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
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.
With the exception of Wall Street's biggest banks, the financial sector appears to be getting ready to add workers to payrolls.
Orders for long-lasting U.S. manufactured goods unexpectedly plunged in December, which could cast a shadow on the economic outlook.
The Commerce Department said new orders fell 4.3 percent in December, a huge disappointment (economists expected orders to rise 1.5 percent).
Despite signs that the U.S. economy is gaining traction, Stephen Roach, ex-chairman of Morgan Stanley, says the recovery appears to be a "false dawn."
CNBC's Fed Survey predicts the Fed will taper its asset buying with a $10 billion reduction at each of its meetings this year.
Billionaire hedge fund manager Paul Singer feels for the poor but thinks increasing minimum wages is a terrible idea.
Consumers grew more optimistic about both business conditions and the job market, a new report showed.
In a new survey of business economists, 70 percent said the Fed's taper policy will not hurt corporate profits or capital spending.
On Tuesday for his State of the Union speech, Obama will have a message for the Congress that has stymied his agenda for the past three years.
For Obama, Tuesday's State of the Union speech will likely be more of an opportunity to press the reset button than a feel-good moment. NBC News reports.
Despite the decrease, lean inventories and steady price gains suggested sufficient strength in the housing market to support the economy.
The "sun, the moon and the stars" have started to align for the U.S. economy, creating room for companies to grow, JPMorgan CEO Jamie Dimon told CNBC.
The strength of the economic recovery is showing up in some less widely followed data points, like shipments of corrugated boxes.
U.S. manufacturing growth slowed in January for the first time in three months, hobbled by new orders, an industry report showed on Thursday.
The U.S. economy is in a "rut" and has been in stagnation since 1972, a Nobel prize-winning economist told CNBC.
The number of Americans filing new claims for unemployment rose marginally, with the trend suggesting the labor market continued to improve.
Resales rose slightly after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market.
These countries could be the world's next economic powerhouses, said the economist who coined the term BRIC.
Michigan Gov. Rick Snyder will support an aid package to protect the pensions of Detroit retirees, mediators say.
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