NY Fed President William Dudley outlined some bright spots in the US recovery from recession, but he stressed that the labor market is still hobbled.» Read More
The new CNBC Fed Survey shows Wall Street pros want to send Washington an unambiguous message to reduce the red ink now, without more revenue increases.
Paul Donovan, deputy head of Global Economics at UBS, Andrew Slimmon, managing director at Morgan Stanley Wealth Management and Roger Nightingale, strategist at RDN Associates discuss whether investors should care about the underlying economy.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
U.S. benchmark crude oil prices are expected to resume their march towards triple digits as stock markets respond to improved economic data in the U.S. and China, according to CNBC's latest oil market sentiment survey.
A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm destroyed or damaged hundreds of thousands of homes and businesses in coastal New York, New Jersey and Connecticut.
The sudden rise in interest rates to nine-month highs doesn't yet signal a turn, but that could change if Congress resolves the fiscal crisis hanging over the markets.
A gauge of planned U.S. business spending rose in December, a sign that business worries over tighter fiscal policy may not have held back investment plans as much as feared at the end of 2012.
The share of Americans 65 and older in the labor force went from 12.1 percent in 1990 to 16.1 percent in 2010, according to new analysis of Census data released Thursday, which experts chalk up to a national economy relying increasingly on older Americans — especially women — working part time to bolster their retirement savings.
Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.
New U.S. single-family home sales fell in December although the median sales price rose and the sector still appears set to be a bright spot in the economic recovery.
Localities across the New York region are confronting the prospect of an even bigger blow to their finances: a precipitous decline in property tax revenues.
President Obama nominated Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.
Despite a fairly dramatic recent drop in weekly unemployment claims, the notion of a significantly improving job market is drawing few converts.
A gauge of future U.S. economic activity rose, pointing to an improvement in growth despite an ongoing political fight in Washington over fiscal policy.
The number of Americans filing new claims for unemployment benefits unexpectedly fell to its lowest since the early days of the 2007-09 recession, a hopeful sign for the sluggish labor market.
German Chancellor Angela Merkel urged European nations to continue the economic reforms they have begun and argued that the debt crisis offered an opportunity for the bloc to become more competitive.
Many corporations are tempering their earnings beats with more than a dollop of caution about the outlook for 2013, which is barely 3 weeks old.
With tacit support from President Barack Obama, the GOP-controlled House approved an extension of the debt ceiling Wednesday, heading off an economy-rattling fiscal crisis for at least four months.
Lawrence Summers told delegates at the World Economic Forum that the U.S. was right to focus on its budget deficit, but should also make the most of "negligible" long term interest rates to improve healthcare and education.
Nariman Behravesh, chief economist at IHS, tells CNBC why he's positive about the U.S. economy in 2013, despite political uncertainty.
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