U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.» Read More
May's employment report will make or break the market's momentum Friday. Traders say if the 8:30 a.m. report is in line with expectations or even better-than-expected, watch for the rally to continue. If it's worse, stocks will give back some of Thursday's gains.
The U.S. economy likely shed jobs for the fifth straight month in May as flagging consumer confidence and the worst housing bust in generations discouraged hiring.
U.S. light, sweet crude futures rebounded from two days of sharp losses, ending more than 4 percent higher as the dollar weakened against the euro, prompting funds to switch assets to the oil markets.
The net wealth of U.S. households fell 2.9 percent in first three months of 2008 as home values eroded further and share holdings fell sharply, marking the second quarterly drop in a row, the Federal Reserve said Thursday.
The euro rebounded from three-week lows against the dollar Thursday after European Central Bank President Jean-Claude Trichet said euro-zone interest rates could rise as early as next month.
European stocks ended lower on Thursday, falling for a second day in a row after ECB President Jean-Claude Trichet left the door open to an interest rate hike in July.
Fed intervention to calm financial market panic runs a risk of encouraging more reckless behavior and may make matters worse in the future, a top Fed policy-maker said
The number of laid-off workers filing claims for unemployment benefits showed an unexpected improvement last week although a key indicator of unemployment hit a four-year high.
A cut, given inflation rates, would simply make it more likely that we would enter recession at some point. If prices keep rising significantly, then the fiscal and monetary response will have to be more drastic somewhere down the road.
The United States will not experience a protracted period of economic weakness like Japan did in the 1990s, but the U.S. financial system is hurt by a lack of clear information about banks, Atlanta Federal Reserve Bank President Dennis Lockhart said Wednesday.
The recent downturn in the UK economy is likely keeping Bank of England hawks at bay, according to former Monetary Policy Committee member Charles Goodhart, CBE.
This is a timeline of the European Central Bank's rate decisions from 2007 to date.
The European Central Bank's 10th anniversary may have been marred by high inflation, but the euro's show of strength over the past nine months has been impressive.
May's chain store sales and weekly jobless claims will be factors in the market Thursday, as credit worries still manage to haunt stocks.
Australia's trade deficit shrank by far more than expected to its smallest in 14 months in April fuelling speculation that surging prices for coal and iron ore exports could make deficits a thing of the past.
India and Malaysia raised retail fuel prices, joining a growing number of Asian nations no longer able to afford big subsidies in the face of record-breaking oil prices.
The dollar was mixed Wednesday as a report on the U.S. service sector indicated a less severe downturn and retail sales in Europe dipped unexpectedly.
U.S. crude oil futures fell on Wednesday, as a larger-than-forecast rise in refined product inventories last week offset an unexpected drawdown in crude oil supplies.
Fed Chairman Bernanke said policy-makers were concerned by signs of rising long-term inflation expectations but did not see a dangerous wage-price inflation spiral developing.
Homebuilder Hovnanian Enterprises on Tuesday reported a second-quarter loss more than 10 times wider than its loss in the year-ago period. CEO Ara Hovnanian offered his industry outlook to CNBC.
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