US Economy

Fracking causing earthquakes?

Oklahoma has found itself at the epicenter of a debate about fracking and earthquakes.

Andrew Harrer | Bloomberg | Getty Images
Stanley Fischer

Although the first quarter of the year was “poor,” an economic rebound is already underway in the U.S., according to Federal Reserve Vice Chair Stanley Fischer. The central banker acknowledged in a Thursday interview that most expect the Fed to raise interest rates sometime this year, but he attempted to assure markets that such a …

Harriet Taylor | CNBC
Signs referring to the water shortage in Kettleman, California's Central Valley.

If you tuned in to talk radio in Los Angeles last week, you might have heard some screaming. “The farming industry is using 80 percent of the water, and they’re 2 percent of the economy, justify that!” shouted John Kobylt of KFI radio’s “John and Ken Show.” Kobylt was ripping into Brad Gleason, who manages …

Kate Rogers | CNBC
Jeniece Andrews, owner of Hidden Treasures.

After months of burned-out buildings lining the streets, the city of Ferguson, Missouri, has reached a milestone in the recovery process: demolishing buildings that had been damaged in the aftermath of the killing of Michael Brown. The August killing of the unarmed black teen by white officer Darren Wilson, and a November decision not to …

Where Clinton and Rubio stand on economic policy

Hilary Clinton and Marco Rubio have very different ideas on economic policy. John Harwood tells us where their focus could be.

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Every year, the Federal Reserve takes it upon itself to conduct stress tests of the nation’s biggest banks, measuring them for how well they would hold up under the weight of another crisis the likes of which engulfed the financial system in 2008 and 2009. The results purport to give a clear picture of the …

The price of potholes

With so many craters on the road, states and municipalities are finding out that it’s pricey to fix potholes.

Lucy Nicholson | Reuters
Attendees pick up leaflets at a military veterans' job fair in Carson, California.

The job market may be cooling off, but the pace of hiring is still strong in some parts of the country. The latest monthly job numbers showed a marked slowdown from the sustained hiring spree that began last year. The government’s official tally last week showed that just 126,000 jobs were created in March, a …

Survey shows economic optimism

According to the results of the most recent CNBC All-American survey, more people feel optimistic about the U.S. economy.

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A customer prepares to pump gasoline at a Chevron gas station in San Rafael, Calif.

Americans are finally aware they have more money in their pockets from cheaper gasoline prices, and they are putting it to use at a faster pace. The most recent CNBC All-America Economic Survey shows a major shift in attitude among consumers in just three months. Conducted March 26 to 29, the study found that 56 …

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A worker polishes a 2015 Ford Mustang on Aug. 28, 2014 in Flat Rock, Mich.

U.S. job openings rose to a 14-year high of 5.1 million in February and beat estimates, the U.S. Bureau of Labor Statistics reported Tuesday. Economists had expected job openings to hit 5 million in January, according to a consensus estimate from Thomson Reuters. February’s numbers increased by 168,000 from 5 million job openings in January. …

Jobs report fallout

Why is bad news for the economy so often good news on Wall Street?

Bovib | Wikipedia
A desalination plant in Carlsbad, Calif.

California boasts the eighth-largest economy in the world and technology prowess that helped develop—among many other things—desalination in the 1950s. The Golden State also has more than 800 miles of coastline with limitless supplies of seawater from the Pacific Ocean. But a combination of economic, environmental and regulatory hurdles remain before widespread use of desalination …

Andrew Harrer | Bloomberg | Getty Images
William C. Dudley, the Federal Reserve Bank of New York

Whether or not March’s jobs report points to a substantial slowdown of the U.S. economy is still unclear, William Dudley, president of the New York Federal Reserve, said Monday. Dudley made his remarks after the U.S. economy added 126,000 jobs last month, well-below economists’ expectations of about 250,000. Nevertheless, Dudley also said the U.S. economy faces …

Aging infrastructure in the U.S.

Thousands of bridges are in need of repair, but where’s the money to fix them? Hampton Pearson takes a look.