Economists shaved growth expectations for the second quarter after the June durable goods report revealed weak shipments and dampened hopes for business spending.» Read More
The U.S. House of Representatives passed a $10.9 billion extension of U.S. transportation funding through May 2015, to avert cutbacks in August.
The Federal Reserve's policy-setting panel is 'likely' to start raising rates in early 2015, if not sooner, a top Fed official said on Wednesday.
Stan Druckenmiller believes the Federal Reserve is putting the economy at risk by continue its aggressive market intervention.
Businesses often cite a skills gap for not filling jobs. But a new survey says it's the long hiring process itself that keeps many jobs open.
U.S. producer prices rose more than expected in June with gains across most categories, indicating some inflation.
U.S. industrial production rose modestly in June, its fourth gain in five months.
Mortgage rates are barely moving, but demand among mortgage-dependent home buyers is weakening, data show.
Yellen said there were signs of a production and spending rebound in the second quarter, but 'this bears close watching.'
Inflation concerns about rising wages as the economy continues to recover are unfounded, Pimco's Paul McCulley tells CNBC ahead of Janet Yellen's Senate testimony.
U.S. import prices rose less than expected in June as a drop in food costs offset an increase in petroleum, suggesting inflation pressures remained benign.
The Commerce Department said on Tuesday inventories increased 0.5 percent after rising 0.6 percent in April.
But details of the Commerce Department report suggest the economy was on a solid footing at the end of the second quarter.
There is a movement to reauthorize Ex-Im Bank, an agency that supports small and midsize exporters with insurance and credit guarantees.
Federal Reserve Chair Janet Yellen will have some good news to tell Congress this week about the health of the labor market.
If recent speeches from prominent Federal Reserve officials are any indication, the U.S. central bank is feeling pretty emboldened.
Yellen, facing questions on the economy and rate hike, will be pressured to acknowledge an uptick in inflation and improvement in the labor market.
Although economist have trimmed their estimates for second-quarter GDP, they don't believe the economy will hit a recession this year or next.
A lot of traders are saying that Fed policy will lead to a disastrous outcome for the economy and markets. Here’s why they’re wrong, says Ron Insana.
The old adage, "As goes GM, so goes the nation," can apply to Wells Fargo, which released earnings Friday, Raymond James analyst Anthony Polini tells CNBC.
A crucial referendum looms in Detroit, as a clutch of creditors decide whether to approve a plan that would cut the cash-strapped city's debt.
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