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The US economy is teetering on the brink of a second recession—not a double-dip—even though the stock market remains strong, economist David Rosenberg told CNBC.
Google's strong earnings and rocketing stock price may temporarily distract investors, but tension around U.S. debt ceiling discussions and the results of European bank stress tests Friday could quickly snap markets back to bigger concerns.
You wouldn't believe the wild stunts some people will pull to get a job. One unemployed man is willing to die to get a job ... sort of. "This is a real every man for himself type economy right now," he said. Click through to read his life-or-death offer.
Seeming to usually prefer government management of the economy to that of the private sector, Professor Alan S. Blinder is now pushing for a jobs tax credit to induce owners to hire more workers. "At the margin" this might work a bit, but primarily this is a "cash for clunkers" proposal, handing money to owners who found a good reason to hire anyway.
Debt drama dents the dollar and growth data down under is uplifting — it's time for your FX Fix.
Jobless claims drop from last week to 405,000. A breakdown of the economic data, with Stuart Hoffman, PNC Financial Services; Carly Fiorina, former HP president/CEO; Jim Iuorio, TJM Institutional Services; CNBC's Steve Liesman & Rick Santelli.
While there were plenty of caveats and references to the slowdown being nothing more than a “soft patch,” the bar for doing more quantitative easing suddenly doesn’t look so high.
An increase in layoffs may be the culprit behind the weak employment picture, rather than a decrease in hiring.
Wealthy Americans, who are expected to increase their spending on luxury items by 8 percent to $359 billion this year, are no longer embarassed at flaunting their wealth despite an economic slowdown which has caused hardship on many who have lost their jobs, David Arnold, publisher of luxury magazine the Robb Report told CNBC.
Traders will be tuned in to Bernanke's Senate testimony Wednesday to see what he says about the economy and any new stimulus measures. Don't get too excited about a QE3, one economist said — that was just the Fed thinking out loud.
Hedge-fund master Byron Wien has a decidedly positive view of the U.S. economy in the second half of the year, he told CNBC Tuesday. The one big problem is persistently high U.S. unemployment.
Currency investors are currently debating the merits of a proposed plan to allow a tax holiday for big US multinationals that could see money pour back into America, potentially boosting the dollar.
The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.
If you’re confused over high unemployment, you’re not alone. The people who are best supposed to understand this issue don’t have much of a clue either.
There's be no money for U.S. defense as of Aug. 3 if there is no deal on the debt under a worst-case scenario, former Treasury Secretary Jay Powell told CNBC Monday.
About 20 percent of personal income comes from government payments, and as programs are trimmed, reduced consumer spending could slow the recovery, the New York Times reports.
Small businesses are taking a "wait and see" attitude, because of lack of access to credit, says Bill Miller, U.S. Chamber of Commerce national political director.
There still may be a delayed reaction out of the news in Europe, says Leo Grohowski, BNY Mellon Wealth Management; with Beth Ann Bovino, Standard & Poor's, who says the Friday numbers makes a recovery look weaker.
Hopes of a speedy recovery for the US economy where dashed by Friday’s disappointing jobs number that showed only 18,000 jobs where created by the world’s largest economy in June.
As euro zone finance ministers meet to discuss the latest plan on the table aimed at solving the Greek debt crisis, one fund manager is warning that Italy and Spain will be downgraded, raising the possibility of "carnage" for global markets.