A new survey paints a contradictory portrait of consumers, and of their finances and willingness to spend ahead of the critical holiday season.» Read More
Americans spent more in March and their income grew, the latest indication that consumers are shrugging off a tax increase.
Before the recession, non-Hispanic white families, on average, were about four times as wealthy as nonwhite families, according to a new study. By 2010, whites were about six times as wealthy.
The Bureau of Economic Analysis is about to overhaul the way it tracks the growth of the American economy. The new accounting rules will give more weight to "intangible and intellectual" assets.
After the payroll tax increase, many worried that consumers would stop spending and further slow the economy. Nope. Not yet, anyway.
Now that Fabrizio Saccomanni has "made it" to head the economy ministry, markets may expect him to be the ECB's new man in Rome.
China's reform mantra sounds like a German-style plan that looks to combine growth with discipline, says this economist.
The latest snapshot of manufacturing activity in China could be a key focus for Asian markets this week as talk grows that China's economy has lost steam.
Another lackluster quarter of economic growth is likely to have the same impact on the market as its predecessors — which is to say, not much.
The flaccid GDP report may stem from deficit-cutting moves, including a 2 percent payroll tax hike that kicked in Jan. 1 and ongoing budget cuts. NBC News reports.
Macro factors in the U.S. and Europe are creating a challenging environment for retailers said McDonald's President and CEO Don Thompson.
US consumer sentiment weakened in April as Americans remained concerned about their employment and financial prospects, a survey released on Friday showed.
Economic growth regained speed, but not as much as expected, which could heighten fears the weakening economy could struggle with spending cuts and higher taxes.
Even as new numbers show the overall employment picture improving, new college graduates may not be so lucky when it comes to finding work.
Economists Carmen Reinhart and Kenneth Rogoff revealed they have received "hate-filled" and "threatening" emails since their influential research on austerity was exposed as containing a error last week.
While smaller builders are taking the brunt of the price increases, the big public builders may actually be taking advantage of them.
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.