Two Federal Reserve presidents who differ over the need for more stimulus emphasized that monetary policy remains accommodative, less than a week after a timeline to reduce bond purchase jolted financial markets.
Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market.
James Ensley of Rocky Face, Georgia, took a $10,000-a-year job last month as a school-bus driver after almost two years of unemployment benefits ran out. While that’s a third of his prior pay as a warehouse manager, the father of two says he’s content.
Charles Lieberman, chief investment officer at Advisors Capital Management LLC, talks with Bloomberg's Pimm Fox, Joe Brusuelas and Bloomberg Businessweek's Peter Coy about the U.S economy and today's November jobs report. This includes Fox's commentary, ``Tomorrow's News Today.''
New Jersey is among the slow- population-growth states in the U.S., and an analysis of economic data shows that it shares a trait with other Northeastern states losing political power: high income taxes.
Greek opinion polls showed voters warming to parties supporting the European Union’s bailout agreement as political leaders at home and abroad warned of economic catastrophe should the single currency fragment.