Economy - Most Commented

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Oil, gas prices should remain relatively steady

Dec 14, 2011
The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.
Posted In: Oil, gas prices, OPEC

PODCAST: OPEC reaches a deal, iPads in the cockpit

Dec 14, 2011
Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
Posted In: OPEC, euro

Federal Reserve could begin plans to raise interest rates

Dec 13, 2011
Federal Reserve officials are expected to announce that they will keep interest rates near zero, a level that has remained steady since the financial crisis
Posted In: Federal Reserve, quantitative easing

Could Europe be heading for a permanent recession?

Dec 13, 2011
The deal European leaders struck for greater fiscal unity could also stunt growth in the long-term.
Posted In: Europe debt crisis, recession, fiscal union

Gary Shilling: Unlikely Fed will make a move yet

Dec 13, 2011
Former Fed economist Gary Shilling says it is unlikely the Fed will change the zero percent interest rate anytime soon, and when it does, the shift will be more the effect than the cause of a booming economy.
Posted In: Federal Reserve, interest rates

Americans spending more on cars, clothing and furniture

Dec 13, 2011
American consumer spending is up, but shoppers are more conscious this time around -- and Black Friday might have been the high point of spending for a while.
Posted In: holiday shopping, retail sales, holiday discounts

PODCAST: Six months of rising sales, raising a glass of bubbly

Dec 13, 2011
The Federal Reserve officials meet today to discuss the slow domestic recovery, the ongoing crisis in Europe, and a plan for better communication surrounding its actions. In Russia, billionaire Mikhail Prokhorov announced he will run for president against Vladimir Putin in next spring's elections. Wall Street types can expect smaller bonuses this year, but many are thankful to just have a job.
Posted In: champagne, retail sales, Russia

Despite reports, odds still stacked against job seekers

Dec 13, 2011
A recent report from the Department of Labor has job listings up sharply over two years prior, but with unemployment at 8.6 percent, job openings are not plentiful.
Posted In: jobs report, Labor Department, Unemployment

David Cameron in the 'doghouse' with euro peers

Dec 12, 2011
The United Kingdom walked away from an agreement with the rest of Europe to adhere to more fiscal scrutiny. The country's prime minister says the decision was to protect the financial sector of the country.
Posted In: Europe debt crisis, Britain, david cameron

What will the euro deal to do growth?

Dec 12, 2011
Most of the leaders of Europe agreed to a deal on Friday to help solve the crisis there. But will austerity measures also stunt growth?
Posted In: Europe debt crisis, austerity

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