Reports indicating a stumbling economy have prompted a whirlwind of talk from Republicans, economists and President Obama on just how to right the economy once and for all. According to Labor Department figures, May payrolls grew at the slowest pace in eight months. Further government data indicates that the economic recovery is slowing. In responding [...]

Just about everyone has an opinion on how to jump start the stagnant U.S. economy, including presidential hopefuls and big business CEOs. While unemployment and the housing market continue to bring down a healing economy, you can now add gas prices to the mix. So what’s the solution in getting back on track? Depending on [...]

It appears that low interest rates, refinancing and other government measures aimed at reducing mortgage debt are working. The latest report from the Bureau of Economic Analysis (BEA) finds that total U.S. home mortgage debt during the first three months of 2011 is $10.3 trillion, compared with $11 trillion in mid-2008. Even better news, Americans [...]

Experts are weighing in on whether the death of Osama bin Laden is just what the world needs to boost economic recovery. While some economists see the al Qaeda leader’s death as a game changer for the global economy, others see it simply as having a temporary effect on the markets. “The nation finally caught [...]

For the second month in a row, employment figures in the U.S. rose, while the jobless rate dropped to 8.8 percent, the lowest since March 2009. The latest statistics from the U.S. Department of Labor show the private sector added 240,000 jobs in February and 230,000 in March. In addition, nonfarm payrolls jumped 216,000 in [...]

Remember the political catch phrase, “It’s the economy, stupid,” used by Bill Clinton during his victorious 1992 presidential campaign against President George H.W. Bush? Well, if results from a recent poll are any indication, expect Republicans to dust off the successful slogan and use it freely during the 2012 elections to take control of the [...]

Although the March 11 earthquake and tsunami in Japan will hurt the country’s already struggling economy, economists are optimistic that the impact to the global economy will be minimal. Japan’s government leaders met days after the quake to assess economic damage, with Chief Cabinet Secretary Yukio Edano declaring that, “The quake is expected to have [...]

‘It’s not much, but it’s something’ best describes the expected economic growth for 2011. During a recent speech at a global finance conference in New Delhi, India, Terrence Checki, executive vice president at the Federal Reserve Bank of New York, said the U.S. economy is expected to grow 3.5% to 3.9% in 2011. “The economy [...]

The Obama administration says the country is on the road to economic recovery from what is being called one of the worst recessions in decades. But the majority of Americans are not experiencing a renewed economy just yet. A CBS News poll finds that 57 percent of Americans do not think things are getting better [...]

President Obama is putting the nation’s economic woes on the backs of businesses, urging them to start hiring in an effort to grow the economy. In a speech to U.S. Chamber of Commerce members, Obama stressed to business members that “we can and must work together” to promote economic growth, adding that “businesses also have [...]

The economy is getting a big helping hand from an unexpected source – private equity. This is cash that professional investors receive from hedge funds, pension funds, insurance companies and the like and invest into businesses that they feel have the potential to improve or grow. “These people are experts at helping companies grow to [...]

In 2009, the global economy appeared to be recovering quite nicely from the ’08 Sub-Prime Mortgage Crisis.  By March of 2009, the recession seemed to bottom out—equity markets began to rally, unemployment began to fall, and economic growth resumed.  It appeared that the global economy had weathered the worst of the Crisis.  Investor sentiment was [...]

The senate on Thursday confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The vote came after quite a bit of fuss about “bank bailouts” and one attempted filibuster and represents the closest confirmation vote ever for a Federal Reserve chairman. Americans are upset about what they feel was a bailout [...]

If you watch the financial news channels or read the business section of your local newspaper, you may have noticed something that is important to you as you make financial decisions: nearly all of the business news that you will read, view, or hear is sensationalized. Don’t take my word for it. As I write [...]

U.S. retailers are expected to file for bankruptcy protection after a poorly performing holiday buying season according to the Wall Street Journal This Morning Podcast. Some of the retailers expected to file are retailer Loehmann’s, pharmacy Duane Reade, and jeweler Finlay Enterprises.

The Labor Department released its monthly jobs report this morning, and number certainly don’t look promising. The good news, however, is nobody thought they would look promising, so it’s no shocker. In fact, analysts polled by Reuters were predicting heavier job losses. December Unemployment at 7.2% December’s jobless rate came in at 7.2%, up 0.4% [...]

According to an ADP report released today, December saw the loss of 693,000 private, non-agricultural jobs in the United States. November saw 476,000 jobs lost. Forecasts saw the numbers to be a bit better, ranging from 250,000 to 550,000 jobs lost. Important to note, however, is that December is the first month the ADP has [...]