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US Economy

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  • Conn. unemployment insurance tax stokes complaints Thursday, 31 Jul 2014 | 1:37 PM ET

    HARTFORD, Conn.— Nearly 100,000 employers in Connecticut are about to get sticker shock as the state mails annual tax bills to pay interest on its $433 million federal loan for unemployment benefits for workers let go during the Great Recession.

  • What do investors fear most? The Fed's bubble Thursday, 31 Jul 2014 | 12:46 PM ET
    Federal Reserve Chair Janet Yellen

    When it comes to what investors think will spoil the 6-year-old bull market, most point directly to the Federal Reserve.

  • Institute: Oklahoma tax holiday is little relief Thursday, 31 Jul 2014 | 12:33 PM ET

    Enacted by the Oklahoma Legislature in 2007, the event is similar to sales tax holidays in 16 other states including Arkansas, Missouri and Texas, according to the Federation of Tax Administrators in Washington, D.C. And the Oklahoma Tax Commission reports that it saves Oklahoma shoppers millions of dollars in sales taxes each year.

  • From ashes of this market, the dollar rises Thursday, 31 Jul 2014 | 12:04 PM ET

    As stocks spiral lower and bond yields tick higher, strategists say the dollar may finally be getting ready to flex some muscle.

  • *Wall St tumbles with Dow, S&P turning negative for July. NEW YORK, July 31- Doubts on whether stock markets can ride out a tightening of U.S. monetary policy dominated trade on Thursday, sending major U.S. stock indexes down more than 1 percent, while the dollar edged higher against a basket of major currencies.

  • Midwest business activity at 13-month low in July Thursday, 31 Jul 2014 | 11:06 AM ET

    The pace of business activity in the U.S. Midwest in July sank to its slowest level since June 2013, a report showed on Thursday.

  • GOVERNMENT REPORT FINDS FINANCIAL MARKET PARTICIPANTS BELIEVE REGULATORY REFORMS REDUCED LIKELIHOOD GOVERNMENT WOULD BAIL OUT BIGGEST U.S.

  • Social, cloud feel a little bubbly: Oracle chair Thursday, 31 Jul 2014 | 9:21 AM ET

    Silicon Valley is "alive and well," but the level of prosperity depends on the tech sector, Oracle Chairman Jeffrey Henley tells CNBC.

  • US banks brace for $1T (as in trillion) outflows Thursday, 31 Jul 2014 | 9:07 AM ET

    An outflow of deposits would reverse a five-year trend of large amounts of cash pouring into banks thanks to the Fed, the FT reports.

  • Surge in labor costs sends a strong signal on wages Thursday, 31 Jul 2014 | 8:48 AM ET
    A job seeker fills out an application during a career fair at the Southeast Community Facility Commission in San Francisco, California.

    U.S. labor costs rose more than 5-1/2 years in the second quarter, a sign that a long-awaited acceleration in wage growth was imminent.

  • US job cuts soar in July, thanks to Microsoft, HP Thursday, 31 Jul 2014 | 7:30 AM ET

    U.S. employers planned to cut nearly 50,000 positions in July, Challenger, Gray & Christmas reported Thursday, 50 percent higher than in June.

  • Opera lockout looms as contracts expire at midnight Thursday, 31 Jul 2014 | 6:46 AM ET
    Mozart's "The Marriage of Figaro" at the Metropolitan Opera House in New York in 2009.

    The Metropolitan Opera plays hardball with unions, vowing a lockout without union concessions before a midnight Thursday deadline.

  • Wisconsin Supreme Court upholds 2011 union law Thursday, 31 Jul 2014 | 5:01 AM ET

    MADISON, Wis.— The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov.

  • Dow plunges as multiple worries vex investors Thursday, 31 Jul 2014 | 4:45 AM ET

    NEW YORK— For stock investors, the red flags were everywhere on Thursday. Whole Foods Market and Exxon Mobil sparked the selling after their quarterly results late Wednesday disappointed investors. Yum Brands, the owner of KFC and Pizza Hut, slumped after it said that its earnings would be crimped by a food safety scandal in China that involved repacked meat.

  • Expect 240,000 US jobs for June: OCBC     Thursday, 31 Jul 2014 | 12:11 AM ET

    Ahead of Friday's U.S. nonfarm payrolls, Selena Ling, Head, Treasury Research & Strategy at OCBC Bank, gives her estimates for the number of jobs that the U.S. added to its economy in June.

  • Default fuels uncertainty, stock drop in Argentina Thursday, 31 Jul 2014 | 12:07 AM ET

    BUENOS AIRES, Argentina— Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into recession.

  • Argentina defaults for second time in 13 years Thursday, 31 Jul 2014 | 12:04 AM ET
    Billboard placed along a street in Buenos Aires showing a poster from the government-related movement San Martin supporting the Argentine government in its dispute with the so-called 'holdout' hedge funds

    Argentina failed to strike a deal to avert its second default in over 12 years after talks with holdout creditors ended without a settlement.

  • Former governor: Fed is right on target     Wednesday, 30 Jul 2014 | 10:17 PM ET

    With key indicators like inflation and employment on their way to meet the Fed's expectations, it may be time to normalize interest rates, says Robert Heller, Former Federal Reserve Governor.

  • No turning point for US jobs: Economist     Wednesday, 30 Jul 2014 | 6:20 PM ET

    Despite recent upbeat employment data, the U.S. labor market is still made up mainly by part-time and low wage jobs, says Lindsey Piegza, Chief Economist at Sterne Agee.

  • Why the Fed needs to be more hawkish     Wednesday, 30 Jul 2014 | 6:08 PM ET

    John Carey, Executive Vice President and Portfolio Manager at Pioneer Investments, says the U.S. is seeing a higher risk of inflation and may face wage pressure in the months ahead.

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