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
Monetary easing by the Federal Reserve may not have led to inflation in the U.S. yet but it continues to divide opinion. Euro Pacific Capital CEO Peter Schiff hit back at economist Paul Krugman on Thursday after the Nobel Laureate derided him in a New York Times column.
Japan's $117 billion economic stimulus package is a positive start to revive a frail economy. But the government needs to follow this up with long term structural changes and the central bank has to chip in with some bold moves - otherwise disappointment is sure to follow, analysts say.
With price pressures building at a faster-than-expected rate and exports staging a revival, is it time for Chinese policymakers to take away the stimulus punch bowl?
Anyone counting on their tax refund to help pay for a vacation or take care of some leftover holiday bills could be in for a big disappointment this year thanks to the debt ceiling impasse.
As federal regulators and banks argue over new lending standards, one important fact about the housing market goes largely overlooked: More than 20 million American homeowners own their homes outright.
U.S. wholesale inventories rose more than expected as petroleum stocks rebounded, according to a government report on Thursday that also showed sales rose by the most in more than 1-1/2 years.
Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market.
The ECB said on Thursday that recent economic surveys and indicators had shown signs of stabilizing, suggesting an improved picture later in the year.
The United States could save $2 trillion in healthcare spending over the next decade, if the U.S. government used its influence in the public and private sectors, a study released on Thursday said.
One of the worst flu seasons in a decade is putting further strains on an already sluggish U.S. economy as companies get slammed with increased health care costs and lower productivity from widespread worker absences.
The Fed-watching game is now this: figuring out how long it will take for the unemployment rate to drop to 6.5 percent. It could be at least half a decade.
A growing number of economists predict the European Central Bank’s rate-setting committee will vote to cut interest rates again at Thursday’s meeting.
The U.S. could save more than $500 billion in Medicare and Medicaid spending over the next ten years, by more aggressively coordinating medical care for seniors and the poor, according to new research from health insurer UnitedHealth Group.
Small-business owners' confidence was virtually flat, as entrepreneurs still expect business conditions to worsen in the next six months.
Just two weeks before his second inauguration, President Obama is acting as if he believes he has a big mandate for his next term. The latest sign: his decision to defy a concerted campaign against his choice for defense secretary.
Income inequality has been on the rise for three decades in the United States, according to the Congressional Budget Office, with the gap between the "haves" and "have-nots" currently at its widest point since 1967.
After the "fiscal cliff" the big buzz word is "debt ceiling" and new research shows the US could hit that ceiling in just over a month.
Have you ever heard of the vehicle miles traveled tax? No? Well get ready to hear more about it, because the vehicle miles traveled tax, or VMT, is the latest way states are looking to make up for falling gas tax revenues.
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
With scant prospect of a swift return to growth in the Euro zone, the risk in 2013 is less outright conflagration in the single-currency area than a fraying of social and political ties and an insidious erosion of hope.
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