CNBC's Dominic Chu and Art Cashin, of UBS, discuss the slow summer day. Coming out of the Fed minutes could have a negative bias, he says. Yellen and Draghi speak on Friday.» Read More
This blog post comes from CNBC energy producer Judy Gee. Today's CPI report revealed energy prices had fallen a half percent in February, which stood in contrast to the 0.7 percent gain in January. In separate data, the Energy Dept. reported that heating oil, natural gas and diesel fuel all rose last month, but retail gasoline on average fell by a penny.
European stocks are set to be dominated by events in the U.S. next week, as the Federal Reserve is likely to cut rate cuts further and the big three U.S. brokerages deliver earnings to volatile markets.
Fed Chairman Ben Bernanke is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.
Oil slipped Friday as investors took profits from a record rally that pushed prices to a record $111 in the previous session.
The dollar fell below 100 yen for the second straight day and hit a record low against the euro after Bear Stearns said a worsening cash position had forced the Wall Street firm to secure emergency financing.
President Bush, on a drive to bolster faith in the U.S. economy amid fears of a recession, said Friday the economy was resilient and would regain its strength despite the hard times.
As we watch GM and Ford shares approach lows we haven't seen since the days when Michael Jackson's "Thriller" was topping the charts, and while mighty Toyota ponders cutting truck production in the U.S., I decided Friday deserves some lovin'.
The United States has entered a recession that could be "substantially more severe" than recent ones, former National Bureau of Economic Research President Martin Feldstein said Friday.
Cheaper energy and transportation prices helped keep overall consumer prices in check, the Labor Department said, a surprise after a run-up that heightened concerns about inflation.
Euro zone inflation hit a new record high of 3.3 percent in February, the European Union's statistics office said, with soaring oil prices taking their toll despite the cushion of a strong euro.
Asian stocks ended mixed Friday as investors were uncertain about whether the worst was indeed over for credit markets. Japan shed 1.5 percent but Australia managed to hang on to gains closing 1.4 percent higher.
China's capital spending on assets such as flats and factories eased at the start of the year, providing more evidence of a modest slowdown in the world's fourth-largest economy.
A mortgage bailout plan hatched between Wall Street and Congress is gaining political traction even though it could be on a crash-course with the Bush administration.
Subprime mortgage write-downs could reach $285 billion, but an end to the write-downs is in sight for big financial firms, S&P said.
Oil prices jumped to a record $111 a barrel Thursday, extending a rally that has added nearly 30 percent to prices in just over a month, amid all-time weakness in the dollar.
Private equity firms are busy sizing up potential acquisitions in the oilfield services sector, even as many assumed the global credit crunch would knock some out of play.
The dollar plunged below 100 yen Thursday for the first time in more than a decade and hit a record low against the euro as worries deepened on Wall Street that the United States had entered a recession.
U.S. consumers cut spending in February and the labor market continued to weaken, suggesting the household-spending pillar that had supported the economy's expansion may be giving way.
We've interviewed a dozen property investors at this year's MIPIM and I can't help wondering if we're really getting the full story.
Asian markets sank Thursday with investors spooked by news that Netherlands-listed fund Carlyle Capital, expects its lenders to seize its assets and cause its likely liquidation. Carlyle Capital is an affiliate of private equity firm Carlyle Group.
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