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Economy

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  • Growing Up Will Help Economy...So Grow Up! Friday, 10 May 2013 | 8:04 AM ET

    America's economy faces a growing demographic crisis, and it echoes the script of the movie "Knocked Up," argues Kudlow producer Jake Novak.

  • US Jobless Claims Surprise, Dropping Below 350,000 Thursday, 9 May 2013 | 8:30 AM ET
    Job seekers wait in line to meet with employers at the 25th Annual CUNY Big Apple Job and Internship Fair at the Jacob Javits Convention Center in New York City.

    New claims for unemployment benefits dropped to the lowest level in nearly 5-1/2 years last week, signaling labor market resilience in the face of fiscal austerity.

  • Wal-Mart vs. the Feds: Who's the Low-Wage Job King? Monday, 13 May 2013 | 9:51 AM ET

    The federal government is better at creating low-paying jobs than Wal-Mart and McDonald's combined, says a new report.

  • Unlike Boomers, Millennials Get a Jump on Saving Monday, 13 May 2013 | 1:29 PM ET

    A new study found that on average Millennials have $55,000 saved for retirement and many of them are wary of the long-term viability of Social Security.

  • US Retail Sales Get Lift From Autos, Construction Monday, 13 May 2013 | 8:32 AM ET
    Construction worker Alex Sierra buys lumber for home framing at the Home Depot store.

    U.S. retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods.

  • Canada's Housing Market: The Next Big Short? Friday, 10 May 2013 | 1:38 AM ET
    Condo's under construction in Toronto, Ontario as Canada's housing market begins to slow.

    Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.

  • Rotation Into Cyclicals Could Provide Market Boost Thursday, 9 May 2013 | 6:00 AM ET

    Investors have been dipping into growth-oriented cyclicals, and if the trend continues, it could add more momentum to the stock market rally.

  • Lew Says Japan Must Respect Rules on Yen Friday, 10 May 2013 | 5:28 AM ET

    U.S. Treasury Secretary Jacob Lew has said Japan must stay within the bounds of an international agreement not to target exchange rates, after the dollar-yen broke through 100 and continued to extend gains on Friday.

  • Drug Spending Drops for the First Time in 55 Years Thursday, 9 May 2013 | 8:31 AM ET

    Patent expirations on big-name drugs has resulted in modestly less spending on medicines in the U.S. for the first time in at least 55 years, a report showed Thursday.

  • Income Gap May Have Hit Turning Point Friday, 10 May 2013 | 12:37 PM ET

    JPMorgan economist Michael Feroli argues that structural shifts in education and technological progress may signal less wage inequality, The Fiscal Times reports.

  • Ben Bernanke: Shadow Banking Still Poses Risks Friday, 10 May 2013 | 9:33 AM ET
    Federal Reserve Chairman Ben Bernanke

    The Federal Reserve Chairman said the shadow banking system still poses a threat to stability, and that funding markets might still not be able to cope with a major default.

  • Frugality Drags Retail Sales, Boosts Discounters Thursday, 9 May 2013 | 9:07 AM ET

    A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.

  • Want a Peek at Obamacare? Take a Look at This State Thursday, 9 May 2013 | 10:20 AM ET

    Massachusetts has had Romneycare since 2006. And, while it's different in some ways from Obamacare, it offers insight into what's ahead for US health care.

  • US Oil Production Is Nearly on Par With Imports Wednesday, 8 May 2013 | 10:53 PM ET
    A worker walks from a 161-foot-tall oil rig to retrieve a tool from a nearby shed outside Garden City in West Texas.

    The amount of oil produced in the U.S., now at a 21 year high, is nearly even with the amount being imported.

  • Foreclosure Crisis Still Has Millions in Its Grip Thursday, 9 May 2013 | 7:00 AM ET
    Courtney Scott says she has been fending off foreclosure since 2008 while trying to work with her lender to modify the mortgage on her McDonough, Ga. home.

    Five years after the mortgage meltdown sparked a wave of foreclosures, millions of Americans are still fighting to save their homes. That is hurting a broader housing recovery.

  • Putting a Price Tag on High School Graduation Thursday, 9 May 2013 | 8:00 AM ET

    Graduating from high school is becoming an ever more elaborate process. Expect to spend over $1,000 to attend the prom—and that's just the start.

  • Bank of England Holds Back on New Stimulus Thursday, 9 May 2013 | 5:26 AM ET

    The Bank of England left its benchmark rate unchanged at 0.5 percent, a record low, on Thursday. Policymakers also kept the size of the asset purchase program unchanged at 375 billion pounds ($584 billion).

  • Japan Bear Warns on Unfolding Debt Crisis Wednesday, 8 May 2013 | 9:41 PM ET
    Tokyo, Japan

    Japan will be consumed by a debt crisis surpassing the U.S. subprime crash, telling investors that "the beginning of the end has begun" for Japan's finances. The Financial Times reports.

  • 3 Years Later: Learning to Live With Flash Crashes Monday, 6 May 2013 | 8:02 AM ET
    Traders work on the floor of the New York Stock Exchange before the closing bell May 6, 2010. The Dow plunged almost 1,000 points before closing down 347 on Greek debt fears.

    Rather than being simply a one-off event that Wall Street could dismiss as an aberration, the Flash Crash now looks like it was just the first warning shot.

  • Zuckerberg's Political Effort Gets 'Blowback' Thursday, 9 May 2013 | 7:13 AM ET
    Gov. Chris Christie and Mark Zuckerberg

    The advocacy group created by Mark Zuckerberg and others to push for immigration reform has bankrolled TV ads endorsing some conservative stands, prompting an outcry from liberals.