President Trump's unpopularity overseas may have cut American exports by at least $3 billion, according to a UC, Berkeley study. » Read More
"If this drags on into February, March, then growth rates are going to fall to a place where unemployment will start to rise," economist Mark Zandi warns. » Read More
By: Fred Imbert
Consumer sentiment dropped to its lowest level since before the U.S. presidential election in 2016 amid growing concerns over U.S. economic growth, according to data released Friday. » Read More
By: Liz Moyer
Lifting tariffs could clear the way for deeper concessions from Beijing, sources told The Wall Street Journal. » Read More
The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are "unquestionably" safer than they were before the 2007-2009 financial crisis.
The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.
As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis.
U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest annual drop in more than two years.
"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.
The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.
Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.
Growing positive sentiment between the U.S. and China recently bodes well for stocks, says OppenheimerFunds' Krishna Memani.
Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.
It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.
U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.
California Gov. Gavin Newsom pledges the state will provide unemployment insurance benefits for furloughed workers impacted by the partial federal government shutdown.
Under the proposal, Trump could dip into money set aside to fund civil works projects all over the country including storm-damaged areas of Puerto Rico.
Furloughed workers will lose over $2.2 billion in missed paychecks as the government shutdown enters day 21. The unemployment rate could jump a few tenths of a percent in January due to the impact of the shutdown.