Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?
U.S. jobs growth ground to a near halt in June, with employers hiring the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.
In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.
The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.
Stocks were set to open sharply lower on Friday after the June payrolls report fell short of expectations and dashed hopes the economic recovery had regained speed.
Suddenly, momentum is building in the nation's capitol toward what could be an historic deficit reduction package -- a grand deal deal of $4 trillion or more in cuts -- including changes to entitlement programs, cuts in defense spending, and selected tax increases via ending tax loopholes.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
Stock index futures were little changed on Friday before government employment figures that should show if a lackluster recovery has regained speed.
Stock index futures were flat on Friday before the June U.S. payrolls report, which should give investors important guidance on the economy.
U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
Florida State Sen. Greg Evers, chairman of the Senate Committee on Criminal Justice, sent a letter to Senate President Mike Haridopolos Thursday asking for the go signal to draft legislation to better protect children.
The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.
It has become a question of when, not if Texas Gov. Rick Perry will announce his 2012 presidential campaign, according to political insiders in Austin.
Warren Buffett bets housing and unemployment will improve in America by late 2012 more than many economists expect.
President Barack Obama's birth certificate proves he was born in United States, but he came close to growing up in a foster home.
Oklahoma lawmaker Republican Sen. Paul Wesselhoft on Wednesday said he will introduce Caylee's Law in his state, The Associated Press reports.
They're getting there. That, in a few words, perhaps best characterizes the state of the nation's debt ceiling talks. President Barack Obama said Thursday Congressional Democrats and Republicans are making progress toward deficit reduction and raising the debt ceiling, but big gaps remain.
Stocks rallied on Thursday, with the Nasdaq up for an eighth straight day, as strong labor market and retail sales data lifted optimism a day before the U.S. employment report for June.
An Oklahoma woman is looking to petition U.S. lawmakers to Create Caylee's Law, which would make it a felony to not report a child's death or disappearance in a timely manner.
In their campaign rhetoric and their policy arguments, public officials have a tendency to tailor the facts to a certain viewpoint. But who is the worst offender?
Wall Street jumped on Thursday after signs of life in the labor market and strong sales at some U.S. retailers lifted optimism in the economy ahead of Friday's key June jobs report.
