CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.» Read More
The Federal Reserve looks set to deliver a small interest rate cut on Wednesday, though the central bank could signal that this is the last in a cycle.
U.S. consumer confidence fell to a five-year low this month as Americans confronted the grimmest jobs outlook since late 2004, while data also showed a record drop in home prices in February.
U.S. manufacturers are much more pessimistic about the U.S. economy and the direction of their businesses than they were three months ago, according to a quarterly survey of senior industrial executives released Tuesday.
Asian markets were lackluster on Tuesday following a flat finish in the U.S. stock market. But Greater China shares remained firm on the back of positive corporate earnings. Most investors were sidelined and cautious ahead of the Federal Reserve's two-day meeting.
New Zealand posted a surprise trade deficit in March, driven by lower dairy exports and higher oil imports, suggesting slower economic growth in the first quarter and sending the currency lower.
The U.S. dollar may lurch higher on Wednesday if the Federal Reserve signals an end to its campaign of slashing interest rates, but a rally would soon fizzle if April's jobs report comes in well below forecasts.
So has Hillary Clinton's battle between Barack Obama been going on forever, or does it just seem that way? When the battle effectively began--in Oct. 2006 when Mr. Obama declared he had changed his mind and was considering a White House bid--the average price of gas then stood at $2.20-a-gallon.
Another round of supply fears helped keep oil in record territory, after prices in electronic trading hit a new all-time high: just 7 cents shy of $120 a barrel. The markets reacted to "expected" supply disruptions in Nigeria to the North Sea, despite already having priced it in last week.
Ratings could be better, so could the economy and advertising spending. What is CBS doing to halt the tumble in it stock price? Stay tuned.
I have been covering the credit crunch since around 8:30 cet on August the 9th 2007 when BNP Paribas was forced to announce problems at 3 of their biggest funds. Producing Squawk Box I remember Alchemy Partners Jon Moulton telling Geoff Cutmore that this would be just the start and he was right.
The dollar's rally stalled on Monday as investors bought euros to square up positions ahead of a key policy meeting by the U.S. central bank later this week.
The disparity between U.S. and euro zone interest rates is starting to cause problems, French Economy Minister Christine Lagarde told CNBC Monday, adding that Europe’s rampant inflation will ease.
It’s a harbinger of the new energy and possibly even a new social paradigm. Millions of Americans are facing energy shut-offs of basic heating and electricity services because they have fallen behind their utility bills, the New York Times usefully reported Friday in a story that deserved front page play rather than on page 16.
The US economy indeed has entered into a recession, even if the traditional indicators aren't showing it yet, billionaire investment guru Warren Buffett said.
For this Green Week ending, April 25, 2008 the US Markets ended the week slightly to the upside driven by a comeback in the dollar, a streak of records for crude oil, better than expected jobless claims, 26-year low consumer sentiment, surprise earnings, and a 10 point victory for Hillary Clinton in the Pennsylvania Democratic primary.
Asian markets trimmed their early gains on Monday as investors took a breather following a rally in financial stocks. But many remained optimistic that the banking sector may finally be putting the credit crunch behind it.
Japanese retail sales rose 1.1 percent in March from a year earlier, government data showed on Monday, matching economists' median forecast.
The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.
If the U.S. Federal Reserve wants to restrain oil and food prices and help downtrodden consumers, the best thing it can do is stop cutting interest rates.
With the US heading for recession, the European Commissioner for Economic Monetary Affairs could be forgiven for lauding the strength of the European economy when he unveils his spring economic forecast on Monday.
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