CNBC's Bob Pisani and Art Cashin, of UBS, discuss low market volume amid new highs, and the impact of China's sell-off on global growth.» Read More
Australia's jobless rate fell to a fresh 33-year low of 4.2% in September, keeping alive speculation that interest rates would need to be raised again to cool the economy and restrain inflation.
The dollar fell Wednesday on speculation that the Federal Reserve may cut interest rates again this year, to prevent a weak housing sector from damaging the broader economy.
Oil futures surged Wednesday in a late rally driven by news that workers at Chevron facilities in Nigeria had staged a surprise strike, and by a report that demand for gasoline is up.
Federal Reserve officials Tuesday said the U.S. economic outlook is unclear, but credit market strains that led the central bank to cut interest rates sharply last month are easing, suggesting a follow-up rate cut is not a done deal.
Demand for applications to purchase US homes and refinance existing mortgages rose last week, after total loan requests fell the prior two weeks, an industry trade group said on Wednesday.
Asian markets closed broadly higher Wednesday, having been cheered by a rally on Wall Street the previous day after the Federal Open Market Committee's meeting minutes revealed a unanimous decision to cut US interest rates.
US economists have chopped their forecasts for 2008 economic growth for a third straight month, saying the housing slump will be deeper and last longer than earlier expected, a survey released on Wednesday showed.
The Singapore dollar hit a 10-year high versus the U.S. dollar on Wednesday after the central bank surprised markets by tightening monetary policy slightly, and other Asian currencies firmed as share prices rose.
Singapore's central bank unexpectedly moved to keep inflation in check by tightening its monetary policy and allowing the Singapore dollar to rise, amid signs that it is worried over rising prices. Separately, the economy grew a seasonally adjusted rate of 6.4% in the third quarter.
Up to the minute blog of the CNBC/MSNBC/WSJ GOP Presidential Debate in Dearborn, Michigan.
Stocks ended higher after minutes from the Federal Reserve 's last meeting encouraged investors hoping for further rate cuts. "I don't think there is any question it's a good thing for stocks, it just reinforces the view from the investor's perspective that the Fed's there to save the day if necessary," said Michael Chren, portfolio manager at Allegiant Asset Management.
All of the Fed's policy-setting committee agreed that a half-point cut in rates was needed to shield the economy from credit disruptions and the housing slowdown, minutes of the Sept. 18 meeting showed.
The dollar fell against the euro on Tuesday, after earlier hitting a two-week high, as traders stepped in to buy back the common currency at cheaper levels.
Oil rose $2 to over $81 per barrel Tuesday, on concerns about consumer-nation supplies ahead of the coming Northern Hemisphere winter.
Also, explaining the U.S. business cycle as it relates - or doesn't - to a global company.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The major European indexes closed in broadly positive territory Tuesday as merger and acquisition activity returned and signaled an easing to the recent credit crisis.
European Central Bank President Jean-Claude Trichet signaled the bank was still biased towards a rate hike, despite calls for action to curb the euro's rise against the dollar.
U.S. small business owners in September grew slightly more optimistic about the economy improving in the months ahead, a survey released on Tuesday showed.
The U.S. subprime housing crisis will not peak until 2009 and total defaults could reach $150 billion, Standard and Poor's said.
Mr. Euro -- or the late Wim Duisenberg -- would sympathize with Jean-Claude Trichet’s dilemma. Trichet is facing a hostile cabal of politicians from among the 13 euro-zone governments who want him to cut interest rates to take momentum out of the strengthening single currency.
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