All the talk about a “jobless recovery” being ahead for the economy misses the point. There won’t be much of a recovery at all if the labor market stays in such dire straits.

Earnings are set to take center stage again next week as more marquee U.S. companies line up to report their quarterly scorecards and investors decide whether to keep pushing stocks higher.

Regulators on Friday shut two banks in California and two smaller banks in Georgia and South Dakota, boosting to 57 the number of federally insured banks to fail this year.

President Barack Obama’s high-speed rail initiative would get an enormous boost under a spending bill that a House committee approved Friday.

Fifteen states have crossed a painful threshold: 10 percent unemployment. More states, and the nation, likely will follow, one of the biggest dangers to an economic recovery.

One of the nation’s largest insurers unveiled a plan Friday to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission.

Congressional Democrats claim a public health option would compete on a level playing field with private insurers. But what would the government…

U.S. growth gauge at 5-year high

CIT Group Inc.’s shares nearly doubled Friday as the commercial lender held talks with several large banks about securing emergency financing in hopes of avoiding a bankruptcy filing.

President Barack Obama, insistent that health care legislation still will clear Congress, urged lawmakers strongly on Friday to write stiffer cost-cutting provisions into the bills taking shape slowly in the House of Representatives and the Senate.