US Economy

Hotel industry summit

Simon Hobbs is at the Americas Lodging Investment Summit where executives are very optimistic about the hotel industry’s future.

Adam Jeffery | CNBC
A delivery man weathers the storm during a blizzard in New York.

This week’s winter storm fell far short of its “historic” billing, but the financial losses from the response could be much more severe. Although firm estimates will need to gauge how quickly businesses are able to reopen after a driving ban and public-transportation stop ground much of the region’s economies to a halt, it is …

Economic impact of winter storms

A blizzard has hit one of the country’s major economic arteries, but as Steve Liesman explains, the storm may not be a record breaker for the economy.

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A gas station advertises gasoline for $1.68 a gallon in Dellwood, Mo., Jan. 20, 2015.

The falling price of oil and other raw materials will continue to boost the bottom lines of American companies this year, according to a recent survey of business economists. And there are signs that the stronger job market may soon begin fattening workers’ paycheck, according to the National Association for Business Economics. “There are strong …

State of the Union 2015: the President’s proposals

The President addresses the American people outlining new economic proposals that could impact your money.

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In the heart of Silicon Valley, there’s been a big jump in the price of small houses. Palo Alto, California, is one of the most sought-after communities in the Bay Area, with its elegant downtown, respected schools, and proximity to the headquarters of technology giants such as Facebook and Google. In fact, demand is so strong …

Consumer prices drop most in six years

Consumer prices fell by 0.4 percent and that could make the Federal Reserve’s decision on when to hike interest rates a lot more complicated.

Brian Snyder | Reuters
Shoppers in the parking lot of a Walmart store in Massachusetts.

A year in which the U.S. economy was supposed to turn the corner and lead the world sure has started out in bumpy fashion. Retail sales, manufacturing and inflation readings sputtered into the end of 2014, according to reports released this week. Meanwhile, weekly jobless claims jumped back above 300,000 and a new study called a …

Peter Foley | Bloomberg | Getty Images
A customer looks at boots at a Macy's store in New York.

Consumers started the year feeling very upbeat about the economy, with the sentiment index hitting its highest level since 2004. The preliminary January reading of the University of Michigan/Thomson Reuters consumer-sentiment index jumped up to 98.2, marking an 11-year high, from a final December reading of 93.6. Analysts polled by Thomson Reuters forecast preliminary consumer …

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A transmission for a Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

Job creation kept the pace in December, with the U.S. economy creating 252,000 jobs to close out the year, while the unemployment rate dropped to 5.6 percent. The U.S. was expected to create 240,000 jobs in December, after adding an unexpectedly strong 353,000 jobs the prior month. The unemployment rate was seen falling to 5.7 percent …

Sam Edwards | Getty Images

For many investors, last year’s stock market gains helped make up for the heavy losses inflicted by the 2008 financial collapse. But it turned out to be a lousy year for private pension funds, which lost ground on their funding levels. After gradual progress rebuilding the funds they need to pay retirees, the average private …

Franchise economy

Franchises are expected to see a lot of growth in 2015. Kate Rogers tells us which types of franchises will grow this year.

Daniel Acker | Bloomberg | Getty Images
A man walks past a sign at the entrance to a Princeton Area Chamber of Commerce job fair in Princeton, Illinois.

Private-sector job creation popped in December, with companies adding a better-than-expected 241,000 workers, according to payroll processor ADP. The count topped economist estimates, according to Reuters, of 226,000 and helped continue a trend of solid aggregate job numbers. Services led the way, adding 194,000, while goods-producing industries contributed the remaining 46,000, according to the report …

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An employee helps a guest with his bags at the Waldorf Astoria, on October 6, 2014 in New York City.

The Institute for Supply Management services index fell more than expected in December. The ISM non-manufacturing index hit 56.2 in December, versus the 58.5 estimate, based on analysts polled by Thomson Reuters. In November, the index figure came out to 59.3. The index measures the growth of economic activity in the U.S. services sector. A …

Economy in focus at the AEA conference

Steve Liesman reports from the biggest economic conference of the year where he talked to some of the brightest economic minds about weakness overseas and the potential impact on the U.S.