U.S. consumer sentiment unexpectedly improved in January as Americans felt Washington's deal to avert the "fiscal cliff" at the beginning of the year boded well for the economy, a new survey showed.
U.S. consumer sentiment unexpectedly improved in January as Americans felt Washington's deal to avert the "fiscal cliff" at the beginning of the year boded well for the economy, a new survey showed.
Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?
A new study found that Americans support increases in payroll taxes and taxing higher incomes for Social Security, but want minimum benefits and cost-of-living adjustments to be increased too.
Deutsche Bank's Joe Lavorgnia anticipates broad "collateral financial damage" once interest rates eventually edge higher. And Art Hogan of Lazard Capital Markets sees the Fed trimming back on quantitative easing in 2013. Both appeared on CNBC's "Squawk on the Street" on Friday.
The pullback in activity in China's key manufacturing sector highlights the fragility of the recovery in the world's second largest economy, experts told CNBC, following the release of the official manufacturing PMI.
The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring, while income surged much higher than expected and spending inched higher as well.
The pace of business activity in the U.S. Midwest picked up from a more than three-year low the month before as new orders jumped, a report showed on Thursday.
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The cast of voting members on the Fed's policy committee is changing, but Ben Bernanke will likely retain a solid majority for his drive to keep interest rates low well into the future despite critics who worry about the risks.
Applications for U.S. home mortgages tumbled last week after three consecutive weeks of gains, with refinance demand slumping as interest rates rose, an industry group said on Wednesday.
U.S. consumer confidence dropped to its lowest level in more than a year as Americans were more pessimistic about the economic outlook and their financial prospects, according to a private sector report released on Tuesday.
This academic says weak conditions abroad and flagging U.S. competitiveness caused exports to contract and businesses anticipating a further slowdown slashed inventories.