Employment
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New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.
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The United States is in a recession but the downturn is expected to be mild because consumer spending is not expected to fall precipitously, Standard & Poor's said Thursday.
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The number of workers filing initial claims for unemployment benefits unexpectedly fell by 33,000 last week though workers remaining on jobless benefits continued at a high level.
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The number of workers filing initial claims for unemployment benefits unexpectedly fell by 33,000 last week though workers remaining on jobless benefits continued at a high level.
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The U.S. economy nearly stalled in the first three months of the year and will shrink between now and June, but any recession should be less severe than the last major downturn in the early 1990s, a Reuters poll showed on Wednesday.
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Oil prices, which are setting fresh records nearly every day, are likely to keep climbing until the weak US dollar starts recovering and more supplies become available.
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Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months.
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Executives at several top diversified U.S. manufacturers said they are starting to see signs of the slowing economy taking a toll on business, tempering their outlook for 2008.
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The euro cannot replace the dollar as the world's main reserve currency, and a system of two reserve currencies would be unstable, billionaire investor George Soros said on Thursday.
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Banks are so wary about lending that credit costs are pushed up despite cuts in interest rates, Fed Vice Chairman Kohn said. .
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Factory activity in the U.S. Mid-Atlantic region contracted for a fifth straight month in April, a survey released on Thursday showed.
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The number of US workers applying for unemployment benefits rose by 17,000, which was marginally less than expected, while those of workers remaining on jobless benefits were at the highest level in almost four years, a government report showed on Thursday.
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Hedge Fund SRM Global Master Fund is buying more Countrywide shares. The fund has boosted its stake from 32 million shares, to 47 million, or slightly more than 8 percent of shares. Most of the shares were bought in the last few days, at prices ranging from $4.83 to $5.69--so they've made some money, lost some money.
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Measuring inflation without including food and energy costs no longer makes sense, PIMCO Chief Investment Officer Bill Gross told CNBC.
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Japan wants the Group of Seven rich nations to show a clear determination to ensure financial system stability as global markets remain turbulent, Bank of Japan Governor Masaaki Shirakawa said on Thursday.
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Federal Reserve Chairman Ben Bernanke said the U.S. economy could face a mild recession but that growth should pick up as the impact of aggressive interest rates cuts are felt.
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The US trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a government report showed on Thursday.
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The Federal Reserve will stop cutting interest rates once it is assured that the economic contraction is limited to the financial sector, PIMCO CEO Mohamed El-Arian told CNBC.
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The Federal Reserve is mulling further steps to address liquidity problems in financial markets should measures taken to date fail to gain traction, a Fed official confirmed Wednesday.
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Former Federal Chairman Alan Greenspan told CNBC he had little to do with the housing bubble or credit crisis despite criticism the Fed kept interest rates too low under his watch.
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Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors.