Breaking News: Economy

The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a roaring pace of inflation, the Bureau of Labor Statistics reported Friday.At the same time, the unemployment rate held at…

A 'We're Hiring!' sign is posted at a Starbucks in Los Angeles, California.Mario Tama | Getty ImagesThe U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong…

Philadelphia Fed President Patrick Harker said Thursday he foresees three or four interest rate hikes this year as likely to fight inflation.His thinking, outlined in a live interview on CNBC's "Closing Bell," is consistent with…

Fed starting to take the Band-Aid off, Fundstrat's Tom Lee says"I think the band aid is getting pulled off. The market's been waiting for this. It was selling off on the rumor and it's time to buy the event," said Tom Lee of Fundstrat.He…