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Economy

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  • GDP revisions...and why Kardashians don't kount Wednesday, 31 Jul 2013 | 11:51 AM ET
    Kim Kardashian

    The economy is a lot bigger than we think, but no thanks to Kim Kardashian and reality TV. Experts have gone back to 1929 to recalculate the size of gross domestic product,

  • Big jobs number coming? Data firm says just 23,000 Wednesday, 31 Jul 2013 | 10:15 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.

    Before anyone gets too excited about job prospects for July, a data firm is reporting that payroll growth was much slower than expected.

  • Midwest business activity picks up modestly Wednesday, 31 Jul 2013 | 9:47 AM ET

    The pace of business activity in the U.S. Midwest picked up modestly in July, although growth in new orders and employment both cooled, a report showed on Wednesday

  • Doomsayers begone! US growth beats by a mile Wednesday, 31 Jul 2013 | 8:35 AM ET
    A container ship leaves the San Francisco Bay in San Francisco, California, U.S.

    U.S. economic growth unexpectedly accelerated in the second quarter, laying a firmer foundation and possibly bringing the Federal Reserve closer to cutting back its stimulus.

  • Jumping jobs! Private sector makes big hiring move Wednesday, 31 Jul 2013 | 8:33 AM ET
    Job seekers speak with an employer at a job fair in Chicago.

    Private sector job creation surged in July as small businesses and services led the way, according to the latest report from ADP and Moody's Analytics.

  • 'The Fed has to taper,' says Art Cashin Tuesday, 30 Jul 2013 | 4:27 PM ET

    Art Cashin of UBS said Tuesday that a little-noticed announcement Monday lends further credence to the belief that the Federal Reserve will begin tapering in September.

  • High gas prices won't kill middle-class vacations Tuesday, 30 Jul 2013 | 3:58 PM ET
    Gas prices displayed in Los Angeles on July 16.

    Participants in a guests survey say that a rise of 20 cents to 30 cents in gas prices won't deter them from taking a trip, the chief of Choice Hotels told CNBC.

  • Housing market heats up but not at boiling point Tuesday, 30 Jul 2013 | 3:01 PM ET
    A sold sign is posted in front of a home in Phoenix, Arizona.

    Never mind the recent uptick in mortgage rates. Home prices are on a powerful roll. The latest monthly data shows home prices in May jumped 12.1 percent in the past year.

  • CEOs confident in sales, but will they hire? Tuesday, 30 Jul 2013 | 2:51 PM ET

    The latest YPO Global Pulse Index shows the highest level of confidence in sales growth among CEOs since April 2012. Can this increase in confidence lead to job growth?

  • California city to use seizure laws to save homes Tuesday, 30 Jul 2013 | 1:06 PM ET
    Robert and Patricia Castillo in front of their home that they purchased for $420,000, and is now worth $125,000, they said, in Richmond, Calif., July 26, 2013.

    The power of eminent domain has traditionally worked against homeowners, but now the city of Richmond, Calif., hopes to the legal tool to help people stay right where they are.

  • Zombie inflation and 'Night of the Living Fed' Tuesday, 30 Jul 2013 | 10:13 AM ET
    Zombies on Wall Street.

    The economy is solid and "zombie inflation" is lurking outside, but hasn't started knocking on the door yet, a former economist at the Federal Reserve told CNBC on Tuesday.

  • US consumer: optimismic now, glum about future Tuesday, 30 Jul 2013 | 10:00 AM ET
    A shopper carries a Banana Republic LLC shopping bag while riding an escalator at the Fashion Valley Mall in San Diego, California, U.S.

    US consumer confidence pulled back as consumers were less optimistic about the outlook for the economy and labor market, according to a private sector report released on Tuesday.

  • Obama to pitch 'grand bargain' for US middle class Tuesday, 30 Jul 2013 | 7:50 AM ET
    President Barack Obama speaks at the Jacksonville Port in Jacksonville, Fla.

    President Barack Obama will propose a "grand bargain for middle-class jobs" that would cut the U.S. corporate tax rate and use billions to fund projects aimed at creating jobs.

  • Is Japan headed for another recession? Monday, 29 Jul 2013 | 9:34 PM ET
    A pedestrian holding an umbrella looks at an electronic stock board displaying the closing figure of the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan.

    Even before Japan can stage a convincing rebound, fears are already building over a sharp slowdown, with one analyst warning of a possible recession next year.

  • Billionaire: Why Obama can't help the middle class Monday, 29 Jul 2013 | 1:01 PM ET
    Co-Founder and CEO of Paul Mitchell

    Billionaire and entrepreneur John Paul DeJoria said that although President Obama means well, he likely doesn't have the business acumen to do what is best for the middle class.

  • The new American poor: 4 in 5 live in danger of it Monday, 29 Jul 2013 | 11:09 AM ET
    Renee Adams, left, posing with her mother Irene Salyers and son Joseph, 4, at their produce stand in Council, Va.

    Survey data point to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.

  • More Americans say sequester hurts: NBC-WSJ poll Monday, 29 Jul 2013 | 5:34 AM ET

    Heading into another budget battle, more Americans say they have been negatively affected by the sequester budget cuts, an exclusive poll found.

  • Summers as next Fed chief? Brace for swings Monday, 29 Jul 2013 | 3:52 AM ET
    Lawrence Summers

    If Larry Summers is appointed as the next head of the Fed, markets that have been expecting the dovish Janet Yellen to be the next central bank chief could be jolted.

  • Credit squeeze in Asia worst since financial crisis Monday, 29 Jul 2013 | 1:12 AM ET

    Bank lending conditions in emerging Asia have tightened the most since the global financial crisis, according to the latest survey from the Institute of International Finance (IIF).

  • No green shoots in southern Europe yet: Ryanair Monday, 29 Jul 2013 | 1:10 AM ET

    Despite the emergence of some positive data from crisis-hit Spain, Ryanair says it does not yet see a recovery in southern Europe, Howard Millar, deputy chief executive of the Irish budget airline told CNBC on Monday.

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