Even before tougher sanctions against Russia hit the books, the country faces potential hits as investors turn their backs on its financial assets.» Read More
U.S. factory activity was unchanged in July from June while inflation pressures moderated, according to a report released Friday
Pimco's Mohamed El-Erian said the unemployment rate is headed toward 6 percent, as the year-long global financial market turmoil continues to have a growing effect on the U.S. economy as a whole.
The dollar first extended and then trimmed gains versus the euro Friday after a report showed manufacturing activity in the U.S. was better than expected in July.
CNBC's Steve Liesman goes fishing with the financial pros at the annual Economic Finance Retreat at Leen's Lodge fishing village in Maine. Here's what the experts had to say about the state of the economy.
A year after the credit crunch started what, if anything has changed, and more importantly what have banks learned? (Hint, not a lot.)
European stocks fell on Friday, knocked lower by a sharp drop in mining shares that followed falling metal prices, while automakers retreated after a profit warning from BMW and GM's massive loss.
Sustaining rapid growth is China's economic priority, President Hu Jintao said on Friday as an official survey pointed to a swoon in the all-important manufacturing sector.
Struggling Japanese Prime Minister Yasuo Fukuda will appoint popular rival Taro Aso in a key ruling party post and replace his finance minister, Japanese media said, as part of a shake up aimed at boosting his support among voters.
South Korea's export growth in July hit its highest in over four years on strong demand from emerging countries, data showed on Friday, easing concerns over a slowdown of overseas sales in a sluggish global economy.
The jobs data is the make or break number for markets Friday. The monthly data, reported at 8:30 a.m., is expected to show a decline of 75,000 non-farm payrolls and an unemployment rate of 5.5%.
Manufacturing in Australia slowed in July to its lowest level since late 2005 and new orders dropped as higher interest rates and the global credit squeeze continued to crimp activity, a private survey showed on Friday.
You got to admire the American ‘Can-Do’ spirit, which is on full throttle display since we have awoken to energy predicament. Oil sheiks got over us a barrel? Not for long! Definitely not when we really put our collective Yank minds to the problem – as we are finally beginning to do.
Former Federal Reserve Chairman Alan Greenspan said the US is “nowhere near the bottom” of the housing slump and is “right on the brink” of a recession.
Treasury Secretary Henry Paulson says the $168 billon government stimulus effort has proven to be a timely support for the economy and will continue to assist growth in the second half of this year.
The US economy, desperately looking to stave off a recession, might find salvation in an unlikely place: volatile oil prices.
The dollar fell Thursday as news of a surprise jump in U.S. weekly jobless claims and below-forecast economic growth in the second quarter reduced prospects for Federal Reserve interest rate hikes this year.
U.S. Treasury Secretary Henry Paulson said that while tax rebates will help support the U.S. economy in the second half of the year, it faces hardships from housing woes, credit market turmoil and high energy costs.
A pickup in U.S. growth during the second quarter showed that the economy was resilient and that an emergency stimulus package was working, a senior White House adviser said on Thursday.
Furious motorists faced with high pump prices have accused oil majors of profiteering, but as the firms announced bumper profits this week, they said they were making little gasoline sales.
An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.
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