US Economy

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Economists believe the market is underestimating the odds of a 2016 rate hike, but investors have been burned by mixed signals, Drew Matus says.

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While 2016’s anemic growth level isn’t an automatic disqualifier for an interest rate increase, the bar just got a little higher.

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With the collapse in crude prices, lower oil revenues are hitting Alaska hard. Roughly 90 percent of the state government and one-third of all state jobs comes from oil money.

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With the nation’s political future still uncertain, vacation homebuyers are leery of the economy to put money down on a discretionary purchase.

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An analysis of the GDP reports suggests errors that should give investors, business executives and policymakers pause in relying on the data.

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Ogden has been working on remaking itself for the last 16 years, continuously tweaking its “Renaissance Plan,” which was developed after the city was chosen to host the downhill ski events for the 2002 Olympics.

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Despite worries of an economic downturn, the franchise industry is poised for another year of growth in 2016.

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Private companies created far more jobs than expected in December, a bright sign for an economy that has been otherwise struggling, according to the latest numbers from ADP and Moody’s Analytics.

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For some people, higher interest rates stand to be a very good thing indeed. It just may not be the people who usually benefit when rates rise, at least in the short run.

Mark Boster | Los Angeles Times | Getty Images
A Los Angeles School Police officer checks-in with officials at the LAUSD Gardena Garage where the fleet of school buses from around the district remian parked while law enforcement investigate a threat against the district December 15, 2015.

Los Angeles’ abundance of caution on Tuesday may have cost the city a lot of money. The Los Angeles Unified School District (LASUD) — the second-largest school district in the country — closed its more than 900 campuses and 187 public charter schools Tuesday after receiving an electronic bomb threat, keeping about 640,000 students out …

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The Federal Reserve’s Open Market Committee meets for the final time this year on Wednesday, and is widely expected to announce the first interest rate hike since 2006. The expectation has been based on Fed Chair Janet Yellen’s oft-repeated stance that she’d like to see rates rise before the end of 2015. Higher interest rates …

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Middle class Americans are now outnumbered by those above and below them and are “falling behind financially”, according to new analysis of government data by the Pew Research Center. The beginning of 2015 saw 120.8 million adults living in middle-income homes, compared with 121.3 million Americans living in lower and upper income households, a significant …

Economic survey results

Americans are less optimistic on the economy this holiday season.

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Holiday shoppers at Macy's in New York.

As Americans head to the malls this holiday shopping season, they are less optimistic on the economy than they were a year ago, and that could depress their spending plans. The CNBC All-America Economic Survey finds that just 22 percent of the public sees the economy improving, a 5-point drop from more buoyant levels a …