Why small firms are less wonderful than you think
PEOPLE find it hard to like businesses once they grow beyond a certain size. Banks that were “too big to fail” sparked a global economic...
Portugal is likely to be the next to restructure its debt and exit the euro zone, economist Nouriel Roubini predicted on CNBC Friday.
There are several euro-zone countries in trouble, including...
The slow melt-up in employment continued during February as the economy added 227,000 new jobs while the unemployment rate held flat at 8.3 percent.
With warm weather helping to spur activity and...
The trade deficit in the U.S. widened in January to the largest since October 2008 as imports rose to a record high.
The gap increased 4.3 percent to $52.6 billion, more than forecast, from a...
The European Central Bank lowered its euro zone growth forecast after holding interest rates at record lows on Thursday, and said things would have been much worse without its dramatic action to pump...
The DOL reports:
In the week ending March 3, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 8,000 from the previous week's revised figure of 354,000. The...
ADP reports:
Employment in the U.S. nonfarm private business sector increased by 216,000 from January to February on a seasonally adjusted basis. The estimated advance in employment from December to...
The trade deficit widened slightly more than expected in December, and the bilateral trade deficit with China last year soared to a record high $295.5 billion.
The monthly trade gap swelled to...
Homeowners who kept up on their payments would lose while those who fell behind would win under an apparent deal between big banks and state governments, banking analyst Dick Bove said.
The...
Saying President Obama has "shown no ability to lead," former General Electric chairman Jack Welch gave CNBC his own three-part prescription Thursday for improving the U.S. economy.
Start with...
Barack Obama's jobs plan may be one of the worst policy proposals I've ever seen.
As I pointed out last week, the plan to "pay for" the jobs proposal with tax hikes is just lunacy. It eliminates...
A value-added tax (VAT) that would come with the elimination of corporate and individual income taxes is the best way to get jobs rolling in the U.S., investor Wilbur Ross said.
While the plan...
New international bank capital rules are “anti-American” and the US should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, has...
Jobs creation remains weak, because temporary tax cuts, stimulus spending, large federal deficits, expensive and ineffective business regulations, and increased health care mandates and costs do not...
