RICHMOND, British Columbia, Oct 9- Canada's ruling Conservatives on Friday pledged to run a series of modest budget surpluses if they retain power in an Oct. 19 election, seeking to portray themselves as the best economic stewards in a race that looks too tight to call. But the pledge came the same day data showed Canada's unemployment rate rose to its highest level...» Read More
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.
Durable goods orders for June due Wednesday could have as much directional sway with stocks as the flood of earnings news coming from companies like Boeing, Conoco Phillips and Comcast.
Earnings news Tuesday may again be the catalyst for a stock market that's showing improving technical strength.
Wall Street will be closely watching the results of the European bank stress tests on Friday even as the deluge of earnings continue.
Fresh economic data Thursday could feed the market's phobia about a weaker economy, ahead of another round of testimony from Fed Chairman Ben Bernanke.
Apple proved once more its iProducts make for a powerful earnings machine, but that may not add much juice to tech shares Wednesday.
Millions of people stuck on the jobless rolls would receive an extension of unemployment benefits averaging $309 a week under a Senate bill that appears set to break free of a Republican filibuster.