Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10%, reducing the size of her cabinet and slashing thousands of coveted jobs, the NYT reports.» Read More
Want a sneak peak at Gary Kaminksy's daily post, 'Kaminsky's Call'? Well, you're in luck because the veteran trader told the "Fast" desk what's in store for K-Call.
The US economy needs another government stimulus program as big as the one President Obama pushed through Congress in February 2009, economist Paul Krugman said on CNBC Monday.
CNBC will track several key mid-term election contests that distill the dollars-and-cents dilemmas facing Americans as they choose new representatives, senators and governors this fall.
State unemployment rates have shown only minimal improvements, with 18 states and the District of Columbia reporting decreases in July, 14 showing increases and 18 with no change at all.
Some see a high-stakes confrontation between a company that wants to cut its labor costs, even as it is earning record profits, and workers who are determined to resist demands for wage and benefit givebacks.
Despite all the gloom and doom about the US economy, the private sector actually created 620,000 jobs over the past seven months, far faster than in the previous two recessions.
Some economists think the central bank's concern about falling prices could help bring about the very situation the Fed is trying to avoid.
If you're looking to judge the success of the Federal Reserve's latest monetary policy move, look at the Treasury market, not the stock market.
Conventional wisdom may say that surging productivity is bad for job creation, but that doesn't mean falling productivity is good for it. A surprise decline in quarterly business productivity in the second quarter was hardly welcomed as a sign of better times ahead for the labor market.
Whether the housing market is in another free-fall or not, just the thought of a double dip is forcing real estate investors to re-think how and where they spend their money. And maybe even if they should spend it at all.
President Barack Obama hailed the seventh straight month of private job creation in July as a good sign for the economy, but notes the progress "needs to come faster."
The latest overall job loss numbers showed a loss of 131,000 jobs in July and an unemployment rate remaining at 9.5%. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Markets are bracing for a not-so-good July jobs report, which should show a continued sluggish recovery in private sector payrolls.
The American consumer is a major theme Thursday, as chain stores report their monthly sales.
Local and state governments, as well as some companies, are trimming salaries in cost-saving measures that are often described as a last-ditch effort to avoid layoffs., reports the New York Times.
A report on the health of the service sector, and ADP's private sector jobs report are of big interest to markets that are already counting down to Friday's July employment report.
Despite relatively strong second-quarter earnings, US banks are still suffering from poor revenue growth and will continue to do so into next year, financial analyst Meredith Whitney told CNBC.
The monthly sales reports will be issued by car makers throughout the day and are expected to show an annualized selling rate of 11.4 million vehicles, up from 11.1 million last month.
Stocks head into the final day of July with the best monthly gain in a year, yet July's hot performance has only sparked debate about what August will bring.
Weekly jobless claims will again be a big event for Thursday's markets, and economists think the number will not really show any improvement.