WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.» Read More
Consumer confidence suffered its steepest monthly drop on record in October, a survey showed Friday, as the worst financial crisis in generations took its toll.
Regulators are expected to approve a clearinghouse for credit derivative swaps in the next several weeks, CNBC has learned.
U.S. consumers cut their monthly spending for the first time in two years during September, evidently bracing for hard times as jobs continue to disappear and credit conditions tighten.
If I need the money, should I dip into my pension now or wait until it matures?
Barbara Corcoran lists the best cities in America to spend your golden years -- and they're not what you might think.
Whether you're 22 or 62, planning for retirement isn't what it used to be. Here are the new rules for a new time.
U.S. banks' direct borrowing from the Federal Reserve fell last week, although it remained at very high levels even as the U.S. central bank made its first foray into the commercial lending markets, Fed data showed
Recent trends in the U.S. economy are "deeply worrisome" at a time damage from the credit crunch has outpaced the Federal Reserve's huge interest rate cuts, a top Fed policy-maker said Thursday.
A broad array of businesses across the New York region have begun eliminating jobs by the thousands as the pain of the financial crisis spreads well beyond Wall Street, says the New York Times.
These are unsettling times in the financial services industry. But times of transition can bring opportunity for job seekers who can adapt to the needs of the market.
As the Federal Reserve slashed a key interest rate by 50 basis points on Wednesday, Pimco's Bill Gross said he expects rates to hold or decline to 1 percent.
Below is the statement released by the Federal Open Market Committee after its Oct. 28-29 meeting on interest rate policy:
The Federal Reserve will unveil its decision on interest rates Wednesday afternoon, and a cut is widely expected by investors. CNBC asked former Federal Reserve officials to weigh in on the upcoming decision.
Amidst it all, it can be quite easy to miss a simple fact: since the start of the primaries, Barack Obama and John McCain have been interviewing for a job.
One of the best money managers in the business, Robert Doll of Blackrock, said something once that changed how I view almost everything in life: If you control what you can control, and do it well, you will always come out ahead.
Do you know about this new option many employers offer for older workers? Our retirement expert explains.
Whether your career has landed you in the finance industry (poor you) or manufacturing or retail, you are in for a cold, dark winter. We all are. Our corporate leaders cannot cut 10% or 20%, much less 25% without chopping into some executive bone. That means you, partner. You, under the desk!
1st paragraph of story should go here
Cramer draws important parallels between the Great Crash of 1929 and now. Find out why we're in better shape today.
As the layoffs add up, how bad will unemployment be in this recession? And what does that mean in terms of when and how the economy will recover?