New U.S. single-family homes sales fell sharply in June, suggesting the housing market would struggle to regain momentum.» Read More
Below is the full transcript from the interview with President Obama on June 16th, 2009.
Small business has led the economy out of all past recessions and will do so again, Steve Odland, chairman and CEO of Office Depot told CNBC.
Industrial production tumbled more than expected last month as the recession crimped demand for a wide range of manufactured goods including cars, machinery and household appliances.
St. Louis Fed President James Bullard told CNBC Monday that he is cautiously optimistic that there will be economic growth in the US during the second half of the year.
Inflation hawks are circling the market, but unlike in past recoveries, it's unlikely to rear its ugly head anytime soon. In fact, the threat may be years away, say economists.
The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four months left in the budget year.
The economy's slide eased in the late spring and hopes for business activity improved, suggesting the worst of the recession has passed, a Fed report said.
An index measuring sentiment among small business owners gained for the second consecutive month, moving just below a level that would indicate positive growth in the economy.
President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.
Despite the fact that California's tax revenues are down 27% from a year ago, the Golden State's economy is apparently growing.
Despite recent signs that the economy is improving, slow growth will continue to be the "new normal" for investors, Pimco co-CEO Bill Gross told CNBC.
New U.S. jobless claims fell for a third straight week last week; productivity rose 1.6 percent. What does this herald for the stock markets? Art Cashin, UBS Financial Services director of floor operations, offered his insights to CNBC.
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For millions of families, the recession is not a layoff, nor a drastic reduction in income, but a pay cut that has forced them to thrash through daily calculations. The New York Times reports.
The Obama administration’s economic stimulus plan is working, Rep. Barnkey Frank, D-Mass. told CNBC.
Seven of 10 fund managers are betting that China and other emerging markets will lead the global economic recovery, according to a Merrill Lynch fund manager survey, and that could mean better investing opportunities abroad.
Fears about a downgrade of the US credit rating are premature, but not entirely unwarranted after Britain's outlook was cut to negative, analysts told CNBC.
The bill is expected to be signed into law by the President in the next few days.
A panel of President Barack Obama's economic advisors stepped into the public view on Wednesday at a meeting to discuss energy issues and job creation.
There are a number of indicators that are showing signs of stabilization in the economy, said Jeff Immelt, chairman and CEO of General Electric.