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Economic news - CNNMoney.com
Consumers not spending like drunken sailors
Friday, July 30, 2010The economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.
U.S. recovery sputters
Friday, July 30, 2010The U.S. economy continued to grow during the second quarter, the government reported Friday. But the pace slowed more than economists were expecting, raising concern about growth - or even another recession - in the months ahead.
Pay gap persists for African-Americans
Friday, July 30, 2010African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau.
China says it tops Japan as No. 2 economy
Friday, July 30, 2010China has surpassed Japan to become the world's second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday.
States go deeper into debt
Friday, July 30, 2010The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.
more Economic news - CNNMoney.com news...