For President Barack Obama, the report that showed that the unemployment rate hit 10.2 percent last month gives opponents a chance to score some easy points.
Euro strength is far from over and the dollar could fall to an all-time low against the bullish currency, Phil Roberts, technical analyst from Barclays Capital, told CNBC.
The U.S. unemployment rate blasted past the psychologically important 10-percent mark Friday as nonfarm payrolls fell by 190,000 last month. It's the first time the unemployment rate -- now at 10.2 percent -- was in double digits since June 1983.
The U.S. Senate vote unanimously to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling U.S. economy.
Wednesday, 4 Nov 2009 | Source: CNBC staff and wire reports
The Federal Reserve expressed growing confidence that an economic recovery was building, even though it will keep borrowing costs near zero for "an extended period."
The Federal Reserve Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.
Wednesday, 4 Nov 2009 | Posted By:
Jeff Cox | Source: CNBC.com
The "mother of all carry trades" that Nouriel Roubini warned of recently is growing and threatening to cause a global implosion, the economist warned in a CNBC interview.
White House economic adviser Paul Volcker said his meeting on Monday with President Barack Obama focused in part on reducing U.S. economic reliance on consumer spending.
Places such as the southwest Missouri city of Lamar, have seen the cornerstones of their economies disappear, leaving a gap that even billions in roadwork and government aid cannot fill.
The President’s Economic Advisory Board will hold a public meeting on job innovation today, and Charles Phillips, president of Oracle and a member of the board shared a preview with CNBC's "Squawk Box' team on Monday.
U.S. President Barack Obama said on Monday that the economy had recovered a lot of ground since January but more jobs would be lost before a full recovery is in place.
The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates.
In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi.... Read More