US Economy


  • A report from the Census Bureau on Tuesday showed the country's median household income edged up just $180 last year to $51,939, a gain deemed statistically insignificant. Congress and the White House raised taxes on most Americans in 2013 while cutting back government spending, and the austerity was a major factor holding back economic growth.

  • 'Death cross' looms? Russell 2000 a concern: Cashin Tuesday, 16 Sep 2014 | 2:48 PM ET
    Art Cashin

    Art Cashin of UBS says stocks are getting a lift from expectations the Federal Reserve will keep its dovish policy stance Wednesday.

  • Philadelphia cigarette tax tops legislative agenda Tuesday, 16 Sep 2014 | 2:24 PM ET

    HARRISBURG, Pa.— Philadelphia's school system drew nearer to a badly needed infusion of cash with a unanimous Pennsylvania House committee vote Tuesday in favor of a $2- a-pack cigarette tax in the city.

  • Govt probing early release of PPI data: Report Tuesday, 16 Sep 2014 | 1:09 PM ET
    Secretary of Labor Thomas Perez.

    The U.S. Department of Labor is investigating a technical glitch that allowed the partial early release of PPI data, Bloomberg reported.

  • Millennials start leaving Mom and Dad's nest Tuesday, 16 Sep 2014 | 12:59 PM ET

    Look who's finally leaving the roost. Millennials are starting to move out of their parents' houses, opting to rent in many cases.

  • We're not that wild about Q3 outlook: CEOs Tuesday, 16 Sep 2014 | 12:31 PM ET
    Snow falls over Lower Manhattan stands in the early hours of a major winter storm on February 8, 2013

    U.S. corporate executives are scaling back business plans this quarter, consistent with other subdued economic indicators.

  • NY: Wal-Mart levied fictional 'sugar tax' on soda Tuesday, 16 Sep 2014 | 12:31 PM ET

    ALBANY, N.Y.— New York's attorney general has settled an investigation into false price advertising for Coca-Cola 12- packs by Wal-Mart at 117 stores statewide. The attorney general's office says the retail chain launched a national Father's Day sale in June advertising the 12- packs for $3, but New York consumers were routinely charged $3.50.

  • Big cities take aim at prescription painkillers Tuesday, 16 Sep 2014 | 12:29 PM ET

    The heightened rhetoric comes as Chicago tries to recover millions in health care costs from opioid drugmakers, alleging that companies deliberately misled the public about the risks of their drugs.

  • This start-up wants you to ditch your car Tuesday, 16 Sep 2014 | 11:38 AM ET
    Jacquelyn Pourroy, a 32-year-old driver for the service Sidecar, began working for the start-up about three months ago. The service lets anyone turn a personal car into a taxi.

    Sidecar recently secured $15 million in funding, as it competes with Uber and Lyft. Is the ridesharing bubble about to pop?

  • Census: Median income flat, poverty and uninsured dip Tuesday, 16 Sep 2014 | 10:54 AM ET

    The median income for people in the United States remained about flat at $51,900 in 2013.

  • US CEOs less optimistic about hiring, spending Tuesday, 16 Sep 2014 | 10:51 AM ET

    Randall Stephenson, CEO of AT&T Inc. and chairman of the Roundtable, blamed the decline of the index on Congress' failure to extend temporary tax breaks that encourage research and development and investment spending. Overseas conflicts in the Ukraine and Middle East have also weighed on executives' optimism.

  • How fair is the tax system in your state? Tuesday, 16 Sep 2014 | 10:34 AM ET

    Americans think that the poor are taxed too much and the rich too little, but some states are "fairer" than others, The Fiscal Times reports.

  • MOSCOW, Sept 16- The Russian central bank sees crude oil prices returning to above $100 per barrel in coming quarters and staying above that mark in 2016-2017, according to the bank's quarterly monetary policy document published on Tuesday.

  • Wall Street sees Fed hike sooner: CNBC survey Tuesday, 16 Sep 2014 | 7:20 AM ET

    A CNBC survey shows respondents now see the start of the Fed interest-rate hike in June 2015, up a month from the previous survey.

  • What to REALLY look for in Yellen's words Tuesday, 16 Sep 2014 | 7:00 AM ET
    Federal Reserve Chair Janet Yellen speaks during a news conference.

    Traders should be looking for any hint or change of language that gives Yellen the ability to interpret data in a different way.

  • Dutch ease off austerity, will spend on military Tuesday, 16 Sep 2014 | 6:47 AM ET

    AMSTERDAM— The Dutch government is presenting a budget for 2015 that for the first time in years will be focused less on financial austerity and more on security in light of international conflicts.

  • Australian company considering Louisville branch Tuesday, 16 Sep 2014 | 4:01 AM ET

    FRANKFORT, Ky.— An Australian company is looking to put a facility in Louisville that the company says would create 250 jobs with wages at $20 per hour. Computershare Inc. says it is considering spending $12 million to open a facility in Louisville.

  • Why ING disagrees with OECD's forecasts     Monday, 15 Sep 2014 | 7:17 PM ET

    The OECD downgraded its growth forecast for the U.S. but maintained its China outlook. Hans Stoter, Chief Investment Officer at ING Investment Management, discusses the logic behind the move.

  • Business Highlights Monday, 15 Sep 2014 | 5:46 PM ET

    'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.

  • Rates mixed at weekly US Treasury bill auction Monday, 15 Sep 2014 | 4:39 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills dropping to the lowest level in nearly a year while rates on six-month bills were unchanged. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week.

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