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US Economy

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  • A 30-Hour Working Week: Could It Happen in Germany? Monday, 11 Feb 2013 | 7:15 AM ET

    A group of 100 German academics, trade unionists and politicians is calling for a 30-hour working week with full pay, German daily Tageszeitung reported on Monday, with the petitioners arguing that a shorter working week is the best way to address rising unemployment.

  • Are Power Companies Better Prepared for Nemo? Friday, 8 Feb 2013 | 4:21 PM ET

    With some 2,000 people still without power from Hurricane Sandy, the question for many is whether energy companies along the Northeast are better prepared for Nemo.

  • US Wholesale Inventories Fall 0.1%, Miss Forecast Friday, 8 Feb 2013 | 10:01 AM ET

    U.S. wholesale inventories unexpectedly fell in December as auto dealers and agricultural suppliers drew down their stocks, a negative signal for economic growth.

  • Consumers Borrowed More in December Thursday, 7 Feb 2013 | 3:42 PM ET
  • The Fed has the appropriate policies in place right now and will remain accommodative until the economy improves, Chicago Fed President Charles Evans told CNBC.

  • Osborne Drops Taxes to Lure Bolt to London Thursday, 7 Feb 2013 | 8:29 AM ET
    Usain Bolt

    Olympic sprint champion Usain Bolt and other overseas athletes will be able to compete tax-free in this year's London Diamond League event at the Olympic Stadium after the British finance minister agreed to a "one-off" exemption.

  • Sequester Is 'Terrible, Terrible' Legislation: Rubin Thursday, 7 Feb 2013 | 8:10 AM ET
    Robert  Rubin

    The automatic across-the-board spending cut measure set to take effect next month is "terrible, terrible" piece of legislation, Robert Rubin, former Clinton Treasury Secretary, told CNBC.

  • Bank of England Holds Policy, Will Reinvest Bonds Thursday, 7 Feb 2013 | 7:55 AM ET

    The Bank of England kept its support for the economy steady on Thursday, voting to reinvest 6.6 billion pounds of bond holdings that mature in March and saying it would provide more stimulus if needed.

  • Carney Sets High Bar to Bank of England Changes Thursday, 7 Feb 2013 | 7:38 AM ET
    Incoming Bank of England Governor Mark Carney

    Mark Carney, the next governor of the Bank of England, said on Thursday any rethink of how British monetary policy is run should be made carefully but changes should be looked at over time.

  • Currency Wars Return '30s Style: Who Will Lose Out? Thursday, 7 Feb 2013 | 2:53 AM ET

    As countries try to weaken their currencies to boost exports, the risk of a currency war similar to events seen in the 1930s has heightened, according to Morgan Stanley.

  • Russian Money Streams Through Cyprus Thursday, 7 Feb 2013 | 1:29 AM ET
    A car drives past a billboard promoting a Russian bank on a main road in the southern Cypriot port of Limassol.

    In 2011, Cyprus was the number-one destination for Russian money being sent abroad and the number-one direct investor in Russia, with more than $13bn in investments, according to Russia’s Central Bank, the Financial Times reports.

  • Long-Term Unemployment Now a Thing of the Past? Wednesday, 6 Feb 2013 | 9:23 AM ET

    Long-term unemployed in the U.S are having an easier time finding jobs — and the problem of long-term joblessness may disappear in the months ahead.

  • Nikkei Surges 4% as Yen Slumps Tuesday, 5 Feb 2013 | 6:27 PM ET
    Masaaki Shirakawa, governor of the Bank of Japan

    Japanese stocks surged 4 percent to its highest level in more than four years on Wednesday, after the yen declined sharply on bets that a decision by the head of the Bank of Japan to step down early will bring forward aggressive monetary easing.

  • Fed's Duke Says Housing Sector Is Picking Up Steam Tuesday, 5 Feb 2013 | 2:28 PM ET
    Foreclosures are selling fast.

    Former community banker now Federal Reserve Board Governor says fierce bank competition is pushing housing sector growth.

  • US Services Sector Growth Meets Estimates: ISM Tuesday, 5 Feb 2013 | 10:00 AM ET

    The U.S. services sector grew in January for a third year of back-to-back monthly expansion, although the pace of growth slowed slightly from the previous month, according to a new report.

  • Jamie Dimon

    Good U.S. fiscal policy could make the economy globally competitive and unleash substantial growth, JPMorgan CEO Jamie Dimon told the Miami Chamber of Commerce.

  • Why Budget Cuts Could Throw Economy Into Recession Monday, 4 Feb 2013 | 10:08 AM ET

    Unless Congress acts, job losses from scheduled budget cuts on March 1 could throw the U.S. economy into another recession, some analysts predict.

  • Factory Orders Rise 1.8 Percent but Miss Forecasts Monday, 4 Feb 2013 | 10:00 AM ET
    An employee welds mounting brackets to an aluminum pontoon during the fabrication process at the Nautic Global Group production facility in Elkhart, Indiana, U.S.

    U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans. The Commerce Department said factory orders rose 1.8 percent compared to November, when orders had fallen 0.3 percent.

  • Silvio Berlusconi

    Italy's former Prime Minister Silvio Berlusconi announced his "last great electoral and political battle" on Sunday.

  • In a positive sign for the economy, a new report showed that the pace of growth in the U.S. manufacturing sector picked up while a separate report showed that construction spending rose last month.

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