Discussing what Ukraine means for global markets, with CNBC's Michelle Caruso-Cabrera.» Read More
I mean, about inflation for you and me and Bobby McGee. Not inflation as bankers see it, as economists see it, as central bankers see it. Not about CPIs and PPIs and HICPs. Not about price-adjusted, calendar-adjusted and average-workday-weighted statistics, which economists so fondly call "real" inflation.
Asian markets ended mostly lower Thursday as financials slipped on worries over bank earnings, and after a drop in U.S. durable goods stoked concerns the world's top economy is already in a recession. Both Japan and China finished weaker.
French President Nicolas Sarkozy will ask British Prime Minister Gordon Brown for help in getting Washington to prop up the ailing dollar, but Britain has usually shunned managing exchange rates.
The Bank of Japan still has its sights set on higher interest rates in the future, although it will pursue a flexible policy looking at developments in Japan's economy and global markets, two members of the central bank's policy board said on Thursday.
Australian Prime Minister Kevin Rudd promised not to retreat into a new era of protectionism on Thursday in response to the global financial crisis, and urged other governments to hold their nerve.
Unrealized losses on Japan's $1 trillion foreign currency reserves amount to about 18.5 trillion yen when the dollar is around 100 yen, Finance Minister Fukushiro Nukaga said on Thursday.
Australia's top central banker on Thursday said turmoil in global financial markets had been "quite unsettling", but Australia's financial system was in good shape to deal with the fallout.
Oil climbed over $106 a barrel Wednesday after a U.S. government report showed larger-than-expected drops in fuel stocks and declining fuel production in the world's top oil consumer.
Oil bulls were definitely back in full force today, pushing crude prices up nearly $5 once again to almost $106/barrel. The sharp drop in gasoline and distillate supplies and extended weakness in the dollar against the Euro and so many other currencies help fuel the surge not only in oil prices, but also products.
European markets remained lower Wednesday afternoon, paring back from the previous day's gains, after weak U.S. consumer confidence data and a surprise drop in durable goods fueled fears of a recession and sparking a further dollar weakness.
This afternoon Oracle will give us a first look at how software companies did in the first months of 2008. Did the U.S. economic slowdown take a bite out of Oracle's business? Read on to see what other questions investors will be asking.
The dollar fell for a second straight session Wednesday after an unexpected drop in durable goods orders heightened worries about the health of the U.S. economy and backed expectations of further interest rate cuts.
We might all be paying 75 cents more a gallon for gas if refiners don't play nice. That's what Mark Cooper, author of a Consumer Federation Report to be released later today, says. It's the first time in 8 years that there is downward pressure on gas prices: demand is down, inventory is up, and ethanol is in the mix, he points out.
Orders for big-ticket manufactured goods fell for a second straight month in February, a worse-than-expected performance that provided more evidence of a slumping economy.
Top central bankers warned on Wednesday there was no end in sight yet to the global credit crunch as German banking giant Deutsche said the crisis threatened its profit target for this year.
Tighter lending conditions have made the Bank of England more inclined to cut interest rates as the global credit crunch enters a new and difficult phase, Mervyn King, the central bank's governor, said on Wednesday.
German corporate sentiment unexpectedly rose in March to its highest level in seven months in defiance of the strong euro, surging oil prices and concerns about the economic situation in the United States.
The European Commission expressed concern on Wednesday about the euro's rise, saying it added to the strengthening headwinds facing euro zone growth, but stuck to its 1.8 percent forecast for 2008 economic growth.
Asian markets were mixed Wednesday, with Japan closing lower but South Korea edging up. The U.S. dollar sagged after the biggest drop in U.S. consumer confidence in five years cast doubt on the economy's resilience in the face of a housing and credit slump.
China's economy will avoid a post-Olympics recession, thanks to its vast size, rising consumer spending and big appetite for investment, one of the country's top economic advisers told a state newspaper.
Introducing Morning Squawk: CNBC's before the bell news roundup
Sign up to receive Morning Squawk in your inbox each weekday › Sample