If this turning point comes, the U.S. may soon see the fortunes of middle- and lower-class workers rising.» Read More
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.
The Fed's commitment to loose monetary policy is likely to lead to asset and equity bubbles in the next two years which could be worse than the previous crisis, renowned economist Nouriel Roubini said in an opinion piece for Project Syndicate.
The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.
The Pentagon is preparing to ask Congress soon for more authority to shift funds to cope with automatic spending cuts, confronting lawmakers with another exception to the "sequester."
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