U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years.» Read More
This is a tough job market for recent college graduates, and even tech-savvy millennials aren't exhibiting the soft skills that will change that.
Economists polled by CNBC have reversed earlier projections for positive GDP growth and now forecast that the economy contracted in the first quarter.
Sarah Bloom Raskin, the new deputy U.S. Treasury secretary, explains why addressing student loan debt is at the top of her agenda.
The richest 1 percent have got significantly wealthier in most countries over the past three decades.
The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, as did spending and income.
Manufacturing growth accelerated for a 3rd month in April, boosted by a pickup in employment. Separately, construction spending rose.
The number of American companies planning job cuts rose in April.
This is the real reason the US is losing leverage with Russia—and the world, says former US Congressman Robert Dold.
Community bank earnings have rebounded since the financial crisis, and that's a good sign for the economy, the Fed chair says.
The Fed's decision had been widely expected, even with the weak economic growth data from earlier Wednesday.
The U.S. economy barely grew in the first quarter as exports tumbled and businesses accumulated stocks at the slowest pace in nearly a year, but activity already appears to be bouncing back.
The GDP report that economic growth virtually stalled in the first quarter could set the Fed up to sound more dovish later Wednesday.
The Obama administration is focused on finding ways to curb tax-motivated reincorporations to other countries by U.S. businesses.
The pace of business activity in the U.S. Midwest rose more than expected in April, jumping to its highest since October 2013, a report showed on Wednesday.
A closely-watched employment indicator reported on Wednesday that the economy created 220,000 private sector jobs in April.
China is set to overtake the U.S. as the world's number one economy, while India has jumped into third place ahead of Japan, according to a new study.
U.S. economic growth likely braked sharply in the first quarter due partly to disruptive winter, but activity already appears to be bouncing back.
The Fed's move to end its asset purchasing program will cause a "collapse in asset prices and a severe recession," according to Michael Pento.
With first-time buyers priced out of homes and facing tougher credit standards, homeownership had nowhere to go but down.
"This is something going really wrong, really fast," said Stephen Schwarzman, chairman and CEO of $272 billion Blackstone Group.
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