There is no incentive for the Reserve Bank of Australia to cut rates now that the Australian dollar is trading below the $0.75 level, says Michael Gable, MD & founder of Fairmont Equities.» Read More
While CKE Restaurants is slowing, this Mexican eatery is growing.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The economy rebounded with a good head of steam in the spring before a credit crisis raised new fears about longer-term business health.
New orders for costly U.S.-manufactured goods dropped at the sharpest rate in seven months during August as demand fell across nearly every major category.
High energy prices, the housing slump and worries about a recession may not have as much impact on holiday sales.
The latest CNBC Holiday Central survey shows most expect holiday spending to grow 1% to 3% this year, the the smallest annual increase since 2002.
U.S. Treasury prices finished mostly higher Monday, shaking off an early decline and benefiting from a downturn in the stock market. In general, stocks have risen while Treasurys have been driven lower in the wake of the Federal Reserve's decision last week to reduce official rates by a full half percentage point.
The text from a speech given by Ben Bernanke on "Education and Economic Competitiveness" in Washington D.C. on September 24, 2007.
Turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might appear, the International Monetary Fund warned Monday.
There's a lot of concern about whether a weaker dollar could cause higher U.S. inflation, but CNBC’s Steve Liesman says not so fast.
Federal Reserve Vice Chairman Donald Kohn, who has opposed setting inflation targets at the U.S. central bank, Friday said inflation goals can hold expectations steady and provide workers and businesses more certainty about the course of inflation.
A global credit crunch knocked down Eurozone private sector growth to a two-year low in September as new orders plunged, a survey showed on Friday, making any further interest rate hike this year unlikely.
Federal Chairman Ben Bernanke told Congress the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout from the mortgage mess.
The following is the full transcript of the speech made by Federal Reserve Chairman Ben Bernanke on Sept. 20, 2007, before the U.S. House of Representatives' Committee on Financial Services, on the subject of subprime mortgage lending and mitigating foreclosures.
Chief executives such as Ara Hovnanian were the among the loudest voices calling for the Federal Reserve to cut interest rates. Now, after the Fed's surprisingly sharp reduction in rates on Tuesday, CNBC asked several CEOs if they're happy.
The Fed’s rate cuts will do little if anything to help the mortgage and housing industries in the short-term--and the central bank is just at the beginning of a long, hard fight to head off a recession, experts say.
U.S. consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data Wednesday showed, underlining concerns about the country's economic outlook.
Applications for U.S. home mortgages climbed for a third straight week as more borrowers sought to refinance loans on which payments may be about to rise, an industry group said Wednesday.
All nine members of the Bank of England's Monetary Policy Committee voted to keep interest rates at 5.75% earlier this month, judging it was too soon to tell how financial market troubles would play out.