Despite a five-year low in the unemployment rate, the long-term jobless haven't found relief, White House economist Jason Furman tells CNBC.» Read More
Ben Bernanke called for greater transparency when he took the reins of the Federal Reserve. But as Wall Street awaits the Fed's Wednesday statement, two analysts still seeks clues to second-guess the chairman.
As the Fed begins its two-day meeting, analysts are still in disagreement over what the central bank’s next moves will be as the year goes on. Jason Schenker from Wachovia and Carl Tannenbaum from LaSalle Bank disagree on what the Fed considers....
Huh? Cancel the Super Bowl in order to work better? Did you read this right? Well, it seems flu shots may help us stay on the job in winter, but if you really want to prevent lost productivity in January -- just cancel the Super Bowl. Un-American you say? Perhaps. But John Challenger told CNBC's Erin Burnett that the National Football League's annual orgy of touchdowns.....
British Airways said on Monday a 48-hour strike by cabin crew members of its largest union had been cancelled, although it still expected disruptions for thousands of passengers this week.
German real wages declined in 2006, rising at a slower rate than inflation, the Federal Statistics Office said Monday.
Bond yields over the past couple of days hit a five-and-a-half-month high. Paul McCulley of PIMCO attributes the jump to the market’s unwinding expectations of a Fed easing. “It was dressed up for an easing party, and the band is not going to show,” he said. McCulley and two other analysts were on “Power Lunch” to give their take on....
Thousands of British Airways cabin crew plan to stage a two-day strike at the end of the month after talks between the carrier and its largest union broke down overnight, BA said on Thursday.
It takes self-confidence to be the chief executive. Faith in the business environment is another matter. Edward Kopko, CEO of Chief Executive magazine, told "Morning Call" that the C-level executives his publication surveyed fear the U.S. economy may be faltering.
Private equity is the hot spot in money these days with groups gobbling up companies left and right and big payoffs for members of the private equity firms. (we've reported on the pros and cons of private equity firms.) So--they are the place to be when it comes to making money, right? Well--business vets need not be bitter about reports that freshly-minted MBAs are making $400,000 per year....
Federal Reserve Chairman Ben Bernanke will address a changed U.S. Congress tomorrow. Should President Bush’s man in the Fed alter his modus operandi in tune with a Democratic-controlled legislature? Mark Weisbrot, co-director of the Center for Economic and Policy Research, says the answer is yes.
Pfizer's new chief executive is preparing a plan to overhaul the drug maker that could include cutting several thousand jobs and changing the way it develops, makes and markets medicines, The Wall Street Journal reported on Tuesday.
A federal judge has granted class-action status to a lawsuit accusing Costco Wholesale of denying promotions to women.
Today, the U.S. House of Representatives will vote on whether or not to increase the minimum wage. While the law is expected to pass without much difficulty, there’s still plenty of debate on whether the intended effect – more purchasing power for low-skilled workers – is beneficial for the overall economy. Opponents say the increase hurts small businesses and, in the end, prices job seekers out of the market.
Governor Arnold Schwarzenegger is introducing a new plan to cover nearly all of California's uninsured. The Clinton administration tried something similar but the proposal died in Congress before it ever got off the ground. Does the former body-builder have the political muscle to get his idea past his political opponents? On CNBC’s “Morning Call” we took a closer look at his plan and why it could land before a judge.
Job growth and worker wages climbed strongly in December, suggesting the labor market remains very tight.
Pimco's Bill Gross is calling for four rate cuts this year with the benchmark 30-year bond going down to 4.25%. But will that really happen in light of today's stronger-than-expected payrolls report? On CNBC’s "Closing Bell," Maria Bartiromo asked the bond maven what he thought.
Educated Guesses & Wild Stabs: It occurs to me that, as much as I’ve tried to fill this space with amusing anecdotes, I’ve let a dose of negativity creep in recently as I’ve detailed my dislikes of auto sales and presidential news conferences. So today, I’ll reverse that by telling you how much I love the monthly jobs report.
The Dow, Nasdaq and S&P 500 are down this morning after a better-than-expected jobs report. That’s right, healthy employment numbers have caused a dip in the market. Traders appear to be more concerned with the Fed these days, and the robust report could mean there's no rate cut in the near future. William O’Neil’s Stephen Porpora can’t understand why everyone is so surprised. He appeared on "Squawk on the Street."
The U.S. Department of Labor released the December jobs report this morning. Non-farm jobs are up by a surprising 167,000---while the unemployment rate is unchanged at 4.5%. Analysts had expected about 100,000 jobs for December. CNBC’s "Squawk Box" team sifted though all the data and explained what the numbers mean going forward. Jack Bouroudjian is from the Brewer Investment Group. He said this is good news and bad news....
U.S. jobs data will guide the markets today and bad news from Motorola is rippling through global markets. An early look shows U.S. equities weaker ahead of the opening. European stocks are lower as commodity driven shares continue to sell off and most Asian markets closed with losses.