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  • Is Marks & Spencer a Sell? Wednesday, 21 May 2008 | 2:39 AM ET

    We had a useful conversation with Ian Dyson the CFO of Marks & Spencer this morning. No change in the headline message that the consumer outlook is weakening, but Marks & Spencer thinks it can weather the storm. 

  • Oil Prices Set Another Record, Closing Above $129 Tuesday, 20 May 2008 | 3:01 PM ET

    Crude oil prices once again set both intraday and Nymex closing record highs Tuesday, driving toward $130 a barrel mid-day and finishing above $129 amid deepening worries over tight global stockpiles.

  • Inflation Worries Drag on European Shares Tuesday, 20 May 2008 | 1:19 PM ET

    Crude oil at new record highs and worrying inflation data on both sides of the Atlantic forced European shares into their largest one-day slide in two months on Tuesday.

  • Fed's Kohn: More Trouble From Housing, Inflation Tuesday, 20 May 2008 | 11:42 AM ET
    Donald L. Kohn

    US interest rates seem to be at the right level to help the sputtering economy without sparking inflation, but policy-makers need to be ready to adjust quickly in the face of a highly uncertain outlook, Federal Reserve Vice Chairman Donald Kohn said Tuesday.

  • WEF: The Rise and Rise of the Middle East Tuesday, 20 May 2008 | 11:02 AM ET

    The annual World Economic Forum took place in Sharm El Sheikh, Egypt, focusing on the investment and growth opportunities in the Middle East.

  • Retailers Take Tepid View of Economy Tuesday, 20 May 2008 | 10:31 AM ET

    Few, if any, signs of improvement here. Saks and Staples expect the U.S. economy to remain weak for the rest of 2008.

  • Smaller Pick Up Trucks May Be The Way To Go Tuesday, 20 May 2008 | 9:59 AM ET
    Ford

    Calling all truck lovers. Yes, those of you who drive a pick-up every day to work and those of you who just feel at home driving a big ol' F-Series or Silverado. Here's a question to ponder: Whatever happened to the small pick-up? You know, one like Ford's Ranger, which provided a basic, if sometimes unspectacular ride.

  • Dollar Dips as Rate Outlook Lifts Euro Tuesday, 20 May 2008 | 9:41 AM ET

    The dollar fell Tuesday as U.S. inflation data added to concerns about the economy's strength and raised doubt about whether the Federal Reserve will be able to hike interest rates this year.

  • Inflation Pressures Growing At the Wholesale Level Tuesday, 20 May 2008 | 9:04 AM ET

    US inflation at the wholesale level rose slower than expected in April, but core inflation, which strips out volatile food and energy prices, rose twice as fast as expected.

  • What is Buffett Looking for in Europe? Tuesday, 20 May 2008 | 8:15 AM ET
    Warren Buffett

    The Oracle of Omaha is looking for European businesses with pre-tax profits of at least $75 million, but he says the bigger the better. The tour began in Frankfurt, continues in Lausanne, Switzerland Tuesday and rolls on to Madrid and Milan later in the week.

  • The credit crisis will likely extend well into the next year and beyond, resulting in three years of multi-billion dollar revenue reversals, according to a prominent U.S. banking analyst, Meredith Whitney, who also slashed her earnings outlook for four Wall Street investment banks.

  • German Investor Sentiment Drops Tuesday, 20 May 2008 | 7:17 AM ET

    German investor confidence declined for a second straight month as rising inflation, the euro's near-record strength and high oil prices ate into expectations, a closely watched survey showed Tuesday.

  • Asian Markets End Lower on Inflation Fears Tuesday, 20 May 2008 | 5:27 AM ET

    Asian stocks ended lower on Tuesday, snapping a six-day rising trend, weighed by retailers as oil continued a relentless rise, keeping inflation fears high.

  • Australian Central Bank Considered May Rate Hike Tuesday, 20 May 2008 | 12:35 AM ET

    Australia's central bank actively considered raising interest rates earlier this month as inflation was uncomfortably high, minutes of its May policy meeting showed on Tuesday, sending the Australian dollar to 24-year highs.

  • Bank of Japan Keeps Rates Steady in Uncertain Times Monday, 19 May 2008 | 11:26 PM ET

    The Bank of Japan left interest rates unchanged at 0.5 percent on Tuesday, as expected, opting to take more time to determine when the fog will clear from the economy -- both in Japan and around the world.

  • Key Senators Say Deal Reached on Housing Bill Monday, 19 May 2008 | 6:39 PM ET

    The two top members of the U.S. Senate Banking Committee announced Monday that they have a deal that will create a multi-billion dollar mortgage rescue fund and a new regulator for Fannie Mae and Freddie Mac.

  • Dollar Rises as Markets Shift Focus to Inflation Monday, 19 May 2008 | 4:12 PM ET

    The dollar rose on Monday, rebounding from a 2-1/2 week low against the euro as equities rallied and an economic forecasting gauge showed the U.S. economy, while weak, has so far managed to avoid recession.

  • Home Depot Shopper

    Last week, Wal-Mart showed it can make money in the current economic environment. This week, the worry is Home Depot won't be able to deliver. Can Home Depot break ranks with rival Lowe's and improve its guidance? Sure, but don't hold your breath.

  • Oil Closes at Another Record, Above $127 Monday, 19 May 2008 | 2:57 PM ET

    Oil was above $127 a barrel seesaw trading Monday as crude prices were hit alternately by profit-taking and comments from OPEC's president that the producer group would not increase output at its next meeting in September.

  • Will Fed Have to Raise Interest Rates Soon? Monday, 19 May 2008 | 2:54 PM ET

    A few Federal Reserve policy-makers have begun talking openly about the need to raise interest rates, but it appears more likely the U.S. central bank will stay on hold until early 2009.

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