David M. Rubenstein, Co-Founder and Co-Executive Chairman of the Carlyle Group.David A. Grogan | CNBCDavid Rubenstein, co-founder of the Carlyle Group, told CNBC on Thursday that the biggest economic risk is high unemployment, not some areas of the...
Jobless claims fell sharply last week despite brutal winter storms in Texas and other parts of the south, the Department of Labor reported Thursday.Initial jobless claims for the week ending February 20 totaled 730,000, well below the Dow Jones...
A home sale sign for real estate shows the home is under contract on November 19, 2020 in Washington, DC.Saul Loeb | AFP | Getty ImagesDecember is usually the slowest month for the property market, but price...
Jerome Powell, Chairman of the U.S. Federal Reserve Bank, speaks at a news conference in Washington, DC on December 11, 2019.Eric Baradat | AFP | Getty ImagesInflation and employment remain well below the Federal Reserve's targets, which...
Initial unemployment insurance claims rose last week amid ongoing conflict over the labor market.The new claims stood at 861,000, their highest level in a month and above the Dow Jones estimate of 773,000, the Department of Labor reported Thursday.Markets...
Treasury Secretary Janet Yellen said Thursday a big stimulus package was still needed to get the economy going again, although momentum suggests growth will start faster than expected in 2021.In a CNBC interview, the Biden administration's business leader said...
In Macy's Herald Square store in New York, people are counting money.Andrew Kelly | ReutersTotal consumer debt rose to nearly $ 14.6 trillion by the end of 2020, driven by a record surge in mortgages in the red-hot...
A contractor works in the basement of a home under construction in the Toll Brothers Regency in the Palisades community of Charlotte, North Carolina.Luke Sharrett | Bloomberg | Getty ImagesBuyer demand for newly built homes continues to...
Consumers flocked to spend their stimulus checks in January, sending retail sales up 5.3% for a month in a blockbuster start through 2021, according to a government report on Wednesday.Economists polled by Dow Jones expected an increase of only...
Traders on the floor of the New York Stock ExchangeSource: The New York Stock ExchangeAccording to Carl Weinberg, chief economist at High Frequency Economics, inflation expectations are becoming detached from reality, which means that the markets may outplay the...

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