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
Some economists say there are signs it could ease in the next few years as the economy improves, raising hopes for the millions of Americans who have spent months or even years looking for work.
President Barack Obama told fellow Democrats on Thursday he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end the fiscal uncertainty over the deficit.
European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.
From long delays at the nation's airports to huge potential layoffs of government workers, Americans may soon feel the pinch of austerity. The Financial Times reports.
The subprime market for risky mortgage-backed securities is hot again and the chief market strategist at Rosenblatt Securities said, it will end badly.
Nonfarm productivity fell in the fourth quarter by the most in nearly two years as output increased marginally while weekly unemployment aid applications fall to 366,000, indicating steady but modest hiring.
The U.S. economy could take a big hit from automatic government spending cuts even if Congress only leaves them in place for a month or two.
The Fed has the appropriate policies in place right now and will remain accommodative until the economy improves, Chicago Fed President Charles Evans told CNBC.
The automatic across-the-board spending cut measure set to take effect next month is "terrible, terrible" piece of legislation, Robert Rubin, former Clinton Treasury Secretary, told CNBC.
Many top U.S. retailers reported strong January sales after offering compelling merchandise that drew in shoppers facing a hit to their take-home pay from higher payroll taxes.
Long-term unemployed in the U.S are having an easier time finding jobs — and the problem of long-term joblessness may disappear in the months ahead.
Economic activity in the euro area will remain weak in early 2013 before gradually recovering later in the year, European Central Bank (ECB) President Mario Draghi said on Thursday.
Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing where Europe's economic reforms are working - and where they are not.
India's growth estimates for the current fiscal year came as a shock to many who were hoping for a turnaround in Asia's third largest economy, with one expert calling the likely 5 percent annual expansion a "horror show".
As the housing market imploded, the gallows humor at S&P intensified. The New York Times reports.
A deficit reduction package to preserve short term economic growth by delaying the most aggressive measures would a no-go for the markets, the private sector and politicians, business leaders told CNBC on Wednesday.
The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring, while income surged much higher than expected and spending inched higher as well.
The current scandal surrounding Spanish Prime Minister Mariano Rajoy will not disappear any time soon and investors should expect ongoing volatility, according to the European research team at one of the world's largest banks.
U.S. home prices are suddenly soaring again and raising some serious red flags.
U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans. The Commerce Department said factory orders rose 1.8 percent compared to November, when orders had fallen 0.3 percent.