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Economy

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  • Trade Gap Plunges; Growth Better Than Estimates? Friday, 8 Feb 2013 | 9:44 AM ET

    The U.S. trade deficit shrank in December to its narrowest in nearly three years, suggesting the economy did much better in the fourth quarter than initially estimated.

  • Long Term Unemployment May Not Be the New Normal Friday, 8 Feb 2013 | 8:22 AM ET

    Some economists say there are signs it could ease in the next few years as the economy improves, raising hopes for the millions of Americans who have spent months or even years looking for work.

  • At street level, the pain from the expiration of a break in Social Security taxes in 2011 and 2012 is evident.

  • Eastwood: If DC Doesn't 'Give a Damn,' How Can We? Friday, 8 Feb 2013 | 7:26 AM ET
    Clint Eastwood RNC Speech

    "It's almost like they don't give a damn," Hollywood legend and Republican supporter Clint Eastwood told CNBC, referring to the gridlock in Washington.

  • The Revival of Subprime: Will This End Badly? Friday, 8 Feb 2013 | 6:28 AM ET

    The subprime market for risky mortgage-backed securities is hot again and the chief market strategist at Rosenblatt Securities said, it will end badly.

  • Americans Brace for the Pain of Austerity Thursday, 7 Feb 2013 | 9:44 PM ET

    From long delays at the nation's airports to huge potential layoffs of government workers, Americans may soon feel the pinch of austerity. The Financial Times reports.

  • Obama Looks for 'Big Deal' on Spending Cuts and Taxes Thursday, 7 Feb 2013 | 2:07 PM ET
    President Barack Obama

    President Barack Obama told fellow Democrats on Thursday he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end the fiscal uncertainty over the deficit.

  • Retail Sales Beat Forecast Despite Payroll Tax Dent Thursday, 7 Feb 2013 | 10:12 AM ET

    Many top U.S. retailers reported strong January sales after offering compelling merchandise that drew in shoppers facing a hit to their take-home pay from higher payroll taxes.

  • Europe's Economy Still Weak: ECB's Draghi Thursday, 7 Feb 2013 | 9:09 AM ET

    Economic activity in the euro area will remain weak in early 2013 before gradually recovering later in the year, European Central Bank (ECB) President Mario Draghi said on Thursday.

  • The Fed has the appropriate policies in place right now and will remain accommodative until the economy improves, Chicago Fed President Charles Evans told CNBC.

  • Productivity Falls While New Claims Edge Down Thursday, 7 Feb 2013 | 8:37 AM ET

    Nonfarm productivity fell in the fourth quarter by the most in nearly two years as output increased marginally while weekly unemployment aid applications fall to 366,000, indicating steady but modest hiring.

  • Sequester Is 'Terrible, Terrible' Legislation: Rubin Thursday, 7 Feb 2013 | 8:10 AM ET
    Robert  Rubin

    The automatic across-the-board spending cut measure set to take effect next month is "terrible, terrible" piece of legislation, Robert Rubin, former Clinton Treasury Secretary, told CNBC.

  • What Big Mac Prices Say About Europe's Economy Thursday, 7 Feb 2013 | 4:14 AM ET

    Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing where Europe's economic reforms are working - and where they are not.

  • India in a 'Horror Show' as Growth Slumps Thursday, 7 Feb 2013 | 3:29 AM ET

    India's growth estimates for the current fiscal year came as a shock to many who were hoping for a turnaround in Asia's third largest economy, with one expert calling the likely 5 percent annual expansion a "horror show".

  • Even Brief Spending Cuts Could Hit US Economy Hard Thursday, 7 Feb 2013 | 1:20 AM ET

    The U.S. economy could take a big hit from automatic government spending cuts even if Congress only leaves them in place for a month or two.

  • Back-Loaded Debt Cut Plan Won't Fly: Biz Leaders Wednesday, 6 Feb 2013 | 12:41 PM ET

    A deficit reduction package to preserve short term economic growth by delaying the most aggressive measures would a no-go for the markets, the private sector and politicians, business leaders told CNBC on Wednesday.

  • Long-Term Unemployment Now a Thing of the Past? Wednesday, 6 Feb 2013 | 9:23 AM ET

    Long-term unemployed in the U.S are having an easier time finding jobs — and the problem of long-term joblessness may disappear in the months ahead.

  • Expect Long-Term Damage in Spain: JPMorgan Wednesday, 6 Feb 2013 | 2:43 AM ET
    Prime Minister of Spain, Mariano Rajoy.

    The current scandal surrounding Spanish Prime Minister Mariano Rajoy will not disappear any time soon and investors should expect ongoing volatility, according to the European research team at one of the world's largest banks.

  • Gallows Humor at S&P as Economy Imploded Wednesday, 6 Feb 2013 | 1:19 AM ET

    As the housing market imploded, the gallows humor at S&P intensified. The New York Times reports.

  • Housing Already Shows Signs of a New Bubble Tuesday, 5 Feb 2013 | 10:29 AM ET

    U.S. home prices are suddenly soaring again and raising some serious red flags.

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