The Economy

FED Warns of Fiscal Tightening in 2013

The Federal Reserve warns Wednesday of fiscal tightening in 2013 if Congress doesn't plan a budget.

China Cuts Bank Reserve Ratio

Attempting to spur lending and revive its flagging economy, China cuts reserves banks must maintain.

Jobless Claims Fall 1,000 to 367,000

Jobless claims for the week ended May 5 fall 1,000 to 367,000.

U.S. Nonfarm Payrolls Rise 115,000

The U.S. work force added 115,000 jobs in April; the unemployment rate was 8.1%.

Bank Stocks to Have 'Long, Hot Summer': Bove

Dick Bove says this summer could require a strong stomach for those who followed the advice to buy bank stocks.

Fed Sticks With Status Quo

The central bank makes no significant changes in its most recent policy meeting.

'This Is Not a Recovery at All': Stanford's Lazear

The U.S. economy grew at a rate of 2.4 percent since late 2009, which hardly represents a comeback

Fed's Fisher Changed Vote on Crisis Rates Over Lunch

Fisher initially provided the only "No" vote on a motion before the Federal Open Market Committee

Goldman CFO, JPMorgan's Dimon Differ on Euro Fix

Goldman breathes easy as Dimon sees short-term fix.

10 Signs That the Job Market Is Improving

Job growth hasn't been as robust as many were hoping for but this is America, where anything is possible.