The European Union's statistical agency, Eurostat, said Friday that the jobless rate stood at 11.1 percent in June, unchanged for a third straight month after declines earlier in the year. Among the euro member states, Greece had the highest rate at 25.6 percent and Germany the lowest level at 4.7 percent. The EU's executive Commission has been pushing hard to...» Read More
The best that can be said about this potential compromise is that the US avoided disaster by averting a massive tax hike during a weak economic recovery.
An apparent tax-cut deal struck between President Obama and congressional Republicans raised hopes that the much-ballyhooed "gridlock" is already yielding positive results for investors.
President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy, the New York Times reports.
The baby boomers will retire earlier and live longer, draining young people's income with their final salary pension schemes - something youth will find impossible to attain.
Interest rates are flat, TARP pays for itself and the Euro holds steady.
China, Wikileaks, Bernanke, Bush and more. Here's what you need to know to make the smart moves this week.
The banking profession is losing its shine and young people may be better off choosing jobs such as engineering, science or technical, various experts told CNBC.
Unemployment jumped to 9.8 percent in a very disappointing November jobs report. Nonfarm payrolls increased by only 39,000 and private jobs expanded by just 50,000. This is way below what the economy needs. Most discouraging, the smaller-business household employment number fell for the second time in a row, down 173,000 in November after a 330,000 drop in October.
If Congress does not extend the Bush-era tax cuts for the highest income levels, a typical worker who earns a $1 million bonus would pay $40,000 to $50,000 more in taxes next year than this year, depending on base salary, the New York Times reports.
Democrats are engineering a showdown in the Senate over tax cuts Saturday in an attempt to depict Republicans as guardians of the rich and gain an edge for the 2012 elections.
Whether it's earnings reports, analyst meetings or unemployment data, here's what you need to know.
So, what countries made the list of best locations to be unemployed? Click to find out!
The "Pit Boss" reveals which industry is seeing heavy call buying in midday trading.
Despite a disappointing November jobs report, Paychex CEO Martin Mucci said he's seeing some positive signs in the US job picture.
Pay no attention to those 15.1 million unemployed people—Wall Street instead is more focused on the man behind the Fed curtain and what he'll be doing to fire up the equity markets.
The jobs number may have sent many market bulls running for the exits Friday morning, but not Brian Kelly of Kanundrum Capital. So why the optimism?
The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. The New York Times reports.
The shockingly weak jobs numbers released this morning are evidence of something I've talked about in this space: American businesses are on strike.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
Economic growth will be subpar, the jobless rate drifts lower, deflation remains a concern, deficit reduction goes nowhere and heads roll in Washington.