters on Friday.
Dallas Federal Reserve Bank President Richard Fisher on Thursday gave a muted outlook for the U.S. economy, saying a long period of slow growth lies ahead even when the recession ends.
More than 1.3 million Americans' unemployment insurance benefits will run out by the end of the year, placing extra strain on an economy that is just starting to recover from the worst downturn in a generation.
Banks were pressured to take government bailout funds under the Troubled Asset Relief Program whether they wanted to or not, said Bill Cooper, the chairman and CEO of TCF Financial.
After a day in the market that felt more like a punch to the solar plexus on Tuesday the market was surprisingly listless on Wednesday. There is usually some fireworks after a 90% down day, but not this time. There was even some news to chew on.
New documents show Federal Reserve policymakers had greater confidence in August that the recession was ending and felt comfortable slowing the pace of one of its economic revival programs.
On Wednesday, investors are watching the ADP private employment survey, a kind of preview to the government's monthly jobs report Friday. There is also productivity and costs at 8:30 am New York time and factory orders at 10 am. The minutes of the Fed's last minute are released at 2 pm.
The start of the month is always filled by monthly employment report hype. But it’s not the payrolls numbers investors should focus on, but the weekly employment claims numbers, Richard Bernstein, CEO of Richard Bernstein Capital Markets told CNBC.com
Commercial loans are likely to be the biggest drivers of future bank failure, Sheila Bair, Chairman of Federal Deposits Insurance Corporation, told CNBC Tuesday.
Dell's forecast that second half revenue should come in stronger than the first half are encouraging words for a stock market that has been doing little more than treading water this week.
William Dudley, president of the New York Federal Reserve talks about economic growth, Treasury auctions, inflation and what the Fed has learned from the economic crisis.
Ask any trader, and the conventional wisdom you hear will be to expect a quiet week coming up, but watch out after Labor Day when Wall Street gets back to work. Still, there's a heavy calendar of important economic data on deck.