Global policymakers and businessmen ended Davos optimistically, citing the effects of low oil prices and aggressive monetary policy in Europe.» Read More
President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.
The first official day of Spring may still be 20 days away, but the Spring housing market is already underway. Buyer traffic is rising along with home prices, but one traditional Spring phenomenon is sorely absent: rising supply. The raw number of homes for sale is now at its lowest level in over 13 years, according to the National Association of Realtors, and the numbers continue to fall.
U.S. consumers increased spending modestly in January from December. Income plunged by the most in two decades, although the decline followed a one-time surge in December.
The pace of growth in the U.S. manufacturing sector picked up to its fastest rate in over a year and a half in February as new orders continued to accelerate, while a separate report showed U.S. construction spending fell.
U.S. consumer sentiment rose in February as Americans were more optimistic that the jobs market will improve, even as confidence in fiscal policy was near all-time lows, a new survey showed.
With the economy starting to improve, the Federal Reserve should begin to end its bond purchases, Richard Fisher, Federal Reserve Bank of Dallas President, told CNBC.
The American paycheck's not the only thing that's shrinking as big business thinks of creative ways — from smaller packages to deep price cuts — to capture the hesitant consumer's dollar amid signs of weak sales.
Consumer debt rose in the final months of 2012 for the first time in four years, a sign that Americans may be starting to reach the end of cutting back on credit, New York Federal Reserve reported Thursday.
If mandatory federal spending cuts begin to take effect Friday, small employers are likely to experience a negative ripple effect of reduced business.
The pace of business activity in the U.S. Midwest picked up modestly to reach an 11-month high in February as new orders gained, a report showed.
The U.S. economy barely grew in the fourth quarter while the number of Americans filing new claims for unemployment benefits fell more than expected last week.
A gauge of planned U.S. business spending increased by the most in just over a year in January and new orders for long-lasting manufactured goods excluding transportation rose solidly, pointing to underlying strength in factory activity.
Rough winter weather across much of the US at the start of this year apparently did not keep home buyers away. Contracts to buy existing homes in January rose to the highest reading since April 2010.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying that the bank sees little risk of higher inflation in the near term.
U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, while a separate report showed that consumer confidence picked up much more strongly than expected in February.
U.S. single-family home prices picked up in December, closing out 2012 with the biggest yearly gain in more than six years as the housing market got back on its feet.
Former Clinton Treasury Secretary Lawrence Summers argued on CNBC for a "balanced approach" because President Barack Obama has agreed to more spending cuts.
America's seniors appear to have grown more burdened by debt in recent years, and experts say a likely culprit is medical expenses.
As $85 billion in spending cuts loom, people across the country who rely on the government were trying to fathom what it would mean for them. The NYT reports.
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