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  • Foreclosures Could Remain High for 18 Months Friday, 2 Nov 2007 | 2:03 PM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    The rate of foreclosures in the United States will remain higher than normal for the next18 months as the current home loan crisis plays itself out, a senior U.S. Treasury official said Friday.

  • Investors Wary of What Jobs Report Will Bring Friday, 2 Nov 2007 | 8:07 AM ET
    Help Wanted Sign

    After Thursday's huge selloff in the stock market, investors are now turning their attention to the October jobs report.

  • Raw Material Prices Spark China Inflation Concern Friday, 2 Nov 2007 | 1:27 AM ET

    Fast-rising oil, steel and coal prices are adding to inflationary pressure in China, the country's top economic planning agency said on Friday.

  • Behind Market Selloff: Fed Won't Bail Out Investors Thursday, 1 Nov 2007 | 4:42 PM ET

    If the Fed isn't going to cut  rates any more, that means bad news really is ... bad news. And with continuing concerns about the financial sector and oil prices, there is plenty of bad news.

  • $100 Oil Specter Drives Clean Energy Stocks Thursday, 1 Nov 2007 | 3:05 PM ET

    Clean energy stocks worldwide, and especially solar, have roared upwards in the past 10 weeks following the latest spiral in oil prices -- but proving a direct link with oil is elusive, analysts say.

  • Fed Pumps $41 Billion Into Financial System Thursday, 1 Nov 2007 | 1:09 PM ET

    The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, one of its largest cash infusions to help companies get through a credit crunch that took a turn for the worse in August.

  • Uh Oh--Are Consumers Starting to Rein In Spending? Thursday, 1 Nov 2007 | 12:00 PM ET
    Shoppers in a toy aisle at a Target store.

    The mighty U.S. consumer may be starting to crack, just as the Federal Reserve signaled that it was through with interest rate cuts barring a sharper economic downturn.

  • Jobless Claims Fall 6,000, More Than Expected Thursday, 1 Nov 2007 | 8:49 AM ET

    The number of U.S. workers filing new claims for jobless aid fell by a more-than-expected 6,000 last week, government data on Thursday showed, while the four-week moving average of claims edged up to a six-month high.

  • Planned Layoffs Drop 12 Percent Thursday, 1 Nov 2007 | 7:45 AM ET

    Planned U.S. layoffs fell 12 percent in October on a reduction in the number of announced firings in the financial and housing-related sectors, an independent report showed Wednesday.

  • China Lifts Fuel Prices 10% as Shortages Bite Thursday, 1 Nov 2007 | 1:25 AM ET

    China unexpectedly raised domestic gasoline and diesel prices by a tenth on Thursday, the first increase in 17 months, as officials rushed to tame a worsening supply crisis by easing losses at state refiners.

  • Australians Spending Freely, Lock-In Rate Rise Wednesday, 31 Oct 2007 | 10:27 PM ET

    Australian retail sales easily outpaced expectations in September, setting the seal on a very strong quarter for consumption and adding to an already compelling case for a further rise ininterest rates.

  • Fed Cuts Rates But Hints Against Further Easing Wednesday, 31 Oct 2007 | 4:28 PM ET
    Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    The Federal Reserve, moving to head off the threat of a recession, cut two key interest rates by a quarter-point but signaled that it may be done easing rates for now.

  • Economy Strong Despite Battered Housing Sector Wednesday, 31 Oct 2007 | 2:42 PM ET
    Credit card swipe

    The U.S. economy grew at a surprisingly brisk clip in the third quarter as both consumer spending and exports showed strength despite a battered housing sector.

  • Federal Open Market Committee Statement Wednesday, 31 Oct 2007 | 2:16 PM ET

    The statement released by the Federal Open Market Committee after its October 30 & 31 meeting on interest rate policy.

  • Wal-Mart Jumpstarts Holiday Discounts This Week Wednesday, 31 Oct 2007 | 1:46 PM ET

    Wal-Mart Stores said Wednesday it will begin offering this week the type of holiday discounts it typically reserves for "Black Friday" -- the day after Thanksgiving that typically marks the start of the ultra-competitive holiday shopping season.

  • Will the Fed Give Investors A Trick or a Treat? Wednesday, 31 Oct 2007 | 1:17 PM ET

    The Federal Reserve is still expected to lower benchmark borrowing costs later today despite unexpected signs of strength in the economy.

  • Euro Zone Inflation Jumps, Raises Odds for ECB Rate Hike Wednesday, 31 Oct 2007 | 7:30 AM ET

    A surge in euro zone inflation in October beat all expectations, data showed, raising the odds for a rise in European Central Bank interest rates despite weakening sentiment and sending the euro up against the dollar.

  • BOJ Keeps Rates on Hold, Seen Trimming Forecasts Wednesday, 31 Oct 2007 | 1:30 AM ET

    The Bank of Japan left its policy rate unchanged at 0.5 percent on Wednesday, as widely expected, reflecting caution among central bankers over market uncertainty and the economic fallout from U.S. subprime woes.

  • Kirin to Raise Beer Prices on Raw Material Costs Wednesday, 31 Oct 2007 | 12:01 AM ET

    Japanese brewer Kirin Holdings said on Wednesday it will raise the prices of beer for the first time in more than 17 years starting in February, citing a sharp rise in aluminum and malt prices.

  • Australians Busy Borrowing and Building in September Tuesday, 30 Oct 2007 | 10:56 PM ET

    Australian businesses were busy borrowing in September despite interest rates at decade highs, while a jump in approvals to build new homes provided a tentative sign of a recovery in housing construction.