Economy

Find the latest economic news, current events and headlines, as well as blogs and video from CNBC.com.




Mon, 30 Nov 2020 20:19:24 GMT
Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog says
Mistakes have moved in both directions, with recipients sometimes undercounted and at other times overcounted, according to the GAO.
Mon, 30 Nov 2020 17:24:29 GMT
October pending home sales fall unexpectedly, as high prices take their toll on buyers
Strong, pandemic-induced demand for housing is still there, but buyers may now be hitting an affordability wall.
Wed, 25 Nov 2020 18:51:40 GMT
Another record low mortgage rate just caused demand to jump for both refinances and home purchases
Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage applications to rise.
Wed, 25 Nov 2020 16:59:27 GMT
Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases
Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones.
Fri, 20 Nov 2020 16:47:03 GMT
JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge
Wall Street had been expecting a positive first quarter and improving growth next year.
Thu, 19 Nov 2020 18:39:36 GMT
October existing home sales see 'spectacular' 26.6% annual gain even with short supply and surging prices
Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually.
Thu, 19 Nov 2020 15:59:32 GMT
Jobless claims filings pick up amid continued struggles for labor market
First-time filings for unemployment benefits totaled 742,000 last week vs. the Wall Street estimate of 710,000.
Tue, 17 Nov 2020 14:39:05 GMT
Bostic says Fed's tools still have 'juice' and will be used if the economy slows
Even with the prospects of at least two vaccines, Bostic said there are multiple pockets of the economy that will need assistance.
Thu, 12 Nov 2020 18:43:31 GMT
Here are the things that scare Jerome Powell the most about the economy right now
Powell said he worries about women, children and business owners who face long-term consequences from the coronavirus.
Thu, 12 Nov 2020 14:43:20 GMT
Weekly jobless claims fall again in another sign of labor market improvement
Jobless claims totaled 709,000 last week, below the 740,000 Wall Street forecast.