U.S. consumer prices rose in June as the cost of gasoline surged, pointing to a gradual build up of inflationary pressures.» Read More
States are spending hundreds of thousands of dollars apiece on special legislative sessions whose chief purpose, ironically, is to trim more funding from their eroding budgets.
A federal minimum wage increase that takes effect Friday could prolong the recession, some economists say, by forcing small businesses to lay off the same workers that the pay hike passed in better times was meant to help.
Congress has increased the cost of unskilled labor by 10.7% in the middle of the worst recession since the early 1980s...It is unclear how this is supposed to help the economy – unless you are Labor Secretary Solis or the Economic Policy Institute, writes William Dunkelberg, Economics Professor at Temple University.
People assume a dismal economy means good times for repo men. But as the creditors who hire them aim to cut costs, these automotive bounty hunters are struggling along with the rest of American business.
Thursday's continued string of better than expected earnings reports plus a better number on existing home sales encouraged the bulls and scared the shorts. 3M, Qualcomm, Bristol Meyers, Ford and McDonald's all did better than expected and they represent quite a cross section of industries. But I am still troubled by the fact that revenue growth is lacking and the better earnings are coming from cost cutting which can only go on for so long. I remain cautious.
Stocks could stumble Friday as investors reassess the market's rapid run, and declines in American Express and Microsoft weigh on the Dow.
The busiest day yet for second quarter earnings reports could put some juice back into the stock market Thursday.
You know the sound that a large truck makes when it backs up? Beep-beep-beep. Well that sounds like what's coming out of Congress since the nonpartisan Congressional Budget Office said it didn't see any savings in the health care proposals but rather an increase in the deficit of a potential $230 billion.
Despite Dennis Kneale calling the end of the recession, we may be getting ahead of ourselves with talk of "recovery". It's possible we're finding a bottom, but no one knows whether growth will return this quarter or next.
The deal to close California's $26 billion budget deficit included a plan to drill for offshore oil, drawing allegations that the fiscal crisis was used for a backroom deal following rejection of the idea by state regulators earlier this year.
Another wave of much better-than-expected corporate results Tuesday shows that Wall Street's analysts have badly miscalculated earnings this quarter.
Federal Chairman Ben Bernanke on Tuesday fended off congressional skepticism about expanding the Fed's duties to police big financial companies given the central bank's failure to catch problems that led to the financial crisis.
Yesterday the Conference Board reported that its Leading Economic Index (LEI) increased for a third straight month in June. In the report’s wake you could hear the clarion call… the recession has ended, the recession has ended… increase by a few decibels writes Stephen Schork.
Fed Chairman Ben Bernanke delivers important testimony before a House committee, but it's the wave of earnings reports that could decide the day Tuesday.
Nouriel Roubini, the economist whose dire forecasts earned him the nickname "Doctor Doom", told CNBC Monday that the economic recovery is going to be "very ugly."
There's not much economic news this week. Leading Economic Indicators will be reported Monday and if it's a gain (which it should be) it will be the third gain in a row. That would be good. Thursday will see existing home sales reported and they should come in at an annual rate of about 5 million. Thursday the Treasury will announce next week's bond auctions and you can expect 2 year notes and 5 and 7 year bonds totaling over $100 billion dollars.
Earnings season has put some luster back in the stock market, but it may have a tougher time scoring gains in the week ahead.
Under the Obama administration's economic stimulus plan, needy communities were supposed to be first in line for money to rebuild highways and jump start the economy. It hasn't worked out that way.
The U.S. Labor Department says unemployment topped 10 percent in 16 states last month. The rate in Michigan surpassed 15 percent, the first time any state hit that mark since 1984.
Earnings from General Electric, Bank of America and Citigroup Friday will determine whether the market keeps the week's winning streak going.