AUGUSTA, Maine-- A panel that examined Maine's process for resolving unemployment claim disputes concluded understaffing led to payment delays and that there's no evidence that hearing officers were biased, officials said Tuesday.» Read More
Mark Zandi, an analyst at Moody’s Economy.com, told “Squawk Box” that June’s unemployment numbers are good -- but not as strong as they look. But Vince Farrell, guest host and managing director at Scotsman Capital Management, thinks the figures are "fine" for equities.
Jobs data will drive direction on what would otherwise be a quiet summer Friday. For now, Wall Street looks firmly higher and world stock markets are mostly in positive territory. China's Shanghai index bounced back after a 5.5% decline yesterday.
Ahead of the U.S. Labor Department's jobs report on Friday, ADP Employer Services predicts that private employers added 150,000 positions for June. But two experts take issue with ADP's calculation. David Wyss, chief economist at Standard and Poor's, and John Silvia, chief economist at Wachovia, joined "Power Lunch" to discuss their weaker job views -- and what they think the Federal Reserve will do about them.
Walter Gerasimowicz, founder and chief investment strategist, Meditron Asset Management, told CNBC’s “Power Lunch” that a liquidity crunch could take the steam out of the current market.
Shares in Fiat fell 0.3% Thursday as investors reacted to the launch of the new Cinquencento, an entry-level car revamped for the 50th anniversary of the original model.
British postal staff went on their first national strike in more than a decade today in a row over pay and government plans to cut thousands of jobs at the semi-privatized Royal Mail.
Germany's unemployment rate continued to improve in June, falling to 8.8% from 9.1% the month before in another reflection of better times in Europe's biggest economy.
The Federal Reserve’s two-day meeting on interest rates, inflation and the economy started Wednesday. Is the Fed overly concerned with inflation? Carl Tannenbaum, chief economist at LaSalle Bank, and Paul Kasriel, senior vice president and director of economic research at Northern Trust Company, offered their insights on “Morning Call.”
You have to admit, Canada is the best neighbor on the planet. But now Canada wants Americans to know she will no longer be taken for granted as the girl next door! The Canadian Tourism Council says Canada is "tired of hearing that it's too nice, too pretty, too pristine and too safe." Gee, I bet Iraqis would love to have that rep. WE'D love that rep. But the Canucks are touting the country's "new personality and make-over," like some sort of silicone implant, with a new slogan "Keep Exploring."
Julia Coronado, senior U.S. economist at Barclays Capital, told CNBC’s “Power Lunch” that she believes the Federal Reserve’s primary concern is still inflation -- but that doesn't mean there won't be a rate cut down the line.
Jason Schenker, an economist at Wachovia, told CNBC’s “Morning Call” that he believes 2007 will mark the bottom of the housing market, in starts and sales of new and existing homes. But he expects housing prices to remain flat for the next two or three years -- despite solid economic and demographic growth.
Investor and business confidence in Germany slipped unexpectedly in June, putting a halt to six straight months of increases, with development in Europe's biggest economy expected to hold steady but not gain momentum in the near-term.
Finland's unemployment rate continued its downward trend, falling to 8.5% last month, its lowest May rate in 16 years, the government statistics agency said Tuesday.
The coming week is light on economic data, but will be big in determining whether Wall Street's bulls are back in charge.
Thirty-seven percent of dads say they would leave their jobs if they could afford it, according to the annual Father’s Day survey from CareerBuilder. Another 38% said they would take a pay cut in order to spend more time with their children.
Three months of takeover turmoil surrounding ABN Amro are taking a toll on the Dutch bank as employees become increasingly frustrated and rivals try to lure away talent.
Michael Darda, chief economist at MKM Partners, told CNBC’s “Street Signs” that the current Beige Book is the “best of all worlds.”
U.S. employers are still taking a wait-and-see approach to adding jobs, according to a Manpower survey released Tuesday.
On “Morning Call,” Brian Stine, investment strategist at Allegiant Asset Management, and Edgar Peters, chief investment officer at PanAgora Asset Management, discussed the best places for investors’ money during the current volatile market.
Volatility is back with a vengeance, and investors will be watching next week's economic calendar carefully, with inflation data topping the list.