US Economy


President Barack Obama said Thursday that American companies performing tax “inversions” are not doing right by their country. Obama said that these companies, which buy foreign firms to technically change their tax domicile to a country with a lower tax rate, benefit from America’s university system and infrastructure, but then turn around and “game the system.” …

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Job seekers wait to meet with a recruiter during a career fair in San Francisco.

The U.S. economy has churned out some pretty encouraging news lately, but plenty of skeptical Americans still have much anxiety about this recovery. Major questions remain about certain aspects of the health of the economy, including stagnant wage growth, unemployment and corporate taxes. (Watch President Barack Obama discuss the state of the American economy in …

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Grapevines in Healdsburg, Calif., soak up ground water as Northern California’s Wine Country prepares for the 2014 harvest.

The California drought will cost the state $2.2 billion and put some 17,000 agricultural workers out of a job this year, according to a new report. But despite the dire numbers, the situation could be worse for consumers if it wasn’t for the increased use of the state’s ground water, said one of the report’s authors. …

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A view of Phoenix at dusk

Phoenix is a lesson in housing abuse. From boom to bust, to recovery to relapse, Phoenix housing is forever rising and falling, and now it is falling again. The rest of the nation should take notice. “We tend to be a little bit more extreme, more volatile than the rest of the country, but usually …

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As the national debate continues over whether to raise the federal minimum wage of $7.25 hour, there are more than a million workers making ends meet on the tipped minimum wage, which starts as low as $2.13 an hour. The law requires employers to make up the difference if bad tippers keep a worker from …

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Traders work on the floor of the New York Stock Exchange.

Although economists have trimmed their estimates for second-quarter U.S. gross domestic product (GDP) growth, they don’t believe the economy will hit a recession this year or next. The National Association for Business Economics’ Outlook survey of 50 economist, taken just days after the release of the June jobs report, also found economists believe the Federal …

Wal-Mart’s ‘Made in USA’ push

Wal-Mart is hosting hundreds of entrepreneurs looking to sign a deal with the retailer to get their products on its shelves.

Jobs or GDP?

Some economists are debating whether job growth or economic growth is the more important number to keep an eye on.

Will stocks continue higher?

Vice chairman of Blackstone Advisory Partners Byron Wien says there’s very little that can stop stocks from going even higher. He thinks the U.S. economy and economies around the world are going well.

Economic outlook

Steve Forbes, chairman and editor in chief of Forbes Media offers his take on the health of the economy.

Second half outlook: economy

Are we on track for stronger economic growth in the second half of the year?

Markets & the Economy

John Manley, chief equity strategist at Wells Fargo Funds offers his take on the health of the economy and the markets.

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In what may be a good indication of the nascent economic recovery, this year’s Fourth of July barbecue is shaping up to be the most expensive ever. Days before America’s favorite grilling holiday, the price of retail ground beef has sailed to an all-time high of nearly $4 per pound, according to the Bureau of …

Stefanie Smith | CNBC
Governor Chris Christie

From revenue shortfalls to a pinched pension system, the fiscal woes facing the state of New Jersey are so serious that if not dealt with swiftly, it could “eat us alive,” Gov. Chris Christie told CNBC on Tuesday. Read More Are public pensions headed for another disaster? The Republican governor appeared on “Squawk Box” the day after signing …

Reverse Robin Hood?

Wall Street was buzzing about some provocative comments from former Federal Reserve board member Kevin Warsh who described the Fed’s easy money policies as benefiting the rich at the expense of the poor. Warsh suggested that raising benchmark interest rates would help jump-start business investment and speed up economic growth.