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  • For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08. 

  • Market Insider: Energy Price Predictions Friday, 9 May 2008 | 1:52 PM ET

    With increasing anxiety, the stock market is looking over its shoulder at the energy markets. Oil briefly topped $126 per barrel today, and as oil trades above $125, we wonder how much these high prices will spread out to affect the consumer, corporate profits, corporate spending and government spending.

  • Hot Hybrids: Paying More to Save on Gas Friday, 9 May 2008 | 1:29 PM ET
    Toyota Prius

    Here's one to make you scratch your head and say, "what the heck is going on here?" I suspected that higher gas prices have probably kept demand and prices up for hybrids, so I asked the folks at J.D. Power's Power Information Network and Kelley Blue Book to run the numbers.

  • HSBC: The World’s Local Bank? Friday, 9 May 2008 | 1:15 PM ET

    The global imbalances story is well documented. The spend thrift United States has borrowed trillions at a government and consumer level whilst cash rich economies in Asia and the Middle East have been more than willing to fund the spending spree

  • Europe's Recent Rally May Be Cut Short Next Week Friday, 9 May 2008 | 12:26 PM ET

    A recent bear-market rally in Europe may be cut short next week, when stocks are likely to be dragged lower as investors balk at the rising price of oil and fears that the financial sector woes are not over, return to haunt the markets.

  • Surging Oil Prices Weigh on Asian Markets Friday, 9 May 2008 | 5:19 AM ET
    Investors study shares prices during the morning trading at RHB private stock market gallery in Kuala Lumpur, Friday, Feb.3, 2006. Malaysia's key stock index rose Friday to a 15-week high as foreign funds plowed into key bluechips after a long holiday. The Composite Index of 100 blue chip stocks ended at 927.85 points, up 13.84 points or 1.5 percent from last Friday's close. (AP Photo) **MALAYSIA OUT**

    Oil's relentless surge to a new peak above $124 weighed on Asian shares Friday, while a stronger yen pressured Japanese exporters, such as Toyota Motor.

  • Oil Settles Near $124, Posting Yet Another Record Thursday, 8 May 2008 | 4:38 PM ET

    U.S. crude oil futures ended at a record high on Thursday, fueled by yet another rally in heating oil futures, which hit a new peak.

  • Looking for Answers on Oil's Sudden Spike Thursday, 8 May 2008 | 3:13 PM ET

    Oil prices have soared nearly 10 percent in the past four sessions alone, and CNBC asked the experts for insights and answers.

  • Lenders May Have to Disclose More About Rates Thursday, 8 May 2008 | 1:23 PM ET

    Lenders would be required to tell consumers when they are being offered less favorable terms based on poorer credit scores under new rules proposed on Thursday by the Federal Reserve and the Federal Trade Commission

  • Dollar Falls Vs. Euro on Comments from ECB Thursday, 8 May 2008 | 1:03 PM ET
    Exchanging Dollars and Euros

    The U.S. dollar pulled back from a two-month high against the euro after the European Central Bank left interest rates unchanged and its president's comments focused more on inflation than some had expected.

  • Paulson: Tax Rebates to Aid Economy by Summer Thursday, 8 May 2008 | 12:29 PM ET
    Henry M. Paulson, US Treasury Secretary

    U.S. Treasury Secretary Henry Paulson said on Thursday tax rebates now being issued to Americans will immediately help consumers and bolster the economy by summer.

  • 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...

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