Friday, 6 Nov 2009 | Posted By:
Joseph Pisani | Source: CNBC.com
A new report, released by employment Web site CareerBuilder.com, ranked the top metro areas with the most job postings on the site between January and October 2009.
The U.S. unemployment rate blasted past the psychologically important 10-percent mark Friday as nonfarm payrolls fell by 190,000 last month. It's the first time the unemployment rate -- now at 10.2 percent -- was in double digits since June 1983.
The U.S. Senate vote unanimously to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.
Wednesday, 4 Nov 2009 | Source: CNBC staff and wire reports
The Federal Reserve expressed growing confidence that an economic recovery was building, even though it will keep borrowing costs near zero for "an extended period."
The Federal Reserve Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.
The Federal Reserve ought to signal that it's ready to back off the strong monetary easing policies it put into place during the financial crisis, Kevin Ferry of Cronus Futures Management told CNBC.
White House economic adviser Paul Volcker said his meeting on Monday with President Barack Obama focused in part on reducing U.S. economic reliance on consumer spending.
The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates.
Consumer spending fell in September for the first time in five months as the boost from a government auto incentive faded, adding to fears that consumers may be pulling back.
Defaults by small and medium-sized U.S. businesses on the loans, leases and lines of credit they use to finance capital equipment investment rose in September as lenders remained reluctant to extend fresh financing, PayNet Inc reported on Friday.
U.S. third quarter growth data was very encouraging and showed the economy has stabilized but still faces difficulties, Treasury Secretary Timothy Geithner said on Thursday.
The best way for the Federal Reserve to smoothly exit from its current stance on monetary policy is to make it more a process than an event, says bond expert Tony Crescenzi.... Read More
Maria Bartiromo will be hosting a special edition of Closing Bell today live from the CME Global Financial Leadership Conference in Naples, Florida and will get rare and exclusive access to Paul Volcker, Former Chairman of the Federal Reserve... Read More