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
Signed contracts to buy existing homes surged 6.1 percent in May, the biggest monthly gain since April, 2010.
The U.S. can consign its weather-beaten start to history this week with June vehicle sales and jobs data expected to show a strong second quarter.
States are getting companies to move manufacturing back to the USA as labor costs overseas rise. The trend is curbing job losses.
President Obama rebuked congressional Republicans for opposing his economic initiatives, and for not doing enough for the middle class.
Texas, California and Pennsylvania received the most investment from private equity firms last year, according to a new report.
Consumers are paying more for food at the check-out stand. But prices could go even higher due to the drought hitting the Southwest.
Both food and gas prices are on the rise, and the link between them could cause more consumer headaches this summer.
A reconstitution of the Russell Indexes occurs at the close of Wall Street trading Friday, reflective of the growth vs. value debate.
Collins Capital's Dorothy Weaver isn't necessarily worried about the drop in GDP. Instead, she's looking for opportunity.
U.S. consumer sentiment rose in June as consumers remained optimistic the sluggish first quarter was due to difficult winter conditions, a survey released on Friday showed.
Deutsche Bank cut its global growth forecast on Friday and warned a summer tempest could await financial markets.
The economy is getting closer to where the Federal Reserve needs it to be to start tightening, Pimco's chief economist, Paul McCulley, said.
New U.S. claims for unemployment benefits fell marginally last week, as consumer spending rose less than expected.
Economists have slashed growth forecasts for the second quarter on weaker consumer spending.
The Fed's "wildly accommodative" monetary policy risks triggering the next world financial crisis, market veteran Stephen Roach warned.
Joblessness will fall and inflation should rise, putting the U.S. economy closer to normal, a top Fed official said on Thursday.
The word "unexpectedly" for negative economic data has become a much-mocked cliché, but this week's first-quarter GDP number deserves an exception. The Fiscal Times reports.
States are still seeing low levels of job growth despite the recovery. A weak housing and manufacturing sector has stymied employment.
After 1Q GDP was revised to negative 2.9 percent, economists are changing their views on a robust rebound for the second quarter.
Moody's upgraded its rating on California's general obligation debt, citing the state's improving financial position and employment growth.
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