Global Economy
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Dallas Federal Reserve President Richard Fisher, reveals his outlook on jobs and the U.S. economy.
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New Zealand has set its sights on reinventing itself into a "weightless economy" by increasing its competitive edge in the global economy. But what exactly is a "weightless economy"?
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New Zealand's finance minister Michael Cullen said on Thursday the country's currency, which has fallen more than 7 percent against the U.S. dollar during the global credit squeeze, was overvalued and he expected it to fall further.
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Stocks ended mixed as a strong earnings reports from the tech sector were offset by a selloff of blue chip stocks. Meanwhile, oil futures spiked to a new intraday record but ended lower on late profit-taking.
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Here's what we have today: 1) Fed Beige Book a little more downbeat, talking about slower growth and softer consumer, but noting that global growth remains strong.
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What keeps a five-star fund earning its stars? Ask Turner Investment Partners portfolio manager Frank Sustersic. He's in charge of the 5-star Turner Emerging Growth Fund, which is up nearly 20% year-to-date.
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Oil's record rally stalled on Wednesday, after an OPEC minister said the group could not rule out another output hike to cool the red-hot market and may call a formal meeting next month in Saudi Arabia.
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The dollar fell broadly Wednesday after a report showed housing starts dropped to their lowest level in 14 years in September, adding to concerns that the housing market may drag on the US economy.
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Groundbreaking for new homes and permits for future building both hit a 14-year low last month, reviving worry about a deepening housing slump and fueling hopes for more interest-rate cuts.
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The summary of the Beige Book released by the Federal Reserve prepared at the Federal Reserve Bank of Dallas and based on information collected on or before October 5, 2007.
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Presidential power ebbs and flows and George W. Bush is holding very weak cards just now. But as he likes to point out, sometimes with more than flattering zeal, he is still the president and everyone also just kibitzes. `
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The markets are having trouble holding their gains for a very simple reason: the decline in building permits suggests further decreases in housing starts in the months ahead. Here is a point where the bears may have some traction...
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United Technologies is THE classic global growth stock. Like truly global stocks, they get more than half their sales outside the U.S.: 49% from U.S., 25% from Europe, 15% from Asia/Pacific, 10% elsewhere.
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One Bank of England policymaker wanted to cut borrowing costs this month, but was outgunnned by the other eight who argued new forecasts in November would provide a better steer on how the economy was faring.
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Euro zone economic growth will slow this year and next as fallout from the summer's financial market turmoil hits housing and a stronger euro crimps exports, the International Monetary Fund said on Wednesday.
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Asian stocks ended in negative territory Wednesday, following Wall Street's decline after disappointing earnings from big U.S. banks while record crude prices fueled concerns about the outlook for corporate profits.
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While the markets are concerned today about the poor quality of financial earnings, Bank of America’s Joe Quinlan tackles a different—but equally important—subject: the rising tide of protectionism in the U.S., which is threatening the profits of now-global U.S. corporations. Quinlan notes that U.S. firms are enjoying a global boom in trade, earnings, capital inflows.
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Oil closed at a record high, but below a new intraday peak established Tuesday, as investors watching supply concerns and tensions in northern Iraq extended the nine-dollar rally that started last week.
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The dollar rose against the euro and high-yielding currencies such as the New Zealand dollar Tuesday, as investors grew cautious of risky trades amid a sell-off in global equities and a surge in oil prices.
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Federal Reserve Chairman Ben Bernanke spooked investors by saying a full recovery in financial markets may not happen right away.
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Foreign investors fled from U.S. assets in August as a meltdown in the U.S. subprime mortgage market triggered a global credit crunch, Treasury Department data showed on Tuesday.