World Economy


  • Japan June Production Fall Adds to Recession Fears Tuesday, 29 Jul 2008 | 10:47 PM ET
    Japanese Flag

    Japanese industrial output fell a little more than expected in June and marked its second straight quarter of decline, adding to concern that the economy may be slipping into recession as high energy costs curtail corporate activity.

  • Market Insider: Wednesday Look Ahead Tuesday, 29 Jul 2008 | 10:14 PM ET

    Oil inventory data could be as much a factor for stocks as energy markets Wednesday, if the seesaw trade between the two markets continues.

  • Dollar Jumps as Oil Drops, Consumer Mood Brightens Tuesday, 29 Jul 2008 | 2:45 PM ET
    Dollar and Euro

    The dollar surged to a one-month high on Tuesday as a sharp drop in crude oil prices and an unexpected rise in U.S. consumer confidence in July buoyed demand for riskier assets and sparked a rally on Wall Street.

  • Euro Shares Higher on US Data, Oil Declines Tuesday, 29 Jul 2008 | 12:54 PM ET

    European shares ended higher on Tuesday, snapping a three-day losing streak after data showed a rise in U.S. consumer confidence, though banks limited gains due to worries over more writedowns linked to a credit crisis.

  • Consumer Mood Brightens But Continues to Be Fragile Tuesday, 29 Jul 2008 | 10:05 AM ET

    U.S. consumer confidence halted a six-month slide in July, bouncing off its lowest level in more than a decade as worries over inflation receded slightly, the Conference Board said.

  • Tracking IndyMac's Downfall Tuesday, 29 Jul 2008 | 5:16 AM ET

    After his mortgage company nearly crashed a decade ago, Michael W. Perry set a new course. He bought a bank so the company, soon rechristened IndyMac Bank, would never run short of money again.

  • Market Insider: Tuesday Look Ahead Monday, 28 Jul 2008 | 9:33 PM ET

    Tuesday has all the makings of another choppy session with little economic data but more fretting about the financial sector and plenty of earnings news.

  • Japan Jobless Rate Rises, Spending Falls in June Monday, 28 Jul 2008 | 8:59 PM ET
    Japanese Flag

    Japan's jobless rate rose in June to a near two-year high and household spending fell again from a year earlier, data showed on Tuesday, in a sign of further trouble for an economy already battered by surging energy costs.

  • Financial Sector Jitters Restrain Dollar Monday, 28 Jul 2008 | 1:27 PM ET

    The dollar eased Monday as persistent worries over the financial sector cast a pall over the health of the U.S. economy despite last week's upbeat housing and consumer sentiment data.

  • Chrysler: What Gives? Monday, 28 Jul 2008 | 9:57 AM ET

    The signs are not good. From Chrysler's decision to stop leasing cars, to its recent decisions to cut staff and close plants, to its lack of major new product announcements, there is little of late inspiring confidence that this company can stage a comeback...

  • Budget Deficit to Hit Record, Official Says Monday, 28 Jul 2008 | 9:35 AM ET

    A senior Bush administration official says the budget deficit for this year will set a record in dollar terms, approaching $490 billion.

  • German Consumer Morale Falls to 5-Year Low: GfK Monday, 28 Jul 2008 | 4:19 AM ET

    German consumers have become more downbeat than at any time since the recession year of 2003 due to growing concerns about inflation and turmoil on financial markets, the GfK market research group said on Monday.

  • Economic Headwinds Increasing: Fed's Stern Monday, 28 Jul 2008 | 4:14 AM ET
    Federal Reserve

    Inflation is a concern in the United States and headwinds to economic growth may be  picking up, Minneapolis Fed President Gary Stern said in a newspaper interview published on Monday.

  • WTO Talks Boosted by Banana Row Progress Sunday, 27 Jul 2008 | 11:45 PM ET
    Chiquita Banana

    Talks to rescue a global trade deal got another boost on Sunday with progress towards settling a row over bananas and other long-standing disputes, but concerns grew about China's openness to imports.

  • China to Use Interest Rates to Steer Economy Sunday, 27 Jul 2008 | 9:08 PM ET
    China, Chinese Flag

    China will use a variety of tools, including interest rates, to stabilize growth and keep the world's fourth-largest economy on an even keel, the central bank said on Sunday.

  • Market Insider: The Week Ahead Friday, 25 Jul 2008 | 7:18 PM ET
    Wall Street

    Like a sailing ship waiting for the wind to shift, the stock market could drift as it focuses on oil, economic data and earnings reports in the week ahead.

  • For the week ending Friday, July 25, 2008, the markets closed mixed for the week, on negative housing data, and mixed earnings results.  An early rally in financial and airlines stocks, supported by the continued slide in oil prices, was quickly wiped away by ongoing uncertainty in the economy. The Dow dropped more than 280 points on Thursday, marking the worst one day point drop in over a month. However, Friday saw a slight rebound on strong durable goods and a bounce back in consumer sentiment.  Only the Nasdaq finished slightly up 1.2% for the week.  The Dow and S&P finished down 1.09% and 0.23%, respectively.

  • US Dollar Gains vs. Yen on Housing, Sentiment Data Friday, 25 Jul 2008 | 4:48 PM ET

    The U.S. dollar rose against the Japanese yen on Friday, after a trio of better-than-expected data injected a dose of optimism aboutthe U.S. economy.

  • The Dollar Stages a Comeback the Hard Way Friday, 25 Jul 2008 | 2:37 PM ET

    Of all the talk about a market bottom, one area that may well have found its turnaround point is the dollar.

  • New Home Sales Fall, but Stronger than Expected Friday, 25 Jul 2008 | 10:14 AM ET
    Home Sales Classified

    Sales of newly constructed US single-family homes were stronger than expected in June, providing a glimmer of hope for the beaten-down housing market.

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