CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up slightly on the day in spite of a 10 million barrel build. Nat gas remained over $4.50, and gold was up a bit at the close.» Read More
Peter Georgiopoulos, chief executive officer of Genco Shipping & Trading and General Maritime, told CNBC’s “Street Signs” that worldwide demand for dry-bulk and oil shipping remains strong, suggesting a solid global economy.
As of now, actor James Cromwell is currently in 6th place in "Trading With The Stars." Last Friday he had gained $10,510 to end the day at $994,231.01. As "Power Lunch" host Bill Griffeth said today James has the other celebs "right where he wants them." Maybe. With his "interesting" picks, (in other words, not so hot)...
Quincy Krosby, chief investment strategist at The Hartford, told CNBC’s “Squawk on the Street” that the market is keeping an eye on possible fallout from the troubled sub-prime mortgage sector.“I think that’s what the market is bracing for -- if the collateral damage erodes overall economy, GDP and moreover confidence and liquidity,” she said Monday.
China's central bank said Saturday it will raise key interest rates by more than a quarter percentage point in a move to cool torrid economic growth.
Volkswagen's joint venture in China, Shanghai Volkswagen Automotive, has cut its car prices by up to 11,000 yuan ($1,420; 1,000 euros) to improve competitiveness, the company said Friday.
China will take steps to contain a renewed burst in bank lending and a larger-than-expected rise in the country's controversial trade surplus last month, senior officials said on Friday.
China's legislature passed a milestone property law Friday, strengthening protection for private businesses and property, and also revised a tax law to cut out preferential rates for foreign companies.
Fears that China's economy might slowdown played a large role in the violent sell-off last month. But the calendar has advanced and so have China’s fortunes. Today that nation reports higher-than-expected industrial production. And unlike our Dow, China’s Shenzhen is back to its old highs.
The U.S. Commerce Department is prepared to change a decades-old policy and impose countervailing duties on non-market economies like China when the facts merit, a senior official said.
China's industrial production growth surged at the start of the year, reinforcing expectations that Beijing will soon tighten policy afresh to prevent the world's fourth-largest economy from overheating.
Citigroup plans to add about 1,000 employees to its China operations this year, boosting its staff numbers in the country to around 4,000, the bank's chief executive for China said on Wednesday.
Stock market veterans often point out that the worry spotlight shines on different concerns at different times -- some legitimate, some not, some short-lived, and some long-lasting. You may have already forgotten that the first market meltdown a few weeks back was caused by the big drop in the Chinese market -- a concern that seems to have disappeared from the radar at the moment. Not so the subprime loan market woes.
Chinese consumer inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.
China expects to start making homegrown large commercial aircraft by 2020, an aviation industry official said Monday, raising the possibility of future competition for Boeing and Airbus in the country's booming market for new planes.
China's central bank said on Monday that it would gradually promote reforms of the yuan's exchange rate regime and improve its foreign exchange management this year.
Chinese Commerce Minister Bo Xilai said that the country was preparing a range of policies aimed at capping its huge trade surplus, but he stressed that their impact could not be seenovernight.
That hour of sleep you lost this weekend thankfully was not over the stock market's performance last week. After starting Monday on the edge of what could have been an ugly precipice, Wall Street by Friday recovered some of its losses and a good deal of confidence.
Stocks are hesitant ahead of the jobs data, which will be a key driver of direction today. Asian markets were mostly higher while European markets are lower this morning.
Unification of China's corporate income tax rates will not have a big impact on inflows of foreign direct investment because some sectors will still enjoy preferential rates, Finance Minister Jin Renqing said on Friday.
Where is the suddenly turbulent market going? The answer may be up for grabs, but one thing seems certain: all investors should factor in Friday's jobs report. Two strategists -- one equity, one bonds -- gave their views on "Power Lunch."