U.S. housing starts rose less than expected in May; meanwhile, consumer prices rose in May and underlying price pressures showed signs of stabilizing after a long decline.» Read More
The NCAA basketball tournament has a reputation for sucking the productivity out of offices everywhere. But a new report calls the conventional wisdom into question.
European leaders meeting in Brussels on Thursday hinted that some countries could be given more time to meet their deficit goals as they address high unemployment and seek to ease the pain of tough austerity measures.
The number of Americans filing new claims for unemployment benefits fell last week, while producer prices rose by the most in 5 months as gas prices spiked.
Despite economic headwinds and uncertainty in Washington, US consumers are rocketing ahead, leading analysts to revisit their GDP forecasts for the first quarter.
More U.S. homeowners were hit with new foreclosure filings in February, pointing to the challenges the market still faces even as the housing recovery gains traction, RealtyTrac reported Thursday.
Germany has ignored calls from its euro zone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth. The Financial Times reports.
Democrats made a mistake by not going over the "fiscal cliff" because a "grand bargain" would have been easier to achieve, House Minority Whip Steny Hoyer told CNBC.
Retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline.
U.S. business inventories rose by the most in more than 1-1/2 years in January as sales fell, suggesting restocking of warehouses will boost economic growth this quarter.
President Obama is warning that it may be impossible to reach a deal with Republicans on trimming the budget deficit.
The retail sales report to be released Wednesday morning will help show how much higher payroll taxes and rising gas prices are hurting American pocketbooks.
Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.
Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.
Rep. Paul Ryan insists that his plan to balance the budget by, in part, defunding Obamacare is the right thing to do.
Mortgage rates spiked last week, sapping demand for home loans on the heels of a sharp rebound in applications the previous week, data from an industry group showed on Wednesday.
Rep. Paul Ryan called his third budget an "invitation" to President Barack Obama and Senate Democrats to begin bargaining toward a deal to balance the budget.
The stock market rally and economic recovery are missing a typical key element - a house call from Dr. Copper.
The Federal Reserve's eventual hand-off from assisted economic growth to "genuine growth" will be key to the future direction of the stock market, Mohamed El-Erian, Pimco CEO and co-CIO, told CNBC.
Although the spending plans will be miles apart ideologically, there are signs a compromise is possible, the New York Times reports.
Confidence among small businesses rose in February as owners shrugged off a tightening in fiscal policy and raised plans to increase capital spending and restock their warehouses.