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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.
Out-of-work with no place to land, the legions of America's unemployed are growing. The Labor Department is scheduled to release a report Thursday expected to show the nation's unemployment rate edging closer to double digits.
Despite the anxiety around the June employment report Friday, traders say the market's reaction could be muted.
The best quarter in 10 years is now history, as investors quickly shift their focus to the promise of a bumpy road for stocks in July.
The U.S. Treasury is plans to roll out its long-awaited Public-Private Investment Program plan. CNBC has confirmed that two firms will be Wilbur Ross's Distressed Real Estate/debt fund and a joint venture between GE Capital and private investor Angelo Gordon & Co.
Stocks enter the second half of the year with trepidation, despite the fact that the economy may finally start to show real signs of recovery.
Stocks had their best day in three weeks as markets enter the home stretch to the quarter end.
The government says the number of people filing first-time claims for jobless benefits increased last week, partly due to layoffs related to the end of the school year.
The Federal Reserve needs has done its job and now needs to let fiscal policy-makers take over, Pimco bond fund co-CEO Mohamed El-Erian told CNBC.
Stocks are now searching for the next catalyst, after a routine Fed announcement left the market mixed and little changed on the day.
There were some minor tweaks to the Federal Reserve's statement today, but otherwise the major thrust of the Fed's extraordinary policy to combat the financial crisis remains in place: keeping interest rates "exceptionally low .... for an extended period" and continuing massive purchases of treasuries and mortgage-backed securities.
Markets hang on the Fed's every word, and already investors have been handicapping the outcome of possible changes in the Fed's statement Wednesday afternoon.
With signs the economy is improving but still fragile, Federal Reserve policymakers are considering whether some programs intended to drive down rates on mortgages and other consumer debt should be slowed down.