*Nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, the Labor Department said on Friday. *Average hourly earnings, which are being closely monitored as a potential signal of reduced slack that could prompt the Fed to raise rates, rose only one cent. COMMENTS: MARK GRANT, MANAGING DIRECTOR, SOUTHWEST SECURITIES, FORT LAUDERDALE, FLORIDA:.» Read More
Barack Obama's victory and an expanded majority in Congress could have Democrats making up a list of economic stimulus measures and checking it twice.
Barack Obama's victory and an expanded majority in Congress could encourage Democrats to make up a list of economic stimulus measures and check it twice.
More people at the top of the ladder retiring means more promotions for those of us who are on the lower rungs. Forget about redistributing the wealth, higher taxes on high earners should lead to better jobs for young people like us who are waiting for our elders to retire so we can work our way up the corporate food chain.
Regardless of what they may think of our governmental policies, when foreigners describe “average” Americans, they frequently remark upon our determined positivity. In fact, to the outsider, American rosiness can seem rather naïve, a bit forced and not infrequently annoying.
The U.S. Treasury said on Wednesday it will resurrect the 3-year note and conduct more frequent auctions of 10-year notes and 30-year bonds to cope with staggering borrowing needs that some say could reach $2 trillion in the current fiscal year.
The obvious and easy first move for President-Elect Barack Obama is to put some money into the automobile industry to save a large number of jobs, financier Wilbur Ross said Wednesday.
If we have a short-term project (e.g., get a job before severance runs out in 12 weeks) execution is relatively clear because the steps are laid out in sequential order and the short duration of the project leaves little time to lose focus.
For this special Halloween edition of On The Money's Web Extra, Carmen has advice to allay all your fears -- the past, present and future financial "demons."
Washington, taking a page out of Hollywood, looks set to release Stimulus 2, the sequel. And if anything, it may be the mother of all economic stimulus packages.
A friend of a friend, who happens to be a senior executive at a New York based media conglom, was lamenting this recently as he braced for another big RIF (reduction in force) at his company
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.