OLYMPIA, Wash.-- State officials say that an estimated 25,000 unemployed workers in Washington state will lose their benefits at the end of the month.» Read More
The U.S. economy is weak but does not appear to be in a recession, according to a key forecasting gauge, the Conference Board reported.
The fallout from the global credit crisis is not over yet, billionaire investor Warren Buffett said Monday.
United Auto Workers officials Sunday urged American Axle & Manufacturing Holdings workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.
Many teens are seeking jobs that will help them get into college, so they're skipping the traditional summer employment that doesn't add anything to a resume.
The US economy and financial markets will improve by year-end but housing still poses the biggest threat to the economy, Treasury Secretary Paulson predicted.
The head of the Federal Deposit Insurance Corp said on Friday that another wave of U.S. credit stress was coming, involving non-mortgage loans.
The U.S. economy may avoid recession but it is likely to remain weak at least until the end of the year, Atlanta Federal Reserve President Dennis Lockhart told "Squawk Box" on Friday.
Investors struggled to figure out where the economy is headed after reports showing a modest increase in jobless claims and weakness in the manufacturing sector.
Financial market turmoil underscores the need for "generous" capital cushions, and banks need to actively raise money as needed, Federal Reserve Chairman Ben Bernanke said Thursday.
The economy is continuing to slow, particularly in manufacturing, though some areas are not quite as bad as expected, according to the latest reports out Thursday.
CEO compensation at the biggest U.S. corporations dropped sharply last year, reflecting in part the rough business conditions at top-tier banks and other large financial firms, a study has found.
The United States and China both need to fend off a troubling rise in economic nationalism in order to keep their economies strong, U.S. Commerce Secretary Carlos Gutierrez said on Thursday.
In the real world, gasoline prices surged 5.6% in April, but the government smooths out seasonal oddities so prices appeared lower in Wednesday's inflation report.
Bond fund leader Pimco's Mohamed El-Erian on Wednesday said the Federal Reserve does not have the tools to deal with the U.S. housing crisis and rapidly rising consumer prices, leaving it to lawmakers to avert a severe recession.
Former Federal Reserve Chairman Paul Volcker Wednesday said the central bank's role in overseeing financial markets needs to be more clearly defined and the that of rating agencies, sovereign wealth funds and hedge funds in the financial crisis should be weighed.
Consumer prices rose a smaller-than-expected 0.2 percent in April as energy prices held steady, a Labor Department report on Wednesday showed.
U.S. Federal Reserve Chairman Ben Bernanke said the credit crisis is not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.
The U.S. economy will barely expand in the second quarter and the chances of it shrinking have risen, following sluggish growth early in the year, said a Philadelphia Federal Reserve survey released Tuesday.
Cleveland Federal Reserve Bank President Sandra Pianalto said on Tuesday that although core U.S. price measures were climbing faster than she wanted, Fed monetary policy was compatible with low inflation.
It's a busy week on the economic calendar, with the consumer price index, data on housing starts and the Philly Fed index all expected.