Turkey's central bank needs to raise interest rates to contain the country's financial crisis, says veteran economist Stephen Roach. » Read More
By: Jeff Cox
The markets have seen much of this movie before: a heavily indebted country finds itself in crisis, the currency plunges and talk quickly turns to contagion and, ultimately, an expensive globally financed bailout. » Read More
By: Alan Rappeport
Some of the most loyal motorcycle enthusiasts are angered by the company's announcement it will move some production overseas. » Read More
By: Chloe Aiello
"Mr. Erdogan only has one tool in his box and that's his nationalistic image. He tries to defend the currency with a flag and that's not possible," said Robert Pearson, former U.S. ambassador to Turkey. » Read More
While the rest of the economy pointed higher in July, American workers took a step backwards. Hourly and weekly earnings actually declined on the month when factoring in the rise in cost of living, according to the Labor Department.
U.S. consumer prices rose in July and the underlying trend continued to strengthen.
California's $2.7 trillion economy may face pain from the U.S.-China trade war and shows signs of slowing job growth but economists don't see a recession in the cards.
Executives at private equity giant KKR recently visited China and came away believing that a powerful investing opportunity awaits, due in significant part to the ongoing trade war.
The agreement concerns investors who hold bonds issued by Cofina, slashing the debt by $17.5 billion.
Trump's trade war is forcing some companies to lay off workers, close plants, tighten personnel and raise prices on goods, USA Today reports.
Homeownership among millenials is lower than their parents and grandparents.
The U.S. producer price index was forecast to rise 0.2 percent in July.
The number of Americans filing for unemployment benefits unexpectedly fell last week.
The president said "he wouldn't go there" after he was asked about his plans for dealing with China going forward, an executive who attended the dinner told CNBC.
"Stop blaming yourself and start blaming the system," says Alissa Quart.
Thomas Barkin is president and CEO of the Federal Reserve Bank of Richmond and a voting member of the Fed's policy-setting committee.
The wage gap between white men and black women increased in 2018 from 2017.
President Donald Trump said Tuesday he thinks gross domestic product growth in the next quarter "could be in the 5s" — that is, higher than 5 percent.
U.S. employers posted more openings in June than the previous month, creating more available jobs than unemployed workers for the third straight month.
Soaring prices are sapping mortgage demand. In June, home prices rose 6.8 percent from a year ago, according to CoreLogic.