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  • Recession Fears Grow, But So Do Hopes for Rate Cut Friday, 4 Jan 2008 | 5:31 PM ET

    A worse-than-expected report on December job growth fueled worries about a U.S. recession but also heightened speculation of more interest-rate cuts.

  • Oil Ends Down at $97.91 on Soft U.S. Jobs Data Friday, 4 Jan 2008 | 4:17 PM ET
    Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Oil retreated further from the $100 a barrel mark on Friday as gloomy U.S. jobs data heightened concern over the health of the U.S. economy. Equities markets and the dollar also fell after a government report showed the U.S. unemployment rate rose to 5 percent in December -- its highest in more than two years.

  • Oil prices have pulled back from the century mark, but supply worries could help to keep oil prices near these heights. I’m keeping a close eye on the global hot spots that were major factors in crude surging nearly 60 percent last year--because they could be the catalysts for oil prices to pop or drop in 2008.

  • The markets will quickly move from the debacle of the jobs report to earnings, and here the picture is a bit precarious as well. Fourth quarter earnings estimates have been coming down fast. We're expecting earnings for the S&P 500 as a whole to be down 9.5 percent (estimates from Thomson).

  • Weak Jobs Report Fuels Worries About Recession Friday, 4 Jan 2008 | 1:04 PM ET

    Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.

  • Fed to Offer Banks $60 Billion in January Auctions Friday, 4 Jan 2008 | 12:21 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve announced Friday that it is increasing the amount of money available to banks through a new auction process, one of the main ways it is combatting a severe credit squeeze. The Fed again pledged to continue with the auctions "for as long as necessary."

  • Dollar Falls After Weak Jobs Report, Off Lows Friday, 4 Jan 2008 | 11:57 AM ET

    The dollar fell Friday after a December report showing the weakest jobs growth since August 2003 fueled fears of a recession and increased the likelihood of an aggressive rate cut by the Federal Reserve later this month.

  • Housing Slump May Bottom by Mid-Year: Bush Adviser Friday, 4 Jan 2008 | 11:21 AM ET

    The drag on the U.S. economy from a deep housing slump should ease by mid-year, paving the way for stronger economic growth, a top White House adviser told CNBC.

  • European Inflation Stays Above Target Friday, 4 Jan 2008 | 10:55 AM ET

    High oil prices, driving up the cost of transportation and other services, as well as spiraling food prices contributed to euro-zone inflation staying well above the target while Swiss inflation came in at a 12-year high, data showed on Friday.

  • Rate Cuts Seen More Likely Following Jobs Report Friday, 4 Jan 2008 | 9:52 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The odds of future interest rate cuts increased Friday after the release of weaker-than-expected December jobs data.

  • Weak Jobs Report Could Ignite Recession Worries Friday, 4 Jan 2008 | 7:37 AM ET
    Help Wanted Sign

    The first employment report of the year looks set to make or break the trading day for stocks worldwide, as investors' fears about the fate of the U.S. economy grow.

  • Asian Stocks End Higher, But Japan Sinks Friday, 4 Jan 2008 | 5:41 AM ET

    Japanese stocks tumbled as much as 5 percent on Friday, the first trading day in a week, as growing worries about the U.S. economy battered Wall Street.

  • Inflation Risk May Limit Fed Rate Cuts: WSJ Friday, 4 Jan 2008 | 5:16 AM ET

    Worries about inflation may limit any monetary easing by the Federal Reserve, even though credit crunch and a slower economy have investors expecting aggressive interest rate cuts, The Wall Street Journal said on Friday.

  • Oil Ends at $99.18 After Hitting $100 For 2nd Day Thursday, 3 Jan 2008 | 4:11 PM ET

    Oil fell Thursday as traders took profits from a record rally that had pushed oil to $100 per barrel two days in a row -- a level that has raised a red flag over global economic growth.

  • Dollar Steady vs Euro, Yen on US Jobs Growth Thursday, 3 Jan 2008 | 12:15 PM ET

    The dollar was largely unchanged against the euro and yen Thursday, erasing overnight losses after a report showed enough U.S. private sector job growth to ease fears about Friday's payrolls data.

  • Oil Prices: They're Actually Going To Go Down? Thursday, 3 Jan 2008 | 11:17 AM ET

    Oil has everyone ajar on Wall Street, but today Stratfor--a respected global geopolitical consultant--has put out a thought-provoking piece arguing that oil prices are likely to go DOWN, not up, in the coming months. A massive reduction in global demand due to a softer global economy? No, though that is the usual suspect the oil bears argue.

  • Bush May Propose Economic Stimulus Package Thursday, 3 Jan 2008 | 11:10 AM ET

    President Bush said he was considering the possibility of offering a fiscal stimulus package to help boost the economy but said he has not made a decision yet.

  • Factory Orders Surged a Surprising 1.5% In November Thursday, 3 Jan 2008 | 10:54 AM ET

    New orders at U.S. factories surged a bigger-than-expected 1.5 percent in November on a bigrise in orders for nondurable goods, a government report showed on Wednesday.

  • Beyond $100 a Barrel Oil: Prices Seen Rising Further Thursday, 3 Jan 2008 | 7:35 AM ET

    Oil prices, which on Wednesday hit $100 a barrel for the first time, will probably go up further in the next five years unless economic growth falters and slows fuel demand.

  • Mortgage Applications Tumble for Third Week Thursday, 3 Jan 2008 | 7:22 AM ET

    U.S. mortgage applications tumbled for the third straight week to the lowest level since July 2006 even as borrowing costs declined, an industry trade group said on Thursday.

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