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. economy is on a 3 percent growth trajectory, but it's been "getting masked" by the wicked weather, Moody's Analytics Chief Economist Mark Zandi told CNBC.
Private companies created 175,000 new positions in January, lower than in expected but keeping with the pace of job creation over the past two years.
The U.S. services sector rebounded in January, with firms added workers at the fastest clip in more than three years.
Friday's debt ceiling resumption will not affect the "Aaa" credit rating of U.S. government debt, Moody's Investors Service said on Wednesday.
New orders for U.S. factory goods fell in December, but rose with the volatile transportation sector excluded from the data.
U.S. small businesses boosted borrowing in December, signaling that economic growth may continue apace in the early part of this year.
The "extraordinary measures" the Treasury uses to avoid the debt ceiling won't last as long as in previous debt ceiling crises, Jack Lew said.
The growth prospects for the US economy are better than the data show, says Harvard economist Martin Feldstein. Here's why.
U.S. manufacturing grew at a substantially slower pace in January as new orders plunged by the most in 33 years.
U.S. manufacturing grew less briskly in January after hitting an 11-month high the prior month as output slowed.
President Barack Obama met with the business executives to address how to get long-term unemployed Americans back to work. Experience may not help.
Though most American households are in a spending mood, consumers at the bottom end of the ladder are waiting to shop.
A closely-watched barometer of business conditions dipped in January, showing employment conditions declining as prices rose.
U.S. consumer sentiment dipped slightly in January, with recent economic improvement not translating to expectations for future gains, a survey released on Friday showed.
U.S. consumer spending rose more than expected in December, but weak income growth suggested the economy could cool off a bit.
As the economy shrugged off the effects of the government shutdown, economists said President Obama faced an uphill battle to burnish his legacy. The NYT reports.
The number of new claims for unemployment rose more than expected last week, as fourth quarter growth also fell short of expectations.
Signed contracts to buy existing homes dropped 8.7 percent in December as abnormally cold weather hit much of the US, according to a new report.
Applications for U.S. home mortgages edged slightly lower in the latest week, an industry group said on Wednesday.
This argument that the rich keep getting richer while the majority have hit a brick wall is full of holes, says Troy University's Daniel Smith.
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