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Growth in the U.S. service sector slipped in November, indicating some parts of the economy were feeling the effects of the housing downturn and credit market strains, according to a report released Wednesday.
U.S. private employers added 189,000 jobs in November, a report by a private employment service said on Wednesday, much higher than market expectations.
Asian markets closed in positive territory Wednesday, with the exception of Australia's S&P/ASX 200 index, despite growing fears the U.S. economy might slip into recession. Both South Korea and Japan closed higher after spending most of the morning in negative territory.
Australia's central bank skipped a chance to raise interest rates on Wednesday as turmoil in global credit markets clouded the outlook for the world economy, even as economic growth at home hit a three-year high.
Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.
Hi all. This is my first post for Energy Source and like Melissa says, we hope this blog to be informative and fun. So, here I go. Questions, questions. I've been hearing a lot of questions about OPEC lately. In fact, OPEC talk has been all-consuming for the past week as oil prices have slid from over $99 a barrel to a six-week low under $89. But the bigger question many analysts and traders are asking is does OPEC really matter?
Oil prices crept back up to end over $88 per barrel Tuesday, as traders reacted to mixed signals on whether OPEC would decide to increase production during its meeting this week.
U.S. chief executives' view of the economy improved in the fourth quarter, although they have become far more concerned about energy prices.
The yen rose against the dollar and higher-yielding currencies for a second day, with investors shying away from risky assets amid deepening concerns over the credit turmoil and tightening liquidity.
Federal Reserve Bank of San Francisco President Janet Yellen said on Monday that worsening financial conditions and weaker-than-expected economic data have raised downside risks to the economic outlook.
Hello and welcome to Energy Source. My colleague, Sharon Epperson and I will be blogging about the all that's energy related in this spot and we hope it will be informative and fun. We'd like to hear from you as well, so drop us an email with your thoughts and comments on anything you read here. We'll certainly post them as we go along. Here we go then.
It's tough for a stock to get into Robert Millen's good graces. The co-portfolio manager of the Jensen Portfolio told CNBC he looks for companies with best-in-class products and steadily increasing bottom lines -- and he offered viewers two names that fit the bill.
Financial market anxiety has rebounded and the process of rebuilding confidence will be "long and slow," a top U.S. Treasury official said on Tuesday.
Asian markets finished mixed Tuesday as investors fretted over the health of the U.S. economy. Japan closed almost 1 percent lower, but South Korea and China made gains of almost 1 percent.
Australian retail sales rose less than forecast in October as consumers cut back on household goods purchases after months of heavy spending, reinforcing expectations the central bank will keep rates on hold this week.
Oil prices closed Nymex trading above $89 per barrel Monday, after sinking to their lowest in more than five weeks -- a fall that led to doubts that OPEC will agree to boost oil output at a meeting this week.
The yen gained broadly Monday as investors cut exposure to risky carry trades amid expectations of widening financial sector losses tied to the U.S. subprime mortgage market.
Growth in U.S. factory activity slipped in November for the fifth straight month as tight credit conditions and the housing downturn restrained production, according to an industry report released Monday.
Unemployment in the 13 nations that use the euro fell to a new record low of 7.2 percent in October, the EU statistics agency Eurostat said Monday, as Europe's recent growth spurt cut jobseeker queues that are the longest in the industrialized world.
The Federal Reserve will cut interest rates by a full percentage point before June to help the housing market, Citigroup's chief economist, Lewis Alexander, said.