Russia said its currency crisis was over despite its forex reserves plunging and inflation surging over 10 percent, in its worst economic crisis since 1998.» Read More
US economists have chopped their forecasts for 2008 economic growth for a third straight month, saying the housing slump will be deeper and last longer than earlier expected, a survey released on Wednesday showed.
Singapore's central bank unexpectedly moved to keep inflation in check by tightening its monetary policy and allowing the Singapore dollar to rise, amid signs that it is worried over rising prices. Separately, the economy grew a seasonally adjusted rate of 6.4% in the third quarter.
Up to the minute blog of the CNBC/MSNBC/WSJ GOP Presidential Debate in Dearborn, Michigan.
All of the Fed's policy-setting committee agreed that a half-point cut in rates was needed to shield the economy from credit disruptions and the housing slowdown, minutes of the Sept. 18 meeting showed.
Former Federal Reserve Chairman Alan Greenspan said Sunday that the rate of U.S. economic growth was slowing, but the odds of a recession are less than 50%.
The U.S. federal budget deficit fell to $161 billion in fiscal 2007 from $248 billion the prior year as growth in tax receipts, fueled by capital gains and other non-withheld income, outstripped spending growth, the Congressional Budget Office said on Friday.
The Labor Department's jobs number tracks people in the work force, but it doesn't account for millions of workers classified as independent contractors. Now, a battle is brewing over whether contractors like Gupertino Magana are getting a fair deal.
Federal Reserve Vice Chairman Donald Kohn said Friday moderate growth should return to the U.S. economy after a period of weakness due to a prolonged housing slump and higher borrowing costs.
The prepared speech given by Federal Reserve Vice Chairman Donald Kohn on the economic outlook. The speech took place in Philadelphia on October 5, 2007.
Here's some food for thought -- has your marketing bill been on the rise of late? Is that loaf of bread or packet of pasta really that much more expensive and why so? Most important of all, do you know that you can make money from the rising cost of food? This week's A Fund Affair takes a look at a fund that invests in what you eat.
Inflation pressures in the euro zone rose to a seven-year high in August and remain in an upward trend, a report said on Friday.
European stock markets closed mixed after the European Central Bank and the Bank of England held interest rates steady.
Friday's U.S. employment report is expected to show sizable job growth for September, emboldening investors. But that won't end the debate about a possible recession.
With the Dow Jones Industrial Average hovering around 14,000, the question is where the blue-chip heads next: 13,000 or 15,000?
The U.S. private sector increased hiring at a moderate pace for a third straigth month in September, according to the ADP employment report released Wednesday.
Pending sales of previously owned homes fell by a larger-than-expected 6.5% in August as more borrowers seeking home loans were turned away by cautious lenders, a real estate trade group said on Tuesday.
A fall in energy costs capped euro zone producer price growth in August despite a jump in non-durable goods, while unemployment stayed at record lows, data showed on Tuesday.
Swiss consumer price inflation picked up in September, driven by higher oil prices, but the price rise was smaller than expected.
If you want to know what former Fed Chairman Alan Greenspan thinks are the current chances of a recession, try this: When I sat down with him to do a “fireside chat” in Washington D.C., he said that he thought the odds of a recession were higher but still below 50 percent.”
Recession talk is heating up as the slumping U.S. housing market threatens to shackle free-spending consumers, yet stocks remain near record highs, indicating that many investors see little cause for alarm.