Global Economy
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Warnings of massive job layoffs and another recession were all the talk when sequestration began in March. But so far the impact of government cutbacks seems a lot less than was predicted.
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Asian markets are mostly lower in the afternoon session.
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Thailand's economy grew a seasonally adjusted 1.5 percent in the third quarter, above market forecasts and its fastest pace in a year, the state planning agency said on Monday.
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Forget a Santa Claus rally. Investors might just want to hold onto their hats. Because if the past few days are any indication, stocks could be in for another choppy week.
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Stocks skidded Friday after a key survey showed manufacturing unexpectedly contracted in November,stoking concerns about a weakening economy.
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Stocks declined Friday on fresh signs of weakness in the manufacturing sector. The news also dragged down European shares.
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America is seeing another British invasion – and a Japanese and Brazilian juggernaut – in its retail stores. CNBC’s Margaret Brennan told “Morning Call” that international travelers are swarming over the U.S. this holiday season. As the Yankee greenback drops versus the euro, the yen and the British pound, America is becoming the destination of choice – for luxury shoppers.
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slower-than-expected rise in Japan's inflation rate threw cold water on hopes of an interest rate hike by the Bank of Japan
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South Korea's economy grew a revised 1.1 percent in the third quarter from the previous quarter, up from 0.9 percent growth estimated earlier, the central bank said on Friday, raising the chances of an interest rate rise.
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Stocks closed mostly lower amid higher oil prices and a surprising decline in Midwest business activity.
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European shares extended losses on Thursday after a report showed business activity in the U.S. Midwest contracted in November for the first time in 3 1/2 years.
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Asian shares rose on Thursday, led by exporters such as Honda and Samsung and resource stocks, after upbeat U.S. growth data eased worries about the health of the economy in Asia's biggest export market.
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Australian retail sales rose a healthy 0.8% in October, twice the market forecast, suggesting falling petrol prices were helping offset higher borrowing costs.
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Most areas of the United States reported moderate economic growth through the first weeks of November and labor markets were tight in many regions, the Federal Reserve said on Wednesday.
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Sales of new homes fell in October by the largest amount in three months, a fresh sign of the slowdown in the once-hot housing sector.
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Fed Chairman Ben Bernanke spoke--but it seems few investors listened. Stocks drifted lower after his speech. So--what's the next move for investors in 2007? That's the question for two analysts on Closing Bell. Citigroup's Chief U.S. Equity Strategist and Managing Director, Tobias Levkovich is very bullish on the economy.
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We've been reporting--that the U.S. dollar continues to drop – it’s down 2% against the Euro just this past week. This isn’t a short-term decline as far as one strategist is concerned.
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A decision last week by the International Energy Agency (IEA) to release an additional 60 million barrels of oil into the market should be considered quantitative “teasing” than easing, because the move is short-lived, says one analyst.