U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years.» Read More
For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.
Richmond Federal Reserve President Jeffrey Lacker, the only Fed member to oppose the new numerical targets for unemployment and inflation, told CNBC Monday that it will take three more years before the US jobless rate falls to the targeted 6.5 percent.
Manufacturing in New York state declined for a fifth straight month in December as new orders shrank and the labor market remained weak, a report showed on Monday.
The U.S. economy will stay on a moderate growth path in 2012 amid weak consumer spending and business investment, a new survey published on Monday said.
While only time will tell whether Japan's incoming Prime Minister Shinzo Abe wins the war against deflation, one thing is clear. The central bank will be pushed to be far more aggressive than it has ever been.
The obscure islets at the center of bitter spats between China and its neighbors have become a flashpoint that could get hotter and embroil America.
Millions of Americans will get hit by big tax increases a lot sooner than many realize if Congress and the White House don't agree on a plan to skirt the year-end fiscal cliff - in fact, they already have.
Nike recently said it would consider investing in growth outside the state unless there were guarantees that the company's tax status would not change in the near future.
Manufacturing grew at its swiftest pace in eight months in December, buoyed by increases in domestic and overseas demand.
The White House and many congressional Republicans are now looking at a modest deal that would extend current tax rates for most Americans and leave vexing issues for the new year.
President Obama says he won't go after Washington state and Colorado for legalizing marijuana.
U.S. consumer prices fell in November for the first time in six months, pointing to muted inflation pressures that should allow the Federal Reserve to stay on its monetary policy path.
Dallas Fed President Richard Fisher has said he is worried the Fed is in a "Hotel California" type of monetary policy because of its "engorged balance sheet."
During a visit to the Bank of England on Thursday, the Queen was overheard asking whether a "lax" attitude to financial regulation had contributed to the financial crisis.
Faced with the risk of a hard landing earlier this year, China's economy is now in the midst of a robust rebound, prompting economists to make bullish forecasts for growth in the new year.
A single apartment complex where 30 of 72 apartments are registered to offshore companies is expected to pay more than $4 million in taxes.
In the absence of immediate or even early indications of an upwelling of inflation, the Fed is clearly determined to focus maximum effort on the other leg of its "dual mandate," i.e. fostering full employment.
CNBC contributor Michael Yoshikami suggests investors should carefully reconsider holding long dated bonds.
U.S. businesses added to their stockpiles in October while sales fell, a sign that companies may order fewer goods ahead.
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