U.S. consumer prices rose in June as the cost of gasoline surged, pointing to a gradual build up of inflationary pressures.» Read More
Venturing back to a region reeling in deep unemployment, President Barack Obama's latest mission in Indiana is to show that the costly stimulus plan he lobbied for is producing tangible help — $2.4 billion in taxpayer grants to create electric cars and tens of thousands of jobs.
Stocks are at a pivotal point that has some traders looking for a pullback but others afraid to be caught short.
Pending home sales rose for the fifth consecutive month in June, easily topping expectations, according to the National Association of Realtors.
The progression of the economy has moved from a recession to a credit crisis to a financial panic back to a recession. The GDP numbers of last week encapsulate exactly where we're at: Q1 -6.4% and Q2 -1.0%. Due to the incredible sharp reduction in costs and inventories in Q1, earnings beat expectations by a historical amount and generated a massive up move in equities. It is truly a case of falling so far that everything looks up from here.
Better economic news keeps biting into the dollar, and it could for awhile. That trend is also propelling stocks, and on Monday, the S&P 500, the Dow and Nasdaq all closed sharply higher. They also all cracked big round numbers, with the Dow finishing up 1.25 percent higher at 9286, its first close above 9200 since November.
"But I've said nothing so far. And I can keep it up for as long as it takes And it don't matter who you are If I'm doing my job then its your resolve that breaks Because the hook brings you back" (Blues Traveler; "Hook").
Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record, reflecting the severe recession that has gripped the country.
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.