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Economy

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  • US consumer sentiment jumps to six-year high Friday, 26 Jul 2013 | 9:56 AM ET

    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.

  • Detroit

    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.

  • US durable goods soar; jobless queue lengthens Thursday, 25 Jul 2013 | 8:37 AM ET
    Valley Appliance employees Dennis Husser, left, and Dan Arkels deliver a Maytag Corp. electric stove to a customer in Princeton, Illinois, U.S.

    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 high-tech race for economic data pays Wednesday, 24 Jul 2013 | 1:52 PM ET

    The once-sleepy process of releasing economic data has quietly gotten a lot more complicated, and a lot more lucrative.

  • Detroit bankruptcy judge expects to rule today Wednesday, 24 Jul 2013 | 10:13 AM ET

    The federal judge overseeing Detroit's bankruptcy case said he expects to issue some rulings Wednesday in the city's closely followed insolvency.

  • Despite higher rates, new home sales surge in June Wednesday, 24 Jul 2013 | 10:00 AM ET

    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.

  • Is China about to launch a new round of stimulus? Wednesday, 24 Jul 2013 | 3:30 AM ET

    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.

  • Euro zone business activity expands, euro rallies Wednesday, 24 Jul 2013 | 3:00 AM ET

    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.

  • Rally in US crude rekindles ‘flash crash’ fears Wednesday, 24 Jul 2013 | 12:38 AM ET

    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.

  • Auto job boom rolls on as Ford e-x-p-a-n-d-s Tuesday, 23 Jul 2013 | 11:31 AM ET

    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.

  • Watch out, US crude prices could correct 35%: Pro Tuesday, 23 Jul 2013 | 2:33 AM ET

    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.

  • $100 billion lost to this crime every year Monday, 22 Jul 2013 | 3:46 PM ET

    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.

  • Detroit hurtles toward first bankruptcy hearing Monday, 22 Jul 2013 | 2:26 PM ET
    Kevyn Orr

    Detroit's bankruptcy goes to court Wednesday, even as other lawsuits seek to block a plan to restructure the city's more than $18 billion in debt.

  • Home resales' surprise drop snaps streak of gains Monday, 22 Jul 2013 | 10:00 AM ET

    US home resales unexpectedly fell in June after two straight months of hefty increases, but a surge in prices to a five-year high suggested the housing market recovery remained on course.

  • As battles loom, Obama prepares to make his case Monday, 22 Jul 2013 | 6:41 AM ET
    President Barack Obama speaks about the Affordable Care Act in San Jose, Calif.

    President Obama will embark on a campaign-style tour this week, laying out his agenda for reinvigorating the nation’s economy. The New York Times reports.

  • Auto rebound bittersweet in auto towns left behind Monday, 22 Jul 2013 | 6:00 AM ET
    A Chrysler Jeep sign is seen in front of a dealership in Hollywood, Florida.

    Four years after the auto industry bottomed out with GM and Chrysler going bankrupt, those automakers and the industry as a whole is roaring again.

  • Doctors still confused, skeptical about Obamacare Monday, 22 Jul 2013 | 6:00 AM ET

    A poll of doctors finds huge skepticism that Obamacare insurance exchanges will open by fall deadline, and mostly don't know how new health law will affect practices.

  • France in a 'worrying' situation: Finance Minister Monday, 22 Jul 2013 | 1:46 AM ET

    France is in a worrying situation, the country's finance minister told CNBC, but growth will return in the second half of the year.

  • Beijing loosens grip on rates—will it matter? Monday, 22 Jul 2013 | 12:44 AM ET

    While the scrapping the floor on lending rates reflects the government's determination to push ahead with reforms, economists say the practical impact would be minimal.

  • Detroit can't wait for federal cavalry, Orr says Sunday, 21 Jul 2013 | 4:31 PM ET
    The skyline of Detroit

    Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.

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