Income inequality in the United States is near its highest levels of the past 100 years, Fed Chair Janet Yellen said on Friday.» Read More
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.
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.
Heading into another budget battle, more Americans say they have been negatively affected by the sequester budget cuts, an exclusive poll found.
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.
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).
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.
As policymakers look to shift from an economy based on rapid credit expansion and heavy infrastructure investment to one based on consumer demand, miners and their suppliers have had to adjust.
Former White House insiders identify the key difference between Larry Summers and Janet Yellen in the jousting for the Fed chair job: The president knows and trusts Summers.
US consumer sentiment surged in July as Americans felt better about the current economic climate, though they expected to see a slower rate of growth in the year ahead.
Municipal bond funds saw outflows of $1.2 billion in the week ending July 24, on concern that Detroit's filing for bankruptcy will set an important precedent and more cities could follow suit.
New orders for long-lasting manufactured goods surged in June in the U.S., while the number of Americans filing new claims for jobless benefits rose slightly.
The once-sleepy process of releasing economic data has quietly gotten a lot more complicated, and a lot more lucrative.
The federal judge overseeing Detroit's bankruptcy case said he expects to issue some rulings Wednesday in the city's closely followed insolvency.
Sales of new U.S. single-family homes vaulted to a five-year high in June, showing little signs of slowing in the face of higher mortgage rates.
China's weak manufacturing data may trigger fresh stimulus measures from the government as Beijing looks to defend its 7.5 percent annual growth target, say economists.
Economic activity in the euro zone expanded in July, purchasing managers index (PMI) readings showed on Wednesday, marking the first uptick for business activity since January this year.
The risk of a disorderly decline in U.S. crude futures is growing after a four-week rally sent prices to 16-month highs, defying an China's slowdown and shale supply boom.
The move means it will add a total of 3,000 white collar jobs this year, with most of them located at the Dearborn headquarters.
The price of U.S. crude may have caught up with North Sea Brent oil prices in the past week, but it now faces a sharp pull back of up to 35 percent, says one analyst.
Cybercrime's toll on the U.S. economy is difficult to predict but one new study puts the price tag at $100 billion and 508,000 lost jobs as a result.
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