Asian markets seem to be cheering the latest economic reports from China, including November's inflation figures. CNBC's Deirdre Wang Morris breaks it all down for you.» Read More
China's economy slowed in the second quarter under the weight of slower exports and a drive by the central bank to tighten credit, but inflationary pressures remained uncomfortably high, the government said on Thursday.
Malaysian opposition figure Anwar Ibrahim has been freed on police bail, his lawyers said , but Anwar could still be charged for sodomy at a later date. As a condition of the bail, Anwar has to report to police on Aug. 18 unless the authorities decide otherwise.
Earnings from J.P. Morgan and some other big companies could sway the market's early direction, but traders are closely watching oil to see if it will make or break the upswing in stocks.
SEC's chairman Christopher Cox issued its emergency ruling against naked short-selling, and Wells Fargo reported surprisingly strong quarterly results and raised its dividends. Following are the day's top videos:
The global financial crisis is far from over—threatening to leave Federal Reserve interest rate policy on hold indefinitely.
Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.
I think it's WAY too early to say "oil fever is breaking" or call a top here for oil prices. Yes, oil futures dropped sharply again today, gold has followed ,and the grains (corn, wheat, soybean futures) are also down.
U.S. Federal Reserve policy makers fretted at their most recent meeting that growing inflation risks may require an interest rate hike, but agreed that the outlook for both prices and growth was still too uncertain, minutes of the meeting showed.
Below is the statement released by the Federal Open Market Committee after its June 24-25 meeting on interest rate policy:
European shares ended higher on Wednesday as falling oil prices supported the broader market, a weaker euro underpinned automotive stocks and solid results from Wells Fargo lifted battered banks.
The dollar rose against the euro and yen Wednesday, moving further from Tuesday's record low against the euro, on positive earnings news from Wells Fargo and lower oil prices.
Federal Reserve Chairman Ben Bernanke told a House panel Wednesday a top Fed priority is restoring financial calm even as "too high" inflation and weak growth threaten the economy.
Stocks pushed higher as oil plunged for the second day in a row and financials staged an across-the-board rally that stemmed investor pessimism about the effects of inflation on the economy.
US industrial production unexpectedly rebounded in June by 0.5 percent, its biggest jump in nearly a year, as utility and mining output soared and manufacturing reversed two months of declines, the Federal Reserve said on Wednesday.
Consumer prices in June rose by the biggest amount since 1982 on a continued surge in gasoline prices, adding more weight to an economy struggling through a strained banking system and a housing downturn.
First things first. I promised our US viewers a couple of handy phrases to learn now that Anheuser-Busch has embraced the Belgian/Brazilian combo at Inbev. If toasting your Belgian acquirer: ‘a votre sante’ or ‘ap uw gezondheid’ will suffice – of course being mindful of the need to work out whether they are from the Flemish or Franco side of the country.
Malaysian opposition leader Anwar Ibrahim has been arrested by police, his lawyer said. Anwar had agreed to meet authorities later Wednesday on a sodomy complaint lodged by a former aide. Police had warned they would arrest him if he did not show up.
Oil's move could be a key trend in Wednesday's markets, as traders watch more Fed testimony, a bunch of earnings reports and another helping of inflation data.
Merrill Lynch sector strategist Brian Belski's comments may have overshadowed Bernanke's testimony in some traders' minds. In a research note this morning, he called for a possible end to the commodities cycle (stocks, not futures) after such a strong first half of the year.
Weaker-than-expected retail sales implies that tax rebate checks aren't doing too much to stimulate the economy, according to Merrill Lynch Economist David Rosenberg.