Holly Ellyatt, NBR, CNBC.com’s Posts

Standard & Poor’s (S&P) credit ratings agency has lowered its U.S. growth forecast warning of “significant downside risks” from federal spending cuts. “We’ve lowered our forecast for U.S. GDP growth in light ofthe additional sequester spending cuts in 2014 as well as the potential for another political standoff in Washington after the October government shutdown,” …

Fast food workers from 100 cities across the U.S. are expected to stage a mass strike on Thursday, marking the largest ever push for higher wages. Workers in the industry are demanding that their wages be raised to $15 per hour from the current level of $7.25, the federal minimum wage, a move that is …

Consumers are expected to take to the Web to get the best deals delivered in time for Christmas on Monday in what is expected to be the busiest online shopping day of the year, but it may not be all good news for retailers. Analysts warn that the latest retail data show average spending over …

The euro zone’s economy slowed in the third quarter, sending a worrying signal to other global economies that demand from one of their biggest trading partners could fall back. The annual gross domestic product of the 17-country group grew by just 0.1 percent in the third quarter of 2013, marking a slowdown from an expansion …