The recovery in the US jobs market came to a grinding halt in December as businesses added just 74,000 new jobs, the lowest rise since January 2011.
The US economy is losing up to a billion dollars a week because of the “fiscally irresponsible” decision to end long-term unemployment benefits, a Harvard economist said on Friday.
The decade and a half after the tearing down of the Berlin Wall was a golden age for central banks.
A rising population, a low-tax regime and insulation from the worst of the eurozone's problems leave Britain on course to overtake Germany as Europe's biggest economy within the next two decades, according to a study released on Thursday.
It's a happy holiday for the financial world.
This week Ben Bernanke chairs his last meeting as head of the Federal Reserve – a position that has undoubtedly become the most important job in finance under his tenure.
Wall Street is facing tighter scrutiny of its trading activities after US regulators moved on Tuesday to impose stricter rules on the types of trades banks can make following the financial crisis.
Unemployment in the US fell to 7% in November, its lowest level in five years , as employers took on 203,000 new people.
November brought more bad news for believers in the eternal power of gold: the commodity saw its sharpest monthly price fall since June.
Central banks on both sides of the Atlantic are once again being forced to think the unthinkable.
America's long-running fiscal cliff crisis was finally resolved on Tuesday night when Congress voted in favour of a White House compromise that will impose tax rises on the wealthiest and spare the working-class and middle-class.
President Barack Obama has demanded that Senate leaders strike a fiscal cliff deal by Sunday to avert the looming US economic crisis, or face a vote based solely on his own measures.
President Barack Obama has been accused by a senior Republican of being eager to take the US over the fiscal cliff for political gain, as Washington edges closer to a year-end deadline with no deal in sight.