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  • ECB Holds Interest Rate at 4 Percent Thursday, 8 May 2008 | 9:30 AM ET
    European Central Bank President Jean-Claude Trichet

    The European Central Bank left its key interest rate unchanged at 4 percent on Thursday, as widely expected, and its president Jean-Claude Trichet warned on inflation pressures.

  • The news out of Tokyo should not come as a surprise. Toyota, running neck and neck with GM to become the world's largest automaker, is running a little slower. The first quarter earnings make sense given the auto market slowing down in the U.S. and Toyota finding fewer markets and segments to enter.

  • Jobless Claims Post Surprising Decline of 18,000 Thursday, 8 May 2008 | 8:38 AM ET

    The number of US workers filing claims for initial jobless benefits fell more than expected last week, according to a report Thursday that suggested the labor market, while soft, was not deteriorating rapidly.

  • Bank of England Keeps Interest Rate on Hold Thursday, 8 May 2008 | 7:23 AM ET

    The Bank of England kept the interest rate unchanged at 5 percent on Thursday, caught between the threat of rising inflation and increasing evidence of a weakening economy.

  • Asian Stocks Pressured by Surging Oil Prices Thursday, 8 May 2008 | 5:10 AM ET

    Oil's relentless push to yet another record high pressured Asian shares across the board Thursday, raising fears that inflation -- and central bank measures to cool it -- would hurt consumer spending and profits.

  • How Long Can the ECB Stand Pat? Thursday, 8 May 2008 | 2:04 AM ET
    European Central Bank President Jean-Claude Trichet

    The European Central Bank will most likely do on Thursday what it has done every month since the credit crunch started last August: keep rates steady and talk tough on inflation.

  • Australian Jobs Jump in April, Underpin Economy Wednesday, 7 May 2008 | 10:59 PM ET

    Australia employment growth blew past expectations in April, pointing to a still-healthy labor market even as other parts of the economy buckle before higher interest rates and rising living costs.

  • South Korea Holds Rates as Prices, Economy Worry Wednesday, 7 May 2008 | 10:07 PM ET
    Korea, Korean Flag

    South Korea's central bank held interest rates steady for the ninth consecutive month on Thursday, saying Asia's fourth-largest economy was faced with conflicting risks from inflation and economic slowdown.

  • Advantage: Obama Wednesday, 7 May 2008 | 5:39 PM ET
    Barack Obama

    By rebounding from his political struggles over Jeremiah Wright and gas taxes, Sen. Barack Obama may have survived the toughest punch that Sen. Hillary Clinton can throw. There was another sign Wednesday...

  • Energy speculators are getting a bum rap. Instead of condemning them, they ought to be blessed, as impartial messengers of a greener future. That’s one key message in Goldman Sachs’s widely cited ‘Super Spike’ report issued Tuesday about oil prices very likely ramping to $150-200 per barrel, possibly by the time of the presidential elections.

  • Investment Banks May Have to Disclose Liquidity Wednesday, 7 May 2008 | 3:51 PM ET

    The chairman of the U.S. Securities and Exchange Commission said the agency plans to require the top investment banks to publicly disclose their current liquidity and capital positions.

  • The Oil Rally: Honestly, I Just Don't Get It Wednesday, 7 May 2008 | 3:49 PM ET

    This is crazy. Today's oil rally really doesn't make sense. There was no new headline about a major global supply disruption. There are reports Exxon has lifted "force majeure" on its exports of Nigeria crude.

  • Oil Finishes at New Record Peak Above $123 Wednesday, 7 May 2008 | 3:05 PM ET

    Oil prices climbed to a fresh closing peak of above $123 a barrel despite a big increase in U.S. crude supples.

  • Oil Rally May Stall Rebound By US Economy, Stocks Wednesday, 7 May 2008 | 2:20 PM ET

    The continued surge in oil prices is starting to cut into economic growth--and with it, the slowly recovering stock market.

  • Dollar Broadly Firmer, Weak Data Drives Euro Lower Wednesday, 7 May 2008 | 11:56 AM ET
    Dollar and Euro

    The dollar gained broadly on Wednesday, supported by hawkish comments from a Federal Reserve official that helped cement views that the U.S. central bank's cycle of aggressive interest rate cuts may be nearing an end.

  • Chevy Malibu: A Good (Selling) Car For Tough Times Wednesday, 7 May 2008 | 10:50 AM ET
    2008 Chevy Malibu

    There's an old adage in the car business that even in tough times, good cars will still sell. That might explain why certain models continue to fly off dealer lots and even sell at a higher price, even though the overall auto market is down. Perhaps the most interesting example is the new Chevy Malibu.

  • Consumers Using Tax Rebates for Bills, Savings Wednesday, 7 May 2008 | 10:20 AM ET
    Tax Refund Check

    The first batch of U.S. taxpayers has already started to receive their federal tax rebates as part of the economic stimulus package, but very few consumers interviewed by Reuters in the past week said they plan to spend them on anything other than necessities.

  • US Credit Crisis Is Easing, Merrill CEO Thain Says Wednesday, 7 May 2008 | 9:55 AM ET

    The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.

  • A View from the Top: What the CEOs are Saying Wednesday, 7 May 2008 | 9:39 AM ET

    Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Wednesday.

  • Poll: Where Will Euro Zone Rates be by Year End? Wednesday, 7 May 2008 | 9:32 AM ET

    The European Central Bank is widely expected to keep interest rates on hold at 4 percent  on Thursday, but the opposing pressures of rising inflation and slowing growth could mean the central bank has to act before the year is out.

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