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  • Fed Expects Higher Inflation, Sluggish Growth Tuesday, 15 Jul 2008 | 11:10 AM ET

    Following are the U.S. economic forecasts for 2008, 2009 and 2010 from the Federal Reserve's semi-annual monetary policy report to Congress issued on Tuesday.

  • Bush Urges Quick Action on Fannie, Freddie Rescue Tuesday, 15 Jul 2008 | 10:41 AM ET

    President Bush urged lawmakers to move quickly in putting into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac while declaring the nation's financial system to be "basically sound."

  • Fed Chief Gives Gloomier Outlook On US Economy Tuesday, 15 Jul 2008 | 10:07 AM ET
    Ben Bernanke

    A weakening housing market, a strained banking system, and rising oil prices threaten the U.S. economy, and restoring financial market stability is a top priority, Fed Chairman Ben Bernanke said.

  • Protectionism Not Good in Tanker Deal: EADS Tuesday, 15 Jul 2008 | 8:40 AM ET

    Protectionism is not good for anybody and could hurt trans-Atlantic relations, the chief executives of EADS and Northrop Grumman told CNBC referring to the largest-ever tanker deal, which last week was reopened by the US department of defense.

  • Economy Shows New Signs Of Dreaded Stagflation Tuesday, 15 Jul 2008 | 8:40 AM ET

    Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy.

  • Bernanke, Paulson to Testify on Financial Turmoil Tuesday, 15 Jul 2008 | 3:22 AM ET

    Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.

  • UK Housing Sentiment Improves in June: RICS Monday, 14 Jul 2008 | 7:03 PM ET

    The outlook for UK housing improved slightly in June, but a sharp downturn in the economy could see the foundations of the British real-estate market start to crumble, the Royal Institute of Chartered Surveyors said Tuesday.

  • This week's problems at Fannie Mae and Freddie Mac are more evidence of a painful fact for the economy: the extent to which mortgage-related debt is exacerbating the current slide, and how it will prolong what more and more analysts are calling a recession.

  • Figuring out why states fared poorly in America’s Top States For Business 2008 takes a bit less work than determining why others did well.  It usually comes down to performance and scoring in three key categories, and they happen to be the three with the most impact on the weighting and the overall rankings. Here's the ten worst -- and why.

  • CNBC's Worst States For Doing Business Friday, 11 Jul 2008 | 8:22 AM ET

    Figuring out why states fared poorly in America’s Top States For Business 2008 takes a bit less work than determining why others did well.  It usually comes down to performance and scoring in three key categories, and they happen to be the three with the most impact on the weighting and the overall rankings. Here's the ten worst -- and why.

  • US Heads for Recession, but Europe Fares Better: Fitch Thursday, 10 Jul 2008 | 10:24 AM ET

    The United States is heading for recession despite modest growth in the first half of the year, but strength in Germany is keeping European growth prospects a bit brighter, Fitch Ratings said on Thursday.

  • Initial Jobless Claims Show Surprising Drop Thursday, 10 Jul 2008 | 10:04 AM ET

    The number of U.S. workers filing new claims for jobless benefits dropped by a much bigger-than-expected 58,000 last week to 346,000.

  • Editor's Introduction: And The Winner Is—Texas Wednesday, 9 Jul 2008 | 4:42 PM ET
    Houston skyline, Texas

    Welcome to our second annual look at America’s Top States for Business—a study that shows you can’t sit still if you want to stay competitive.  Our study rates the states on the very selling points they use to attract business -- 40 metrics in ten categories.

  • Conservation Having Little Effect on Gasoline Prices Wednesday, 9 Jul 2008 | 2:04 PM ET

    Though they have finally begun using less gasoline, US consumers remain pretty much powerless to contain prices at the pump.

  • El-Erian: Commodity Surge a Double-Edged Sword Wednesday, 9 Jul 2008 | 11:25 AM ET

    Rising commodity prices are threatening not only the United States but also economies from emerging nations across the globe, Pimco Co-CEO Mohamed El-Erian said on CNBC.

  • Workplace BlackBerry Use May Spur Lawsuits Wednesday, 9 Jul 2008 | 11:10 AM ET
    A Blackberry devise is used

    As employers hand out electronic devices to their employees at a greater pace, there are growing concerns that workers eligible for overtime pay, known as non-exempt employees, could begin suing their employers for overtime hours earned while tapping on their devices during after-work hours.

  • Pieces in Place to Reduce Oil Price: Schork Wednesday, 9 Jul 2008 | 9:37 AM ET

    Fundamental pieces are in place for the lowering of oil's price, but until the dollar appreciates and speculators stop betting up the commodity it will remain at high levels, Stephen Schork, editor of The Schork Report, said on CNBC.

  • EIA: Gas Prices to Stay Above $4 For Rest of 2008 Tuesday, 8 Jul 2008 | 12:57 PM ET

    Gasoline prices will remain above $4 a gallon for the rest of the year, while oil prices will continued to be pressured by the tight market for crude, the U.S. Energy Information Administration said on Tuesday.

  • Siemens to Cut 16,750 Jobs Amid Economic Downturn Tuesday, 8 Jul 2008 | 11:46 AM ET

    German industrial conglomerate Siemens  plans to cut around 4 percent of its workforce as part of an overhaul and as a result of the global economic downturn, Siemens said on Tuesday.

  • Get Ready For CNBC's Top States For Business 2008 Tuesday, 8 Jul 2008 | 9:43 AM ET

    As the nation’s economy cools off, the race to attract jobs heats up.  Who’s winning?  CNBC and CNBC.com present our second annual look at America’s Top States for Business -- and it does show some notable changes from the 2007 results.