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BUSINESS
July 22, 2013 | By Paresh Dave
Cyberattacks may be draining as much as $140 billion and half a million jobs from the U.S. economy each year, according to a new study that splashes water on a previous estimate of $1 trillion in annual losses. “That's our best guess,” said James Andrew Lewis, the director of the technology and public policy program at the Center for Strategic and International Studies. The center completed the study with the help from cybersecurity giant McAfee and came up with the new figures by relying on models, such as those used to estimate the economic effects of car crashes and ocean piracy, instead of surveys of companies.
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BUSINESS
March 21, 2014 | By Ronald D. White
Money habits are setting the millennial generation apart from older Americans, including the fact that fewer of them are affiliated with traditional banks. The findings come from a survey of more than 25,000 adults aged 18 and older by the Washington-based FINRA Financial Investor Education Foundation. The survey has an estimated margin of error of 0.5%. "Making up nearly a third of the population, millennials are a significant force in the U.S. economy," the survey said. About 12% of the generation born between 1978 and 1994 say they don't use the banking system, which is "more than any other generation, including GenX," the survey said.
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BUSINESS
May 30, 2013 | By Ricardo Lopez
Thanks to a rebounding stock market and innovation coming from American companies, the U.S. has regained the top spot as the most competitive economy in the world, according to an annual ranking by Swiss business school IMD.  The report released Wednesday ranks 60 economies around the world and found that the United States has made strong enough strides in its economic recovery to reclaim the top spot. The next top economies are Switzerland (No. 2), Hong Kong (No. 3), Sweden (No. 4)
BUSINESS
March 16, 2014 | Michael Hiltzik
How's the U.S. economy doing? If you're rich, the answer is "fabulously. " Here are some data points from Diane Swonk, chief economist for Mesirow Financial in Chicago. " Spending at luxury retailers has come back," she told the Senate Finance Committee last week. High-end merchants routinely "sell out of purses with price tags in the thousands of dollars, before they even hit the shelves in New York. Spending at high-end restaurants is picking up.... Demand is on the rise for boutique hotels catering to the demands of the wealthiest clientele.
BUSINESS
February 14, 2014 | By Jim Puzzanghera
The severe weather that has hit much of the country this winter has cost the economy nearly $50 billion in lost productivity and 76,000 jobs, according to a new survey. Snow, ice and bitter cold will shave about 0.3 percentage point from economic growth, according to Wall Street economists, fund managers and strategists polled by CNBC. In an economy with about $15.7 trillion in total output, or gross domestic product, that comes to about $47 billion. PHOTOS: Federal Reserve chairs through the years The weather that has made much of the country at times look like it could host the Winter Olympics also hindered labor market growth, partly causing the disappointing government jobs reports in December and January.
BUSINESS
March 16, 1999
Slowing foreign markets and fears that price deflation will narrow profit margins are dampening manufacturers' optimism about the U.S. economy, according to a survey conducted in February by the National Assn. of Manufacturers. Forty-four percent of respondents to the survey said a slowing economy will force them to drop prices for their final products in 1999; 28% predicted a drop last year.
BUSINESS
February 4, 2014 | By Don Lee
WASHINGTON - The U.S. economy should grow at a solid rate over the next few years, but the labor market will continue to recover only slowly, according to new projections by the Congressional Budget Office. In its latest budget and economic outlook, the CBO on Tuesday forecast that economic growth will rise to 3.1% this year, boosted by gains in housing construction and business investment. And growth in economic output is projected to speed up to 3.4% in each of the next two years.
BUSINESS
September 22, 2013 | By Stuart Pfeifer
Sometimes, employers aren't looking for a long-term, committed relationship. That's where On Assignment Inc. comes in. The Calabasas firm provides skilled employees - many of them in the technology field - to companies looking for temporary workers. Its profits come from charging employers about 30% more than it pays the workers. That markup is used in part to pay the temporary workers' employment taxes and benefits. As the U.S. economy improves and the jobs picture brightens, employers increasingly are turning to On Assignment for workers.
BUSINESS
September 27, 1997 | From Reuters
The U.S. economy advanced a bit less vigorously during the second quarter than previously thought, the Commerce Department said Friday, but showed no signs of breaking stride. Gross domestic product, the broadest measure of national economic activity, grew at a 3.3% annual rate in the quarter, down from the 3.6% reported a month ago, the Commerce Department said. Price inflation, though revised upward, remained muted.
BUSINESS
February 28, 2005 | From Reuters
Investors will look this week to the Chicago purchasing managers index and the February payroll report to assess the economy's health, strategists and traders said. Tensions in the Middle East also will get renewed attention on Wall Street in the wake of a fatal bombing outside a Tel Aviv nightclub that shattered a de facto truce by militants, which had raised hopes for peace.
