CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. St. Patrick's Day is Monday and spring arrives Thursday. The NCAAs begin this week and the Fed meets.» Read More
Stocks closed mixed as profit-taking, oil's resurgence and downgrades on Sun put a lid on the post-jobs report rally.
Stocks pulled back after rallying on better-than-expected April jobs report.
Fewer U.S. jobs were lost in April than economists feared and the unemployment rate unexpectedly improved...
I want to talk about a huge number: 457,000. That’s the number of construction jobs that have been lost since the sector peaked in September of 2006. What’s interesting to me about this number is that at the beginning of the downturn in housing we didn’t see a huge drop in construction jobs, primarily because workers moved from residential into commercial.
Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said.
Fewer U.S. jobs were lost in April than economists feared and the unemployment rate improved, raising hopes an economic downturn was not gathering steam.
UBS shares rose over 5 percent on Friday on hopes the ailing Swiss bank will unveil job cuts next week to reverse breakneck expansion into investment banking which made it Europe's worst subprime victim.
New orders at U.S. factories jumped a much stronger than expected 1.4 percent in March, and durable goods orders for the month rose a revised 0.1 percent, a government report showed.
Stock index futures hovered around the unchanged mark Friday as investors waited for the latest employment numbers.
The latest overall job loss numbers are much better than economists expected and still well 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.
Futures rallied 12 points on better than expected nonfarm payrolls report, with minor revisions in February and March numbers. The market will like it because while the economy is clearly soft, we are not seeing a wholesale collapse in the job market. Wages, however are weak, negative in fact if adjusted for inflation.
What's the trade ahead of Friday’s eagerly anticipated jobs report?
Investors are anticipating another gloomy reading on U.S. employment on Friday, though market reaction may be somewhat muted.
It’s a job hunter’s dream come true: A shortage of talent and a wealth of needy employers has made for a hot job market for some.
Europe's central banks should serve as an example to the Federal Reserve of how to manage an economy suffering through stagnation and liquidity issues, Pimco's Bill Gross told CNBC/Europe.
The number of workers applying for jobless benefits surged last week, but personal spending in March was stronger than expected, government data showed.
There are a lot of ways to describe what the Fed did today: it took the rate-cut punch bowl off the dining room table, but didn't pour out the punch. It took a baby-step towards neutral, not a grown-up step. That means it preserved the ability to cut if it needs to.
“The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who thinks the Fed may keep cutting after today.
The full statement released by the Federal Open Market Committee after its meetings held from April 29-30 on interest rate policy.
The Federal Reserve trimmed interest rates to 2% but left markets guessing about whether further cuts would be needed.