US Economy


  • *Fed's Yellen seen as more balanced in her Jackson Hole speech. NEW YORK, Aug 22- The dollar rose to its highest in more than 11 months against a basket of currencies on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy and monetary policy in remarks to central bankers.

  • Federal pension problem     Friday, 22 Aug 2014 | 2:50 PM ET

    Are federal workers getting a sweeter deal than younger generations? Steve Malanga, Manhattan Institute senior fellow, provides perspective.

  • FunniBonz: It pays to ditch Wall St. for good BBQ Friday, 22 Aug 2014 | 2:36 PM ET
    FunniBonz BBQ Sauce.

    Businessman Jim Barbour traded his Wall Street desk job for a saucy new job creating FunniBonz barbecue sauce with friend Ryan Marrone.

  • Walgreen pharmacies back up after system crash: DJ Friday, 22 Aug 2014 | 2:26 PM ET
    A Walgreens store is shown in Homestead, Fla.

    Walgreen pharmacies are back online after earlier reporting that many stores couldn't fill prescriptions due to a database failure, Dow Jones said.

  • Expectations of ECB help drive down eurozone rates Friday, 22 Aug 2014 | 1:37 PM ET

    Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling. They will be closely watching ECB President Mario Draghi's speech for more clues later Friday at a global banking conference in Jackson Hole, Wyoming.

  • JACKSON HOLE, Wyo., Aug 22- Federal Reserve Chair Janet Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday, amid calls by hawkish members of the central bank's policy committee for a quick rise in interest rates due to tightening labor markets and inflationary risks.

  • Fed's Lockhart: Looking for more months of data Friday, 22 Aug 2014 | 12:08 PM ET
    Federal Reserve Bank of Atlanta President Dennis Lockhart speaks during an interview in New York.

    The Fed should wait several more months to make sure the economy is on track, said Atlanta Federal Reserve Bank President Dennis Lockhart.

  • Higher rates not bad for economy: Fed's Bullard Friday, 22 Aug 2014 | 12:07 PM ET
    James Bullard, president of the St. Louis Federal Reserve Bank.

    Bullard also tells CNBC he's sticking with his prediction that the Fed should start hiking interest rates late in the first quarter of 2015.

  • Yellen's approach soothes doves, encourages hawks Friday, 22 Aug 2014 | 11:45 AM ET
    Federal Reserve Chair Janet Yellen, right, arrives for a dinner during the Jackson Hole Economic Policy Symposium at the Jackson Lake Lodge in Grand Teton National Park near Jackson, Wyo. Thursday, Aug. 21, 2014.

    Fed Chair Janet Yellen managed to appease doves but gave slight encouragement to hawks in her much anticipated Jackson Hole speech.

  • SpaceX gets 10-year tax exemption for Texas site Friday, 22 Aug 2014 | 8:15 AM ET

    BROWNSVILLE, Texas— Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world's first commercial site for orbital rocket launches to the southernmost tip of Texas.

  • *European shares wobble as Russia convey goes into Ukraine. LONDON, Aug 22- The high-flying dollar steadied on Friday as markets waited for steers on U.S. monetary policy, while escalating tensions over Ukraine halted a strong run-up by European stocks.


  • Citi's chief economist defends 'Helicopter Ben' Friday, 22 Aug 2014 | 3:21 AM ET

    Quantitative easing by central banks under the right conditions will always have a positive outcome for household demand, according to the chief economist at Citi.

  • Stocks are mostly lower as Ukraine tensions flare Friday, 22 Aug 2014 | 1:43 AM ET

    NEW YORK— The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.

  • NEW DELHI, Aug 22- U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday. The appointment of Subramanian, a senior fellow at the Peterson Institute for International Economics, was recommended by Finance Minister Arun Jaitley.

  • NEW DELHI, Aug 22- U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to the Indian government, the finance ministry said on Friday.

  • Take advantage of volatility in stocks: Pro     Thursday, 21 Aug 2014 | 10:26 PM ET

    Chris Watling, CEO of Longview Economics, expects volatility to return soon to markets as Fed easing comes to an end. He later discusses how that may present opportunities.

  • Why the Fed is clearly behind the curve     Thursday, 21 Aug 2014 | 10:15 PM ET

    Recent positive housing, lending and capital spending data suggest that the U.S. economoy is recovering faster than expected, says Chris Watling, CEO of Longview Economics.

  • Why you should take note of US consumer stocks     Thursday, 21 Aug 2014 | 7:15 PM ET

    John Carey, EVP & Portfolio Manager at Pioneer Investments, says consumer stocks will likely benefit from improved consumer confidence and a better Christmas season ahead.

  • Fed hawks and doves start to sound more alike Thursday, 21 Aug 2014 | 4:42 PM ET
    Federal Reserve Bank Chair Janet Yellen delivers her opening remarks to the Joint Economic Committee during a hearing entitled "The Economic Outlook," on Capitol Hill, May 7, 2014.

    Fed hawks and doves have a lot more in common than they used to—an improving labor market.

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