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  • Forecasts Reveal Bleak Picture for Euro Zone Friday, 3 May 2013 | 5:55 AM ET

    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.

  • ECB's Nowotny: Talk of Negative Rates Overblown Friday, 3 May 2013 | 3:34 AM ET

    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.

  • Gartman: 'Obamacare' Stunting Job Growth Friday, 3 May 2013 | 2:36 AM ET

    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.

  • More Weakness in China—Services Sector Slows Thursday, 2 May 2013 | 10:37 PM ET

    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.

  • Obama Taps Pritzker, Froman for Economic Jobs Thursday, 2 May 2013 | 2:36 PM ET
    Penny Pritzker

    President Obama chooses longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.

  • Payday Loans Cost Economy $1 Billion in 2011: Study Thursday, 2 May 2013 | 1:48 PM ET

    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.

  • Investment Bank Bonanza: Best Year Since '02 Thursday, 2 May 2013 | 12:01 PM ET

    Despite regulatory pressure and the general negative public stigma, big American banks are doing better against their global competitors.

  • Markets Don't Want a Strong Economy: Bob Doll Thursday, 2 May 2013 | 11:22 AM ET

    Stock markets don't want a strong economy, but want a "decent" one said Bob Doll, chief equity strategist at Nuveen Asset Management.

  • Claims at Five-Year Low; Trade Gap Falls, Too Thursday, 2 May 2013 | 9:59 AM ET
    Hundreds line up to attend a job fair in New York in April.

    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.

  • Draghi: Easy Monetary Stance as Long as Needed Thursday, 2 May 2013 | 8:55 AM ET
    Mario Draghi, President of the European Central Bank

    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.

  • Corporate Climate Aids Earnings, Not Jobs: Perelman Thursday, 2 May 2013 | 8:29 AM ET
    Ron Perelman, Chairman and CEO of MacAndrews & Forbes.

    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.

  • Slowdown in Layoff Plans Provides Some Jobs Hope Thursday, 2 May 2013 | 7:40 AM ET
    Job seekers meet meet potential employers at a career fair on April 18, 2013 at the Holiday Inn in Midtown in New York City.

    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.

  • Possible US Budget Fix: Sell Our Strategic Oil Thursday, 2 May 2013 | 7:06 AM ET

    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.

  • The Euro Crisis Is Actually Saving Germany Money Thursday, 2 May 2013 | 4:19 AM ET
    German Chancellor Angela Merkel,  walks past flags of the European Union and Germany.

    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.

  • Euro Zone Factory Downturn Deepens in April Thursday, 2 May 2013 | 4:02 AM ET

    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.

  • Roubini: Fed Risking Sequel to 2008 Financial Crisis Thursday, 2 May 2013 | 3:33 AM ET
    Nouriel Roubini

    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.

  • Reinhart, Rogoff: Austerity Is Not the Only Answer Thursday, 2 May 2013 | 2:32 AM ET
    Carmen Reinhart

    The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.

  • Pentagon to Ask US Congress for Break From 'Sequester' Thursday, 2 May 2013 | 2:27 AM ET
    The Pentagon

    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."

  • Ford Hiring More Than 1,000 on F-Series Demand Thursday, 2 May 2013 | 12:01 AM ET

    Ford, facing greater demand for its F-Series trucks, is adding a third shift and hiring more than a thousand new workers at its final assembly plant in Claycomo, Missouri.

  • China Recovery at Risk as Factory Growth Eases Wednesday, 1 May 2013 | 9:49 PM ET

    China's factory-sector growth eased in April as new export orders fell for the first time this year, a private survey showed on Thursday, suggesting the euro zone recession and sluggish U.S. demand may be reining in China's recovery.

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