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Economy

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  • China's Shaky Start to the Year of the Snake Friday, 1 Feb 2013 | 1:11 AM ET

    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 Five Highest Tax States for the Highest Earners Thursday, 31 Jan 2013 | 4:13 PM ET
    New Jersey Gov. Chris Christie struggles to balance his budget despite taxing his wealthiest citizens at one of the highest rates in the nation

    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?

  • Farr: Are We Headed for Another Recession? Thursday, 31 Jan 2013 | 1:15 PM ET

    Latest GDP figures should neither be cause for alarm nor cause for celebration says this pro.

  • How Rising Taxes Drove Incomes Higher in December Thursday, 31 Jan 2013 | 11:03 AM ET

    The end of the Bush era tax cut on dividends pushed companies to send shareholders more cash before the New Year.

  • Jobless Claims Go Higher; Income, Spending Both Up Thursday, 31 Jan 2013 | 9:55 AM ET
    An applicant stands after meeting potential employers at a job fair in New York.

    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.

  • US Midwest Business Index Picks Up From 3-Year Low Thursday, 31 Jan 2013 | 9:45 AM ET

    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.

  • 'Rich Tax' Puts California on Risky Path: Expert Wednesday, 30 Jan 2013 | 12:19 PM ET
    Jerry Brown, Governor of California

    Relying on the wealthiest taxpayers can turn into budget turmoil when the market slides, according to analysts.

  • Why This Is 'Best-Looking' GDP Drop You'll Ever See Wednesday, 30 Jan 2013 | 10:07 AM ET

    Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.

  • GDP Contracts, Jobs Outlook Sours: Morici Wednesday, 30 Jan 2013 | 9:56 AM ET
    Auto parts production workers work on a production lines making both metal and plastic bumpers.

    This academic says weak conditions abroad and flagging U.S. competitiveness caused exports to contract and businesses anticipating a further slowdown slashed inventories.

  • Cramer: GDP Decline Is a 'One-Off Number' Wednesday, 30 Jan 2013 | 9:47 AM ET

    After the economy posted an unexpected drop in fourth quarter GDP, CNBC's Jim Cramer called it a "shocker" but also a "one-off number."

  • New Hawks and Doves at Fed Likely Won't Alter Policy Wednesday, 30 Jan 2013 | 9:01 AM ET

    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.

  • Private Sector Adds More Jobs; Services Lead Way Wednesday, 30 Jan 2013 | 8:53 AM ET

    The private sector created 192,000 new jobs in January, better than expectations and reflective of the slowly improving trend in the labor market.

  • GDP Shows Surprise Drop for US in Fourth Quarter Wednesday, 30 Jan 2013 | 8:11 AM ET

    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.

  • US Mortgage Applications Fall as Refi Demand Drops Wednesday, 30 Jan 2013 | 7:55 AM ET

    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.

  • Investors Throw Spain a Lifeline as Economy Shrinks Wednesday, 30 Jan 2013 | 6:44 AM ET

    With record unemployment figures, a fractious political scene, years of declining retail sales and Wednesday's depressing growth data, Spain appears to be sinking. Yet an improvement in risk appetite and falling borrowing costs continue to prop up the economy.

  • Monetary Policy May Be Already Tightening Tuesday, 29 Jan 2013 | 1:04 PM ET
    Ben Bernanke

    Our survey reveals that expectations about when the Fed will end asset purchases have moved toward sooner.

  • Consumer Confidence Tumbles on Financial Fears Tuesday, 29 Jan 2013 | 10:01 AM ET
    Customer shops at a Kroger supermarket in Peoria, Ill.

    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.

  • Housing Prices Climb; Market 'Clearly Recovering' Tuesday, 29 Jan 2013 | 9:58 AM ET

    U.S. single-family home prices rose in November, building on a string of gains that points to a housing market that is on the mend, data from a closely watched survey showed on Tuesday.

  • No Wall Street Consensus on When & How QE Ends Tuesday, 29 Jan 2013 | 8:30 AM ET

    CNBC Fed Survey shows Wall Street pros divided on how and when quantitative easing will end.

  • Wall Street to Washington: Cut Deficit & Spending Now Tuesday, 29 Jan 2013 | 7:30 AM ET

    The new CNBC Fed Survey shows Wall Street pros want to send Washington an unambiguous message to reduce the red ink now, without more revenue increases.

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