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
With no end in sight to the country's job market woes, the House has agreed to give the jobless in a majority of states another 13 weeks of unemployment insurance benefits.
With little else to sway it, the stock market should continue to trade quietly ahead of the Fed's Wednesday afternoon statement.
The Fed's two-day meeting starts in Washington Tuesday, as President Obama and other world leaders gather in New York. Traders are watching both, as well as the meeting of G-20 leaders in Pittsburgh later in the week
Young foreigners are coming to China to look for work in its unfamiliar but less bleak economy, driven by the worst job markets in decades in the United States, Europe and some Asian countries.
The trend for stocks continues to point up and could stay that way through the end of September, even if there are some choppy days.
Retail staffs are much more experienced than they were one year ago. This may allow companies to cut back on recruiting and training costs, as well as improve their customer service this holiday season.
The stock market took a rest Thursday, signaling traders that it may be getting ready to shake off some recent gains.
The economic recovery may be sharper than many forecasters, including the International Monetary Fund, have predicted, precisely because the recession was so deep, Michael Mussa, senior fellow, Peterson Institute for International Economics, told CNBC.com.
Rising stock prices are acting as a powerful magnet, prying loose fresh cash and drawing it into a market that's 58 percent above its March lows.
Wall Street's bulls are convinced there is enough good news to graze on for a while longer.
Halting the financial sector's death plunge is arguably the government's most measurable achievement this year. Yet as President Barack Obama observes the one-year anniversary of Lehman Brothers' collapse, his administration's increasingly sunny assessment of Wall Street's rebound faces a hard sell.
Personal protection becomes a bigger worry for Americans during uncertain economic times, and Smith & Wesson CEO Michael Golden said this fear helped fuel a 30 percent jump in quarterly profit for the largest handgun manufacturer in the US.
August unemployment data were released this morning and the numbers were not as bad as expected. The rate of job losses is slowing, and some economists think that the rate of jobs lost should reach zero sometime around year end with job growth returning in early 2010.
The unemployment numbers were disappointing at face value, but overall, economic data has been consistently building a foundation for recovery, said Robert Keiser, Standard & Poor's senior director.
The latest overall job loss numbers showed a loss of 216,000 jobs in August and the unemployment rate rose to 9.7%, the fewest losses since August last year but highest unemployment rate since mid-1983. The June and July numbers were revised upward as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The rush to buy gold and the rise in the bond market witnessed this week are not reassuring for investors, as they indicate fears of future troubles in the economy, Dennis Gartman, author of The Gartman Letter, told CNBC Friday.
The US nonfarm payrolls number later on Friday will likely make or break the stock market's timid attempts at a rebound after declines in the first days of this month, but predictions for the volatile figure are as far apart as ever.
More than 1.3 million Americans' unemployment insurance benefits will run out by the end of the year, placing extra strain on an economy that is just starting to recover from the worst downturn in a generation.
Defending a costly plan to revitalize the economy, Vice President Joe Biden on Thursday said the government's sweeping stimulus effort "is in fact working" despite steady Republican criticism and public skepticism.
Stocks have been on a decline in the last few trading sessions, making investors nervous about where to put their money. Dan Veru, executive vice president and co-CIO of Palisade Capital Management and John Lekas, CEO and portfolio manager at Leader Capital shared their market insights.