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Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
After the economy posted an unexpected drop in fourth quarter GDP, CNBC's Jim Cramer called it a "shocker" but also a "one-off number."
U.S. consumer confidence dropped to its lowest level in more than a year as Americans were more pessimistic about the economic outlook and their financial prospects, according to a private sector report released on Tuesday.
The private sector created 192,000 new jobs in January, better than expectations and reflective of the slowly improving trend in the labor market.
The cast of voting members on the Fed's policy committee is changing, but Ben Bernanke will likely retain a solid majority for his drive to keep interest rates low well into the future despite critics who worry about the risks.
Applications for U.S. home mortgages tumbled last week after three consecutive weeks of gains, with refinance demand slumping as interest rates rose, an industry group said on Wednesday.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
This academic says weak conditions abroad and flagging U.S. competitiveness caused exports to contract and businesses anticipating a further slowdown slashed inventories.
With record unemployment figures, a fractious political scene, years of declining retail sales and Wednesday's depressing growth data, Spain appears to be sinking. Yet an improvement in risk appetite and falling borrowing costs continue to prop up the economy.
The new CNBC Fed Survey shows Wall Street pros want to send Washington an unambiguous message to reduce the red ink now, without more revenue increases.
CNBC Fed Survey shows Wall Street pros divided on how and when quantitative easing will end.
U.S. single-family home prices rose in November, building on a string of gains that points to a housing market that is on the mend, data from a closely watched survey showed on Tuesday.
Our survey reveals that expectations about when the Fed will end asset purchases have moved toward sooner.
Paul Donovan, deputy head of Global Economics at UBS, Andrew Slimmon, managing director at Morgan Stanley Wealth Management and Roger Nightingale, strategist at RDN Associates discuss whether investors should care about the underlying economy.
A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm destroyed or damaged hundreds of thousands of homes and businesses in coastal New York, New Jersey and Connecticut.
U.S. benchmark crude oil prices are expected to resume their march towards triple digits as stock markets respond to improved economic data in the U.S. and China, according to CNBC's latest oil market sentiment survey.
The sudden rise in interest rates to nine-month highs doesn't yet signal a turn, but that could change if Congress resolves the fiscal crisis hanging over the markets.
A gauge of planned U.S. business spending rose in December, a sign that business worries over tighter fiscal policy may not have held back investment plans as much as feared at the end of 2012.
Localities across the New York region are confronting the prospect of an even bigger blow to their finances: a precipitous decline in property tax revenues.