US Economy

R.J. Sangosti | The Denver Post | Getty Images
A crewman watches over water tanks used for hydraulic fracturing at an Anadarko Petroleum Corporation site near Brighton, Colo.

Fracking for oil and natural gas—or having enough water to drink. That’s the possible dilemma facing a number of countries including the United States, according to a new report released by the World Resources Institute last week—though experts disagree on the real implications of the report and what should be done about it. Forty percent of countries with shale-rich …

Scott Mlyn | CNBC
A shopper looks at Michael Kors handbags at Macy's in New York City.

U.S. consumer sentiment rose in September to its highest in more than a year on more upbeat views on the domestic economy in the coming year, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s preliminary September reading on the overall index on consumer sentiment came in at 84.6, the highest since July 2013, up from 82.5 in the …

Record crop forecast

Prices on same major grains may be heading lower right here at home. That’s because just today the government reported a bumper crop of corn, soybeans and what. With so much product coming out of U.S. farms, prices on those major crops all edged lower in trading today. So will record-setting crop yields translate into …

Economic indicators

There are some economic indicators you may not be aware of, but they’re closely watched by the Federal Reserve. Just days away from the Fed’s next policy meeting on interest rates and its monetary easing policies… Steve Liesman takes a look at exactly what those central bankers are looking at in that data.

Three reports to watch

There are three key economic reports to watch this week that most investors have never heard of.

Is it time to pay attention to global hot spots?

How important are all of the international cross currents for U.S. stocks and is it time for American investors to pay attention to trouble spots around the globe?

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Kieth Miller works on the assembly line building Victory motorcycles at the Polaris Industries factory on August 8, 2014 in Spirit Lake, Iowa

This is a breaking news story. Check back here for updates. Private sector job creation slowed a touch in August, missing expectations though roughly maintaining the pace of expansion so far in 2014. A report from ADP and Moody’s Analytics showed employment growth of 204,000 positions, off a touch from the downwardly revised 212,000 in …

Stock4B | Getty Images

Dorms are filling up, classes are starting, and Frisbees are flying above quads at colleges and universities across the country. But these familiar seasonal patterns don’t reflect how a growing number of students are starting the year. More and more older Americans are heading back to school, often part time or in the evenings, and …

Source: Robert Simons

Park City, Utah’s most popular ski resort is a mountain divided. The top—where the ski runs are—is owned by one company. The bottom—where public parking and the lifts start—is owned by another. Currently neither company is allowing the other access to its property. Because of this legal spat over big bucks and white powder, it’s …

CBO: U.S. economy forecast to grow by 1.5 percent in 2014

The Congressional Budget Office predicts the economy will grow by just 1.5 percent this year, far below White House forecasts.

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L.A Mayor Eric Garcetti on election day, May 201, 2013.

Los Angeles may soon be implementing one of the highest minimum wages in the country, at least if the city’s mayor has his way. The Los Angeles Times reports that Mayor Eric Garcetti is expected to announce on Labor Day a three-year plan to implement a $13.25 minimum hourly wage. That dollar figure would receive annual inflation-based increases, the paper …

Quake coverage

Early estimates put the damage from the Napa earthquake as high as $1 billion. If true, it could be one of the costliest earthquakes ever in the U.S. But as Mary Thompson reports, millions of California homeowners don’t have earthquake insurance, putting many of them on very shaky ground.

Stephen Lam | Reuters
An associate winemaker of Bouchaine Vineyards, surveys fallen wine barrels after a 6.0 earthquake in Napa, California August 24, 2014.

When a 6.0 magnitude earthquake struck Napa early Sunday, it caused significant damage to local businesses connected to the wine business. At Henry Hill & Company, a bonded wine warehouse, a roof caved in and sent full barrels of high-priced wine tumbling to a concrete floor below. “We’re wading around in a sea of Cabernet,” …

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A Walgreens store on June 19, 2012 in San Francisco, California.

Slowing economy? Not in San Francisco! I just returned from a week in the Bay Area, including a visit to Sonoma in wine country Thursday (where I missed the earthquake by a mere two days). The impact of the weekend earthquake has yet to be fully absorbed; nonetheless, during my visit I noted some interesting trends …

Tim Boyle | Bloomberg | Getty Images
A worker making parts for commercial coffee grinding equipment at the Modern Process Equipment manufacturing facility in Chicago.

U.S. economic activity expanded at a rate above its historical trend, a closely watched gauge issued by the Chicago Federal Reserve said on Monday. The Chicago Fed’s National Activity Index rose to 0.39 in July, up from 0.21 percent in the previous month. Any figure above zero indicates the economy is expanding faster than its …