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US Economy

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  • Don't expect any surprises from the Fed: Pro     Tuesday, 29 Jul 2014 | 6:50 PM ET

    Steve Goldman, Managing Director of Kapstream Capital, says it's clear that the Fed's goal is to end quantitative easing in October and start raising interest rates next year.

  • Fed may revise US growth forecast: Expert     Tuesday, 29 Jul 2014 | 6:24 PM ET

    Hugh Johnson, Chairman & Chief Investment Officer at Hugh Johnson Advisors, expects the Fed to upgrade its assessment of the U.S. economy and explains what that means for interest rates.

  • American Express profit rises on more card use Tuesday, 29 Jul 2014 | 4:48 PM ET
    American Express credit cards

    American Express reported a 9 percent rise in quarterly profit as more customers used its credit cards in a recovering U.S. economy.

  • New sanctions for Russia—here's where they'll hurt Tuesday, 29 Jul 2014 | 3:36 PM ET
    Russian President Vladimir Putin on July 28, 2014 in Moscow.

    Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.

  • Fed’s easing will lead to inflation: Economist Tuesday, 29 Jul 2014 | 3:13 PM ET
    Federal Reserve Chair Janet Yellen.

    Federal Reserve's easing and lack exit from quantitative easing will end badly, economist Bob Brusca told CNBC.

  • NC Republican leaders announce budget details Tuesday, 29 Jul 2014 | 2:49 PM ET

    RALEIGH, N.C.— North Carolina House and Senate Republicans have unveiled the details of a budget that gives teachers an average 7 percent raise, preserves teacher assistant positions and makes a 1 percent cut to the Medicaid reimbursement rate for health care providers.

  • US bars Kurdish oil from entering Texas port Tuesday, 29 Jul 2014 | 2:44 PM ET

    FORT WORTH, Texas— The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a Sunni military offensive.

  • SOFIA, July 29- Bulgaria's outgoing parliament voted on Tuesday to widen the 2014 fiscal deficit target and raise 3.4 billion levs in new debt, giving the next government some of the tools needed to solve the country's banking crisis.

  • Argentina fights with debt holdouts; default nears Tuesday, 29 Jul 2014 | 2:31 PM ET

    BUENOS AIRES, Argentina— Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. The swap, however, failed to resolve Argentina's troubles. Argentina's government lined up two more swaps in 2005 and 2010, offering existing creditors new bonds worth much less than the old ones.

  • Billionaire fund manager warns of ... space rays? Tuesday, 29 Jul 2014 | 1:44 PM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Paul Singer has called the threat of a widespread blackout from an electromagnetic surge the "most significant danger" in the world.

  • Higher growth ahead?     Tuesday, 29 Jul 2014 | 1:10 PM ET

    Discussing U.S. growth forecasts, with Mike Wilson, Morgan Stanley Wealth Management, and Jim Dunigan, PNC Asset Management Group.

  • US is the new Switzerland: Insana Tuesday, 29 Jul 2014 | 12:51 PM ET

    Amid all the conflict and unrest in the world, the US is increasingly a haven for the world's money, says Ron Insana.

  • Here's some hope that the gold bulls are right Tuesday, 29 Jul 2014 | 12:11 PM ET

    If there is a time to own gold as a safe alternative to other assets during tumultuous times, there's no time like the present.

  • US puts hold on some oil exports for now: Sources Tuesday, 29 Jul 2014 | 12:04 PM ET
    Headquarters of the U.S. Department of Commerce

    The Commerce Department has put on hold several requests to sell crude abroad, stalling an industry push to export a glut of oil, sources said.

  • Fed? No, THIS will move markets this week: Pro Tuesday, 29 Jul 2014 | 11:42 AM ET
    Traders on the floor of the New York Stock Exchange.

    Though Wall Street awaits the Fed's monetary policy announcement, it's not the "biggest wildcard" this week, says Jefferies analyst David Zervos.

  • US confidence soars to highest in nearly 7 years Tuesday, 29 Jul 2014 | 11:05 AM ET
    The Apple store on the Upper West Side in New York, July 20, 2014.

    Consumers grew more confident about the economy in July, The Conference Board reported on Tuesday, as expectations built for the recovery.

  • LONDON, July 29- Gold turned lower on Tuesday as uncertainty before a Federal Reserve policy meeting and key U.S. data later this week pulled the metal back from a one-week high hit on the back of violence in the Middle East and Ukraine. Gold is highly sensitive to any changes in U.S. monetary policy.

  • Greece moves debt talks to France Tuesday, 29 Jul 2014 | 8:59 AM ET

    ATHENS, Greece— Greece's next meetings with international debt inspectors will take place in Paris instead of Athens, the government said Tuesday, calling the move a sign that the country is no longer under "intense pressure" to make austerity measures.

  • Pittsburgh, UPMC drop suits over nonprofit status Tuesday, 29 Jul 2014 | 8:49 AM ET

    PITTSBURGH— The city of Pittsburgh and the University of Pittsburgh Medical Center have dropped opposing lawsuits over the hospital network's nonprofit status.

  • 35% of Americans face debt collectors: Study Tuesday, 29 Jul 2014 | 8:21 AM ET

    Delinquent debt is overwhelmingly concentrated in Southern and Western states with residents of Texas cities among the most reported.

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