In their fight against cartels such as the Knights Templar, Mexican soldiers and marines have confiscated tons of minerals. GlobalPost reports.» Read More
Consumer borrowing rebounded sharply in November, rising at the fastest clip since August.
The U.S. economy is poised for moderate growth and lower inflation, but there is no guarantee core inflation will continue to ease, Federal Reserve Vice Chairman Donald Kohn said.
Stocks in the U.S. for now look set for a firmer open on what promises to be a busy day in the markets and a busy day on CNBC. Our correspondents are at major conferences across the U.S. Phil Lebeau is at the auto show in Detroit, where the industry is unveiling new products. Jim Goldman is bringing us the latest tech gadgets from the Consumer Electronics show in Las Vegas....
The average retail price of a gallon of gasoline in the United States rose over the past three weeks, but at a slower pace and could be poised for a reversal in coming weeks, according to a leading industry analyst.
The world economy is set to grow strongly in 2007, especially in Europe and emerging Asia, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday as saying.
Job growth and worker wages climbed strongly in December, suggesting the labor market remains very tight.
The dollar rallied for a third day after a surprisingly strong report on jobs growth in December led investors to scale back expectations for a Federal Reserve interest rates cut in the next six months.
Stocks finished the first week of the New Year on a down note as strong jobs data made investors worry that a faster-growing economy and possible rise in inflation will reduce the chances of a Fed rate cut.
A stronger-than-expected employment report failed to dent expectations the next Fed policy move would be an interest rate cut this year, a Reuters poll of Wall Street economists showed on Friday.
Federal Reserve Chairman Ben Bernanke said the Fed's job of regulating the nation's banks gives the central bank more expertise in dealing with financial crises.
The U.S. economy seems to have successfully achieved a so-called soft landing and growth is likely to pick up again this year, Boston Federal Reserve Bank President Cathy Minehan said.
Stocks closed higher after another volatile day as gains in technology stocks and a huge drop in oil prices boosted the major averages.
Japan’s Nikkei Index has had its longest bull run since 1989, ending 2006 up 7%. Unemployment in the country is at an eight-year low, and despite a possible rate hike in the spring Japan is reclaiming its leadership position in the global economy. But is it too late for investors to get a piece of this growing economy? President of Matthews Asian Funds Mark Headley says no.
The dollar built on Wednesday's gains versus most major currencies this morning, as investors bet that talk of nearer-term interest rate cuts in the U.S. had been overdone.
The pace of growth in the U.S. service sector eased in December, although employment in the sector improved and a price index rose to its highest level since last August, according to a report.
Stocks closed up modestly after a report on the Federal Reserve's December meeting threw up red flags on the economy and sparked a dramatic 175-point swing in the Dow.
U.S. Federal Reserve officials agreed at their December meeting inflation was the predominant concern, but some felt the "subdued tone" of economic data meant risks to growth had increased, minutes released on Wednesday show.
The dollar slipped against the euro and yen after minutes of the Federal Reserve's policy meeting on Dec. 12 indicated the central bank sees the downside risks to economic growth have increased.
U.S. private sector employment likely declined by 40,000 in December, suggesting an abrupt slowing of employment, a private employment service report showed on Wednesday.
U.S. investors will focus on economic and sales reports Wednesday, after pausing Tuesday in honor of the late former President Gerald R. Ford.
Get the best of CNBC in your inbox