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Government data is expected to show that the number of newly laid-off people filing jobless benefit claims dipped slightly last week but remains at elevated levels due to the sluggish economy.
Lehman Brothers reported a record $3.93 billion quarterly loss, while top economists debated over the GSE takeover of Fannie Mae and Freddie Mac. Following are today's top videos:
Deaths among those working the nation's oil and gas fields have risen at an alarming rate, The Associated Press has found.
The blogging CEO is not a new creature in the internet landscape – some members of the blogging CEO club have diligently posted since the days of the dot-com bust.
Global financial leaders convened at an economic summit held at the University of Virginia to discuss the world's economic concerns. The conference tried to design a blueprint for how to solve some shared economic problems, such as the subprime mortgage crisis and rising fuel and food costs.
Despite a Fannie-Freddie takeover, a $168-billion stimulus measure, a housing rescue package and Fed rate cuts, the economy is still struggling. Now what?
U.S. President Bush Wednesday signed into law a housing rescue plan passed by Congress as foreclosures rise and property values slump, including emergency backstop credits for the big mortgag elenders.
Even with Friday's rebound, the market is down for the month and still well into bear territory. The reason: Investors don't see much reason to own stocks.
The surprising jump in August unemployment couldn't have come at a worse time for the already struggling housing market.
The latest overall job loss numbers showed a loss of 84,000 jobs in August and a jump in the unemployment rate to 6.1%, close to a five-year high. The payroll drop is still below the six figure numbers seen in past recessions. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The unemployment rate zoomed to a five-year high of 6.1 percent in August, proof of the mounting damage the economy is inflicting on workers and businesses alike.
A bad jobs number on Friday could provoke more worries about the economy, and give the Democrats more ammunition against the GOP.
How should you play the market after the sell-off? In this Web Extra find out when the market will likely bounce.
As layoffs accelerate and job creation slows, it's no wonder that more Americans are worried about their job security.
The Dow tanked on Thursday, as more signs of weakness in the labor market heightened concerns about the economic outlook. Will Friday's jobs report stem the selling?
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
The dual mandate of the Federal Reserve is "too complicated a job for central banks to do, where the temptation to act opportunistically becomes almost irresistible," while inflation-targeting is the right objective for a central bank, former MPC member Professor Willem Buiter told CNBC Europe in a television interview.
The following is the full text of the Beige Book released by the Federal Reserve on September 3, 2008 and based on information collected on or before August 25, 2008:
Downsizing slowed in August but was still up from a year ago according to Challenge, Gray & Christmas. Tomorrow we will get the jobless claims numbers and on Friday we will get the latest non-farm payroll and employment numbers from the Bureau of Labor Statistics. Here is a breakdown of where the jobs are and recent trends.
Little attention has been paid to what a recession and spike in unemployment would do to an already battered housing market.