Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though new business and employment growth weakened.» Read More
Stronger housing means more jobs. When they feel more financially comfortable that comfort sends them out spending.
Near-term deceleration will probably give way to strengthening next year, Goldman Chief Economist Jan Hatzius told "Squawk on the Street."
A better-than-expected jobs report sent stocks soaring into record territory, relieving worst fears about the economy but still signaling that job growth has slowed.
The pace of growth in the vast U.S. services sector slowed in April to its weakest pace in nine months, an industry report showed on Friday.
Job creation accelerated in April, with the U.S. economy adding 165,000 new positions and the unemployment rate edging lower amid worries over a spring slowdown.
The euro zone economy will shrink by 0.4 percent this year and grow 1.2 percent next year, the European Commission said on Friday, but the recovery is expected to be too slow to reduce joblessness.
The euro jumped against the dollar after ECB Governing Council Member Ewald Nowotny told CNBC on Friday that the markets over-interpreted Mario Draghi's comments on negative deposit rates.
Dennis Gartman, founder and editor of the Gartman Letter, believes the new Affordable Care Act (ACA) could be a key reason why businesses are reluctant to hire new workers.
Expansion in China's services sector slowed in April, in line with slower factory activity and reinforcing views that recovery in the world's second-largest economy remains modest.
President Obama chooses longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.
Payday loans cost the U.S. economy nearly $1 billion and thousands of jobs in 2011, while borrowers often face bankruptcy, according to a new report.
Despite regulatory pressure and the general negative public stigma, big American banks are doing better against their global competitors.
Stock markets don't want a strong economy, but want a "decent" one said Bob Doll, chief equity strategist at Nuveen Asset Management.
The number of Americans seeking unemployment aid fell to 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring.
The ECB on Thursday cut its main refinancing rate by 25 basis points to 0.5 percent, the first rate cut since July 2012, a move Mario Draghi said should help the economy.
Financier Ronald Perelman told CNBC that earnings are growing at the companies he holds stakes in, but top-line growth has been difficult, much like the rest of Corporate America.
The number of planned layoffs fell to their lowest level of the year, suggesting slowing economic growth has not translated into significant job losses, a report showed.
The U.S. economy is awash in fossil fuel production, raising a tantalizing prospect of whether the U.S. should liquidate its Strategic Petroleum Reserve to help close the deficit.
Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
The rot spreading through euro zone manufacturers persisted through April, a business survey showed, bolstering expectations for an interest rate cut by the European Central Bank later on Thursday.
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