U.S. President Barack Obama will offer cuts to Social Security and other entitlement programs in a budget proposal aimed at swaying Republicans to compromise on a deficit-reduction deal, a senior administration official said.
As it intensifies its push into groceries and perishable foods, Wal-Mart Stores is betting it can take on these labor-intensive categories by adding efficiency, not bodies.
As investors wait for the latest U.S. jobs data to assess the recovery in the world's largest economy, Dennis Gartman told CNBC the numbers don't matter.
The prospects for U.S. economic growth are "still too little" and "too uncertain," House Majority Leader Eric Cantor told CNBC. American can't just sit back on its laurels, he added.
The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year.
The nation's largest retailer and grocer has cut so many employees that it no longer has enough workers to stock its shelves properly, according to critics, the New York Times reports.
Mirroring the broader economy, small-business owners' plans to hire are taking a "dive" as owners see little reason for new job creation. You call this a recovery?
The number of Americans filing new claims for unemployment benefits rose to its highest level in four months, suggesting the labor market recovery lost some steam.
Atlanta Fed President Dennis Lockhart told CNBC more solid economic data coupled with a "substantial improvement" in jobs are needed before the central bank would consider tightening policy.
The Bank of Japan unveiled sweeping changes to its monetary policy, making clear that it will do all it can to achieve a 2 percent inflation target. But is that enough?
Applications for U.S. home mortgages fell last week, as a decline in refinancing activity offset higher demand for purchase loans, an industry group said on Wednesday.
One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke.
The rate of consumer price inflation in the 17 countries using the euro fell to an annual rate of 1.7 percent in March. It could provide a rationale for an interest rate cut when central bankers meet on Thursday.