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
The recent market volatility and subsequent rise in trading volumes means it should be party time for the stock exchanges. But as NYSE Euronext and Deutsche Borse prepare to report on first quarter earnings on Tuesday, the industry finds itself facing a number of problems and traders would be forgiven for selling in May and staying well away.
The U.S. service sector grew unexpectedly in April, snapping a three-month period of contraction, according to a report released Monday.
Stocks opened lower Monday as Yahoo weighed on technology shares after Microsoft withdrew its takeover offer.
Asian stocks were higher Monday, after upbeat U.S. jobs data buoyed Wall Street Friday, with stronger oil and metal prices lifting resource firms. Volumes were thin with both the Japanese and South Korean markets closed for national holidays.
Soaring food prices may throw millions of Asians back into poverty, undo a decade of gainsand stoke civil unrest, regional leaders said as they urged a boost to agricultural production to meet rising demand
A private measure of Australian inflation hit new highs in April as households paid more for health, fuel and rent, keeping upward pressure on interest rates just a day before a central bank policy meeting.
President Bush sought to assure Americans Saturday that federal checks en route to them as part of a stimulus plan will help spur the ailing economy and pay for soaring gas and food prices.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
Oil jumped more than 3 percent to over $116 a barrel Friday, after a report -- showing the U.S. economy lost fewer jobs than feared in April -- eased worries about the country's economic health.
The dollar climbed to two-month peaks against the yen and a basket of currencies on Friday after a government report showed the U.S. economy shed just 20,000 jobs in April, fewer than economists had expected.
Fresh off its strongest month in nearly a year, the dollar looks set to extend its rally next week on signs the Fed is on hold after seven months of aggressive interest rate cuts.
Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said.
After years of lamenting the "death of the car" and the rise of the SUV and CUV, fans of the sedan are finally seeing things turn their way. Last month, for the first time in roughly 20 years, cars outsold trucks (Pick-ups, SUVs, CUVs and minivans).
The U.S. Federal Reserve announced steps to help ease persistent strains in credit markets, stepping up the size of some cash auctions for financial institutions and raising the amount of U.S. dollars it provides to the European Central Bank and Swiss National Bank.
Fewer U.S. jobs were lost in April than economists feared and the unemployment rate improved, raising hopes an economic downturn was not gathering steam.
New orders at U.S. factories jumped a much stronger than expected 1.4 percent in March, and durable goods orders for the month rose a revised 0.1 percent, a government report showed.
Asian markets were sharply higher Friday after better-than-expected economic data, a rebound in the U.S. dollar and falling oil prices and triggered a rally on Wall Street. Both Japan and Australia closed 2 percent higher.
Australian retail sales rose more than expected in March, sending the local dollar higher, but much of the rise was due to consumers having to pay more for food and was not taken as a revival in consumption.
If there was any doubt, the new NBC-WSJ poll confirms it: The American people are officially in a very bad mood and it starts with the economy. 73 percent of Americans say the country is on the wrong track -- the worst since 1992...
Investors are anticipating another gloomy reading on U.S. employment on Friday, though market reaction may be somewhat muted.