The U.S. economy grew faster than initially estimated in the third quarter, while jobless claims fell unexpectedly.» Read More
The United States holds the potential to rival growth in emerging economies, said Gary Cohn, President and Co-COO of Goldman Sachs.
While talk around Fed policy has focused on tapering off its easing measures, a weakening economy likely will lead to more aggressive measures.
The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market.
As the U.S. produces more of its own energy, pressure is mounting on the federal government to move quickly to export its natural gas bounty.
Confidence in the U.S. job market has rebounded to roughly a normal level since the Great Recession, a trend that could help boost the economy.
The Obama administration on Wednesday backed a plan that would temporarily eliminate spending cuts disrupting U.S. air travel, while lawmakers in Washington scrambled to avoid blame.
Janet Yellen is seen as a logical candidate to succeed the Federal Reserve chief Ben Bernanke, but critics remain wary of her stance on inflation.
U.K. GDP grew 0.3 percent in the first quarter of 2013 but analysts warned that the economy will struggle in the months ahead.
The U.K. economy grew more than expected in the first quarter and George Osborne pointed to signs of healing. But three charts show why the U.K.'s austerity plan is so controversial and why many argue it isn't working.
Italy's political deadlock may be over after the country's President nominated center-left politician Enrico Letta as prime minister on Wednesday. He has already signaled that Italy could now turn away from austerity.
The Bank of Japan meets on Friday for the first time after it made a radical shift in policy earlier this month and markets are now watching for central bank governor Harukiko Kuroda's next move.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Homes built without ready buyers were all the rage for builders during the housing boom, before demand disappeared. Now they're coming back.
If not for the Fed's cheap money, spending cuts likely would be having a larger impact on economic growth, hiring, business spending and consumer sentiment. NBC News.
Millions of people who can't find a full-time job are taking anything that pays them under the table, and in turn are helping to boost consumption, say analysts.
Flight delays from air traffic controller furloughs may seem like the start of the predicted doom of sequestration. But many have already felt the pain of mandated budget cuts.
Orders for long-lasting manufactured goods recorded their biggest drop in seven months and a gauge of planned business spending rose modestly, adding to signs of a slowdown.
Applications for home mortgages edged up last week as rates fell for the fifth week in a row, data from an industry group showed.
In a move that would capitalize on provisions under President Barack Obama's health care law, Washington state lawmakers have found a creative way to pass a large chunk of their health care expenses along to Washington, D.C.
A news agency tweet, that turned out to be fake about explosions at the White House injuring President Obama, sent markets on a round trip roller coaster ride.