Discussing the future relationship between the U.S. and China, with CNBC's Michelle Caruso-Cabrera.» Read More
With Detroit essentially shut down for the week between Christmas and New Year's, it's a good time to step back and hand out "The Rodneys": The car and auto brands that -- taking a note from comedian Rodney Dangerfield -- don't get enough respect, according to you, the reader.
Asian stocks were mostly higher in the afternoon session Wednesday. Trade was thin as many investors were away for Christmas holidays. Japan closed higher be South Korea declined. Other Asian markets including Australia and Hong Kong were shut, and many markets in Europe will also be closed.
Japanese stocks closed at their highest in nearly two weeks Tuesday as investors picked up recently pressured shares such as Sony, encouraged by a softening yen and after news from Merrill Lynch prompted a rally on Wall Street.
The dollar fell against the euro in thin trade Wednesday while the yen remained near seven-week lows as investors continued to fund carry trades by borrowing the low-yielding Japanese currency.
We are out of the office until the New Year. Look for our Energy Tax Savings blog next week.
Oil rose to near $94 per barrel in thin trade, erasing earlier declines, though heating oil remained lower as mild weather across the key heating regions of the United States cut fuel demand.
With Detroit and much of the auto industry shut down this week and gearing up for the Detroit Auto Show next month, I thought it would be a good time to take a few minutes and share my Christmas wishes for the auto world. I hope Santa brings you everything you want.
The yen dipped to a six-week low against the dollar Monday and fell against the euro as a pre-Christmas equities rally boosted investors' risk appetite.
The European Central Bank is determined to stop increases in oil and food prices becoming entrenched in a broader inflation rise, President Jean-Claude Trichet said in a newspaper interview published on Monday.
Asian markets rallied on the Christmas Eve Monday, lifted by technology and bank stocks as stronger-than-expected U.S. consumer spending calmed fears the world's top economy was heading into a recession.
Japan's cabinet approved an 83.06 trillion yen budget on Monday for the fiscal year from April, featuring an increase in social security spending as the population ages and a modest cut in new debt issuance.
Strong gains in consumer spending and technology stocks fueled a long-awaited Santa Claus rally on Wall Street.
Occasionally, when I state my opinion about a particular car or automaker, I get swamped with e-mails from people who think I'm an idiot. Yesterday was one of those days: I was talking about the new Corvette ZR1...
Asian markets closed higher across the board Friday, having got a lift from technology stocks and year-end program buying by funds. Most of the major indexes finished over 1 percent higher, while the Hang Seng gained 2.3 percent.
Oil prices eased Thursday, after a seesaw session as dealers weighed tight U.S. crude inventories against the threat of an economic slowdown slashing global energy demand growth next year.
Check out the news on Eaton Corp today. The company plans to buy two companies--one in Europe, the other in Asia. That's exactly the type of deal making we can expect to see in the world of M and A next year.
Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.
France's biggest retail bank Credit Agricole said on Thursday it would book a 2.5 billion euros pre-tax writedown in 2007 due to the credit crisis gripping global financial markets.
We have a new Wall Street Journal-NBC News poll that's shaking up the Republican presidential race, since Rudy Giuliani has lost his national lead. But it's also shaking up Ron Paul's legions of Internet supporters--because he fared so poorly at just 4 percent of the vote. Because his numbers were so low I didn't mention Paul in my Wall Street Journal story on the poll.
The yen rose broadly on Thursday on worries that the worst from the U.S. subprime mortgage market fallout was yet to come after Bear Stearns recorded its first-ever quarterly loss.