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Philly Fed’s Harker sees three US rate hikes 2017

Philadephia Federal Reserve President Patrick Harker said he expects three interest rate increases in 2017 if the labor market improves.
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US jobless claims fall unexpectedly in latest week

The number of Americans filing initial claims for unemployment benefits fell unexpectedly last week back to near the lowest levels in [...]

US housing starts rebound strongly in December

U.S. homebuilding rebounded more than expected in December, suggesting that the housing market contributed to economic growth in the fourth quarter. [...]

Morgan Stanley CEO says 4% growth unlikely, even with Trump policies

Morgan Stanley Chairman and CEO James Gorman appeared on CNBC's "Squawk Box" on Thursday from the World Economic Forum in Davos, [...]

China says can resolve trade disputes with new US government

China and the United States can resolve any trade disputes through talks, the government said on [...]

The Fed may be headed for a clash with Trump…but not over interest rates

The bond market is worried that if Donald Trump succeeds in stimulating the economy, it could mean he will clash with the [...]

US industrial production grew 0.8 percent in Dec. vs estimate of 0.6 percent increase

U.S. industrial production rebounded in December due to the biggest jump in utilities since 1989 as temperatures cooled across the [...]

Consumer prices rise on higher gasoline, rent costs

U.S. consumer prices rose in December as households paid more for gasoline and rental [...]

Brainard joins Fed chorus warning about fiscal stimulus risks

A leading proponent of low interest rate policy at the Federal Reserve said the U.S. central bank might hike interest rates more [...]

Presidents have less power over the economy than you think

Presidents can certainly influence the economy, but they can't control it, New York Times correspondent Neil Irwin [...]

Lew defends Obama economy: ‘We have done a lot’

Lew defends the Obama administration's economic record, insisting that the past eight years have seen real gains.
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Most small-business owners are optimistic about Trump and repealing Obamacare

Main Street hopes for a less expensive, less complicated alternative to the Affordable Care [...]

Cramer says Trump is ready to play hardball with China on trade

Cramer responds to comments made by Chinese President Xi Jinping on globalization at the World Economic Forum at [...]

‘Free trade is always better than no trade’: JPMorgan International Chairman Jacob Frenkel

The contentious rhetoric around free trade will quiet down once its benefits are realized, Jacob Frenkel [...]

New GM investment adding 1,500 jobs following Trump attack

General Motors, one of automakers criticized by President-elect Trump, is adding 1,500 jobs in the U.S. as part of its plans for an additional $1 billion investment in U.S. manufacturing [...]

Investors pumped up over Trump economy, survey says

Professional investors entered a new day for U.S. politics with high expectations tempered with [...]

‘A.I. already is in so many things,’ Salesforce CEO Benioff says

New developments in technology always cut jobs, but they will add more as they evolve, Salesforce's Marc Benioff [...]

Fed’s Dudley sees low chance of Fed snuffing out expansion soon

William Dudley is president and CEO of the Federal Reserve Bank of New York and a voting member on the Fed's policy-setting [...]

Bank of America CEO: Trump-inspired economic optimism and ‘hard work’ has boosted our business

The prospect of stronger economic growth and higher interest rates have had a big, positive impact, Brian Moynihan tells [...]

Wal-Mart to add about 10,000 retail jobs in the US

Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing [...]

Hyundai Motor announces $3 billion US investment

The move follows threats by President-elect Donald Trump to tax vehicles built in [...]

More pay, greater confidence lifts December retail sales

Americans stepped up their auto buying and holiday shopping in December, reflecting a boost in confidence after the election and a solid increase in hourly [...]

US Producer Price Index rose 0.3% in Dec, as expected

US wholesale prices rose 0.3 percent in December, led higher by more expensive gas, food and [...]

Fed’s Evans says labor constraints may doom bid to boost economy

Aggressive fiscal policies would raise inflation risks unless coupled with strategies to boost productivity or expand the labor market, Chicago Fed President Charles Evans [...]

HUD nominee Dr. Ben Carson refuses to promise that HUD money won’t go to Trump empire

Trump HUD nominee Ben Carson did promise to "not play favorites for [...]

US weekly jobless claims rise less than expected

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted [...]

US import prices rise on petroleum

U.S. import prices rose in December, boosted by higher prices for petroleum products, but a strong dollar kept underlying imported inflation in [...]

Fed’s Harker: ‘Considerable strength’ in the economy, 3 rate hikes appropriate

Philadelphia Federal Reserve President Patrick Harker says three interest rate hikes this year would be [...]

Fed’s Bullard to Trump: Enough with pro-growth promises, the markets want action

Bullard tells CNBC the 10-year yield is settling down, as markets look to Trump to deliver on growth [...]

Trump’s tax cut plans may pressure US credit rating: Fitch

U.S. President-elect Donald Trump's plans to slash taxes could threaten the country's triple-A credit rating over the medium term, Fitch [...]

Job openings in November at 5.5 million, hires and separations little changed

Economist had expected monthly job openings to be 5.56 million, according to Thomson [...]

Optimism on Main Street surged in December on hopes for changes under Trump: NFIB

Small business sentiment soared to a 12-year high in December, as business owners looked forward to much better business [...]

Three ways Beijing could retaliate against Trump’s get-tough trade policies

China's leadership is debating responses to the president-elect and his proposed get-tough trade [...]

Trump’s trade policy is ‘economic equivalent’ to denying climate change, Larry Summers says

The former Clinton Treasury secretary and ex-Obama economic advisor blasts an analysis by top Trump [...]

Wholesale inventories post biggest rise in 2 years

The Commerce Department said on Tuesday wholesale inventories rose 1.0 percent after slipping 0.1 percent in October. That was the largest increase since November [...]

PRO Uncut: Larry Summers on why Trump’s tax reform plan won’t work

Former Treasury Secretary Larry Summers explains why Trump's tax proposals could be detrimental to the economy. [...]

Speed bump: Auto loan, credit card delinquencies rise

Consumers have been taking on more debt, and they are not paying it off every [...]

Fed’s Rosengren says ‘gradual but somewhat more regular increase’ in rates warranted

Boston Fed President Eric Rosengren called for the Fed to step up its pace of rate increases from the once-a-year pattern it has pursued since [...]

The bull market is in its final inning, one trader says, and a recession is on the horizon

Sven Henrich believes the bull market is on its last legs, and a recession is soon to [...]

US trade deficit climbs to $45.2 billion in November

Imports of oil and other foreign goods increased, while American exports fell for a second [...]

Top 10 jobs that pay over $100,000 and are hiring

You don’t have to become a surgeon or a pro athlete to make six figures in the year ahead. [...]

The government says unemployment rose in December — but the more realistic rate is even higher

The Labor Department says unemployment is at 4.7 percent, but there's more to the story than that one [...]

Wages jump in December even as job growth disappoints

Payrolls grew by 156,000 jobs in December, closing out a year in which employment growth moderated and the economy showed signs of entering a new phase.
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Trump’s tweets aside, automakers are fastest US job creators under Obama

Despite Trump's public shaming, the American auto industry has been adding U.S. jobs faster than other major [...]

Wall or no wall, Border Patrol plans big hiring in 2017

As the Trump era promises more focus on border issues, the Border Patrol has ambitious goals to hire 1,700 more agents this [...]