CNBC Economic News


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Updated: 4 hours 40 min ago

Stocks Could Rally On as Traders Watch Bernanke, Earnings

Fri, 02/03/2012 - 19:32

“There’s no fear in this market right now. They’ve absolutely crushed volatility,” one options trader said. In the week ahead, traders will be watching testimony from Bernanke and earnings from Coke, Disney & more.

Unemployment Rate Hinges On Much More Than Hiring

Fri, 02/03/2012 - 15:43

When the unemployment rate declines, it's not always because many more people were hired. The unemployment rate can rise or fall even when no jobs are created or lost. Here's why.

How Did the Fed Get It So Wrong?: Greenberg

Fri, 02/03/2012 - 12:07

With Friday’s strong employment and manufacturing numbers, the most obvious question (to me, at least!): How did the Fed get it so wrong?

China Cabinet Economist Warns of 'Deflation' in 2012

Fri, 02/03/2012 - 02:49

China's headline consumer price index (CPI) is on track to fall on a month-to-month basis in the coming months and mark a year-on-year decline in the second half of 2012, a government economist said in comments published on Friday.

ECB Must Be 'Mobilized' for Debt Deal: Greek Finmin

Fri, 02/03/2012 - 02:15

The European Central Bank must take part in Greece's debt swap, Finance Minister Evangelos Venizelos said on Thursday, warning that a rescue package for Athens also hinges on other issues being resolved such as labor reforms and how Greek banks are to be recapitalized.

UK Economy in Mild Recession: Think Tank

Fri, 02/03/2012 - 00:52

Britain's economy has entered a mild recession and will shrink in 2012, a leading think-tank said in a report on Friday, urging the government to boost near-term spending to prevent long-term damage from higher unemployment.

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