CNBC Economy

Jobless claims unexpectedly rose as lawmakers struggle to push through additional coronavirus stimulus measures.

The Federal Reserve made a key adjustment in its efforts to support the economy, while upgrading its outlook for growth.

The central bank now expects real gross domestic product to fall just 2.4% in 2020, compared to the decline of 3.7% predicted in September.

Homebuilder confidence in the single-family housing market pulled back in December. Builders say they are concerned that buyers are feeling shock.

Mortgage demand was flat last week, despite record low rates, but demand is substantially higher than it was last year.

Warren Buffett urged Congress to extend aid to small businesses as they continue to struggle through the coronavirus pandemic.

The Fed could disappoint at least some market pros who are expecting immediate changes in its bond buying program.

Solomon's comments come as lawmakers are taking negotiations to approve another coronavirus stimulus bill down to the wire.

The average American plans to spend just $886, down 10% from their planned spending last year, according to the CNBC All-America Economic Survey.

The surprise jump in jobless claims filings signals a weakening in the labor market that could drag on the economy into the first quarter.

First-time claims for unemployment insurance totaled 853,000, an increase from the upwardly revised 716,000 total a week before.

Soaring home prices are padding the pockets of millions of homeowners across the nation. As prices rise, home equity multiplies.

Mortgage rates fell even more, and that is causing a surge in mortgage refinancing.

Saxo Bank on Tuesday outlined 10 "outlandish forecasts" for 2021, although it did stress these are not its "official" views.

U.S. stocks are in "the storm before the calm" as Covid-19 cases rise, new restrictions are introduced and stimulus fades, says economist Alejandra Grindal.

Economists have been worried that the aggressive virus spread will exact an especially large toll on the services sector.

Steven Mnuchin's decision not to extend funding for the Federal Reserve's Main Street Lending Facility after Dec. 31 already looks to be cutting into lending.

Banks have put up tens of billions of dollars for loan loss reserves tied to the pandemic this year, although most of those reserves haven't been needed yet.

Job opportunities for Hispanics remain uncertain, even as the jobless rate has been cut in half from the Covid-19 peak level of 16%.

Biden said Friday's underwhelming jobs report foreshadows a "dark winter" that demands "urgent action" from Trump and Congress.