Now that unemployment has topped 10 percent, some liberal-leaning economists see confirmation of their warnings that the $787 billion stimulus package President Obama signed into law last February was way too small. The economy needs a second big infusion, they say.
Black Friday deals may not be as good as they once were as they day evolves into more of a marketing event, but that doesn't stop some shoppers from venturing out.
The recession has taught retailers and consumers new lessons about the art of a deal. In the process, Black Friday, the traditional first day of the holiday shopping season, has lost some of its luster.
Although consumers are mired in the deepest recession in decades, there are plenty of reasons to believe that this holiday season will not be as bad for retailers as last year.
US reliance on a growing Chinese economy to continue to spur growth of the American economy could be an ill-fated notion, Bill Gross, Pimco's founder and CEO, told CNBC.
The Obama administration is promising to change the way it counts the number of jobs saved or created by the economic stimulus program, after the Government Accounting Office revealed measurement flaws in the current system.
Thursday, 19 Nov 2009 | Source: The New York Times
After a brutal year in which the nation’s luxury retailers were forced to offer their wares at stunning discounts, they are trying to get their magic back. And they may have found a way: deliberately running low on merchandise. The New York Times reports.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
While gift cards remain the most requested holiday item, U.S. shoppers are expected to pull back on buying them this year because of the weak economy, according to a retail survey released on Thursday.
As part of the ongoing reconfiguring and reregulating of the American financial system, the House Financial Services Committee today will take up an amendment that seeks to audit Federal Reserve monetary policy... Read More
Posted By:William Dunkelberg, Chairman, Liberty Bell Bank CNBC Guest Blog
At a Treasury conference on jobs, Secretary Geithner railed against banks for not making enough loans, thus (his conclusion) hindering job growth, writes William Dunkelberg, Economics Professor at Temple University.... Read More