CNBC Economy

Workers of color continue to see higher rates of unemployment than their white counterparts.

Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.

The cost of labor rose less than expected, but low productivity helped keep pressure on inflation in the third quarter.

Companies added 239,000 positions in October, ahead of the Dow Jones estimate of 195,000, ADP reported Wednesday.

Employment openings for the month totaled 10.72 million, well above the FactSet estimate of 9.85 million.

Consumers and corporations have strong underlying credit and are not holding back, Brian Moynihan said.

The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.

Gross domestic product was expected to grow at a 2.3% annualized pace in the third quarter, according to Dow Jones.

U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig win the Nobel prize in economic sciences for research on banks and financial crises.

No stranger to political pressure, the Fed chief this week found himself the focus of concern in a letter from Democratic Sen. Sherrod Brown.

Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expect a U.S. recession.

One thing is clear at the start of the corporate earnings season: Inflation remains a hot topic for company executives.

The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

Tesla founder Elon Musk thinks the global economic contraction can last for another year and a half.

Latinos are underrepresented in all areas of finance. Groups of venture capital firms are looking to change that.

According to The Conference Board's Leading Economic Indicators index, conditions worsened in September.

Amazon founder Jeff Bezos has become the latest corporate leader to warn about the state of the economy.

Rising interest rates and pricier homes have increased the pressure on multigenerational households seeking adequate housing.

Port congestions and container shortages are easing as Chinese exports slow in the face of waning demand from Western economies, logistics data shows.

Retail and food services sales in total were little changed for the month after rising 0.4% in August.