Economists expected nonfarm payroll growth to hit 233,000 in July, down from 288,000 in June, and unemployment to fall to 6.0 percent from 6.1 percent.» Read More
Germany signaled on Wednesday it was ready to back plans for the European Central Bank to be made the chief supervisor of banks, raising the prospect of a breakthrough on the European Union's most ambitious financial reform.
The U.S. economy could grow at a 4 percent rate and monthly jobs creation could get above 200,000 if Washington politicians can "grasp a rational fiscal policy" and avoid the "fiscal cliff," JPMorgan CEO Jamie Dimon said.
A "fiscal cliff" deal lies in going back to time-tested spending-to-tax ratios, Blackstone CEO Steve Schwarzman told CNBC.
U.S. import prices recorded the biggest drop in five months in November as food and fuel costs tumbled, keeping inflation pressures subdued.
Markets expect the Fed to continue buying Treasurys, but the course for rates is more likely to be determined by the "fiscal cliff" talks.
The anarchic comedian and blogger who leads one of Italy's most rapidly-growing parties said Prime Minister Mario Monti is a mere "bankruptcy curator" who "needs to disappear."
The German government has warned Silvio Berlusconi not to target Berlin in the run-up to elections early next year after the former Italian prime minister attacked the "German-centric" economic policies of his successor Mario Monti.
House Speaker John Boehner's office said Republicans have made a counteroffer in "fiscal cliff" talks with the White House.
Michigan became the 24th right-to-work state on Tuesday, and others may follow in order to remain economically competitive with their neighbors.
Small business owners grew more pessimistic in November after the election and super storm Sandy.
U.S. wholesale inventories rose more than expected in October as sales fell for the first time in three months, according to a government report on Tuesday.
The U.S. trade deficit widened in October as exports suffered the biggest drop in nearly four years.
A crucial part to the "fiscal cliff" talks: Will lawmakers extend unemployment benefits?
Greece's bond buyback scheme failed to meet its target by a relatively narrow margin on Tuesday but still left international lenders with a 450-million euro hole in their plan to cut the country's huge debts to a more manageable level.
CNBC Fed Survey reveals Wall Street is increasingly worried Washington will push the U.S. economy into recession.
When he won the race to become Italy's center-left candidate, Pier Luigi Bersani said his Democratic Party would have to win by telling "the truth, not fairy tales".
"Raising taxes is always bad for the economy," Americans For Tax Reform President Grover Norquist told CNBC.
The impending U.S. "fiscal cliff" that is causing uncertainty in global markets should not result in rushed reforms in the country's tax code, causing potential harm to the economic recovery, said Steve Forbes, chairman and editor-in-chief at Forbes Media.
Growth in the U.S. is set to easily outpace the euro zone but the U.S. "fiscal cliff" is concerning strategists to such an extent that Europe, despite its on-going economic woes, looks like a better investment strategy.
The U.S. Treasury is selling its remaining stake in insurer American International Group, bringing an end to government ownership of the company about four years after a $182 billion bailout.
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