CNBC Rapid Update, which tracks forecasts from economists, fell 0.4 percent to 1.4 percent after weaker consumer spending in February.» Read More
After a week of negotiations, The Federal Mediation and Conciliation Service announced that an agreement has been reached between the International Longshoremen's Association and the U.S. Maritime Alliance.
Business managers have blamed uncertainties over the looming "fiscal cliff" for their lack of new hiring. We may be about to find out just how justified those fears are.
New U.S. single-family home sales accelerated in November to the fastest pace in 2 1/2 years and median sales price jumped, but economic optimism was tempered by a report showing falling consumer confidence.
The number of Americans filing new claims for unemployment aid fell last week to nearly its lowest level in 4 1/2 years, a sign that the labor market is healing.
Roger Nightingale, Economist at RDN Associates argues the "fiscal cliff" doesn't matter and the U.S. economy will head into recession, irrespective of what Congress and the White House do.
The International Longshoremen's Association and the U.S. Maritime Alliance will go back to the negotiation table to try to avert a longshoreman's strike that would close 15 ports from Massachusetts to Texas.
Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.
Starbucks will use its ubiquitous coffee cups to tell U.S. lawmakers to come up with a deal to avoid going over the "fiscal cliff'' and triggering automatic tax hikes and spending cuts.
Despite some reports suggesting holiday sales will be the worst since 2008, Matthew Shay, president of the National Retail Federation, told CNBC he's still predicting a 4.1 percent increase.
Pimco CEO Mohamed A. El-Erian has been named chairman of President Barack Obama's Global Development Council, which was created to help boost global development.
Home prices rose in October, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013.
Why is it so hard for Republicans and Democrats to compromise on urgent matters of taxes and spending? What will happen if they fail to meet their Jan. 1 deadline? Here's a look.
The U.S. government is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by Fannie Mae and Freddie Mac, the Wall Street Journal reported.
Congress waited for President Barack Obama to return from Hawaii and make one final attempt to avoid the "fiscal cliff."
U.S. holiday retail sales this year were the weakest since 2008, when the nation was in a deep recession.
It's hard to see how lawmakers can avoid touching health insurance if they want to eliminate loopholes and curtail deductions so as to raise revenue and lower tax rates.
The Bank of England that Mark Carney will inherit in July is uncertain of its next steps, and the U.K.'s economic outlook does not appear to be getting any better.
As President Obama approaches his second term, he'll have to confront tough and shifting challenges that will play big roles in shaping the rest of his presidency and his place in history.
Experts say there are ways to fix Social Security. Politicians just may not like trying to sell those changes to the American people. NBCNews reports.