BUSINESS
March 11, 2014 | By Shan Li
Employers in the U.S. posted slightly more jobs in January despite harsh weather in many parts of the country, a positive sign for the labor market in coming months. Job openings rose to nearly 4 million in January, a 1.5% increase from the month before, the Labor Department said Tuesday. That was just south of November's five-year high of 4.1 million. Leisure and hospitality added 156,000 net openings in the first month of 2014. Construction opened up 32,000 extra slots, while education and health services added 65,000 openings.
BUSINESS
February 14, 2014 | By Jim Puzzanghera
The severe weather that has hit much of the country this winter has cost the economy nearly $50 billion in lost productivity and 76,000 jobs, according to a new survey. Snow, ice and bitter cold will shave about 0.3 percentage point from economic growth, according to Wall Street economists, fund managers and strategists polled by CNBC. In an economy with about $15.7 trillion in total output, or gross domestic product, that comes to about $47 billion. PHOTOS: Federal Reserve chairs through the years The weather that has made much of the country at times look like it could host the Winter Olympics also hindered labor market growth, partly causing the disappointing government jobs reports in December and January.
BUSINESS
February 4, 2014 | By Don Lee
WASHINGTON - The U.S. economy should grow at a solid rate over the next few years, but the labor market will continue to recover only slowly, according to new projections by the Congressional Budget Office. In its latest budget and economic outlook, the CBO on Tuesday forecast that economic growth will rise to 3.1% this year, boosted by gains in housing construction and business investment. And growth in economic output is projected to speed up to 3.4% in each of the next two years.
BUSINESS
February 3, 2014 | By Andrew Tangel
NEW YORK -- First it was worries over China and other developing countries. Now investors have another reason to question the U.S. economy's growth.  The Dow Jones industrial average was down 224.64 points, or 1.4%, to 15,474.21 in mid-day trading in New York. The fall in stocks came after a report showed a slowdown in the U.S. manufacturing sector. The broader Standard & Poor's 500 index fell 29.78 points, or 1.7%, to 1,752.81. The technology-focused Nasdaq composite index lost 89.63 points, or 2.2%, to 4,014.25.
BUSINESS
January 28, 2014 | By Don Lee
WASHINGTON -- In his State of the Union address, President Obama pointed to a resurgence of the nation's industrial sector as a prime example of the successes of the last few years and the economic promise of America. He praised "a manufacturing sector that's adding jobs for the first time since the 1990s," hitting on a favorite Democratic theme, blue-collar America.  It's true that factory payrolls, after a long and steep decline, have grown again -- by about 570,000 since early 2010 as manufacturing led the recovery in jobs coming out of the Great Recession.
BUSINESS
January 8, 2014 | By Hugo Martín
On a honeymoon trip to Southern California in 1974, Yang-ho Cho and his new bride drove into downtown Los Angeles only to get lost among the dark, empty industrial buildings and shuttered shops. Cho remembers he could find no one on the streets to ask for directions to his hotel. Nearly 40 years later, Cho is heading the development of the tallest building west of the Mississippi, a $1-billion downtown hotel complex that no one will have trouble finding at night. It represents only the latest investment of major South Korean capital that Cho has helped bring to Southern California as chairman of Hanjin Group.
ENTERTAINMENT
May 24, 1997
Here's the rundown on guests and topics for the weekend's public-affairs programs: Today "Evans & Novak": William Richardson, U.S. ambassador to the United Nations, 2:30 p.m.; repeats Sunday, 7 a.m. CNN. "John McLaughlin's One on One": Defense Secretary William Cohen, 2:30 p.m. (28). "Tony Brown's Journal": financial planning, 3:30 p.m. (28). "Capital Gang": Rep. Barney Frank (D-Mass.), 4 and 10:30 p.m. CNN. "Larry King Weekend": Cloris Leachman, 6 and 11 p.m. CNN.
BUSINESS
November 19, 2013 | By Richard Verrier
The economic contributions of U.S. copyright industries reached new heights last year, for the first time contributing more than $1 trillion to the gross domestic product and accounting for 6.5% of the nation's economy, according to a new report. The study tracks the economic effect and contributions of U.S. industries engaged in the creation and distribution of computer software, video games, books, newspapers, periodicals and journals, as well as motion pictures, music, radio and television programming.
BUSINESS
November 18, 2013 | By Jim Puzzanghera
WASHINGTON -- A top Federal Reserve official said Monday he was "getting more hopeful" about the economic recovery and declared the private sector nearly healed from the Great Recession. William C. Dudley, the president of the Federal Reserve Bank of New York, said he saw "nascent signs" that the economy and the outlook were improving because the negative effects of federal tax increases and budget cuts should lessen in coming years. "I have to admit that I am getting more hopeful," Dudley, who has strongly supported the Fed's stimulus policies, said in a speech at Queens College in New York.
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