NEW YORK— U.S. stocks are closing lower as investors worry about the economy, interest rates and stock valuations. News Corp., which publishes The Wall Street Journal, fell 6 percent after its results missed forecasts. Noodles& Co. plunged 19 percent.» Read More
Germany's unemployment rate continued to improve in June, falling to 8.8% from 9.1% the month before in another reflection of better times in Europe's biggest economy.
The Federal Reserve’s two-day meeting on interest rates, inflation and the economy started Wednesday. Is the Fed overly concerned with inflation? Carl Tannenbaum, chief economist at LaSalle Bank, and Paul Kasriel, senior vice president and director of economic research at Northern Trust Company, offered their insights on “Morning Call.”
You have to admit, Canada is the best neighbor on the planet. But now Canada wants Americans to know she will no longer be taken for granted as the girl next door! The Canadian Tourism Council says Canada is "tired of hearing that it's too nice, too pretty, too pristine and too safe." Gee, I bet Iraqis would love to have that rep. WE'D love that rep. But the Canucks are touting the country's "new personality and make-over," like some sort of silicone implant, with a new slogan "Keep Exploring."
Julia Coronado, senior U.S. economist at Barclays Capital, told CNBC’s “Power Lunch” that she believes the Federal Reserve’s primary concern is still inflation -- but that doesn't mean there won't be a rate cut down the line.
Jason Schenker, an economist at Wachovia, told CNBC’s “Morning Call” that he believes 2007 will mark the bottom of the housing market, in starts and sales of new and existing homes. But he expects housing prices to remain flat for the next two or three years -- despite solid economic and demographic growth.
Investor and business confidence in Germany slipped unexpectedly in June, putting a halt to six straight months of increases, with development in Europe's biggest economy expected to hold steady but not gain momentum in the near-term.
Finland's unemployment rate continued its downward trend, falling to 8.5% last month, its lowest May rate in 16 years, the government statistics agency said Tuesday.
The coming week is light on economic data, but will be big in determining whether Wall Street's bulls are back in charge.
Thirty-seven percent of dads say they would leave their jobs if they could afford it, according to the annual Father’s Day survey from CareerBuilder. Another 38% said they would take a pay cut in order to spend more time with their children.
Three months of takeover turmoil surrounding ABN Amro are taking a toll on the Dutch bank as employees become increasingly frustrated and rivals try to lure away talent.
Michael Darda, chief economist at MKM Partners, told CNBC’s “Street Signs” that the current Beige Book is the “best of all worlds.”
U.S. employers are still taking a wait-and-see approach to adding jobs, according to a Manpower survey released Tuesday.
On “Morning Call,” Brian Stine, investment strategist at Allegiant Asset Management, and Edgar Peters, chief investment officer at PanAgora Asset Management, discussed the best places for investors’ money during the current volatile market.
Volatility is back with a vengeance, and investors will be watching next week's economic calendar carefully, with inflation data topping the list.
In an exclusive interview with CNBC, Michael Moskow, president of the Chicago Federal Reserve Bank, said he believes inflation expectations are “well contained” and he sees stronger economic growth ahead.
Mike Huckabee, former Arkansas governor and presidential candidate, told “Squawk Box” he’s “running the electric car of presidential campaigns.” Huckabee advocated change on several key fronts: taxation, health care and U.S. relations with Russia -- and used the NASCAR race as an analogy for his competitive edge.
Sony's game unit said on Thursday it planned to cut jobs in the United States and was eyeing restructuring steps in Japan as it struggles to keep up with industry rival Nintendo.
Australian employment surged way past all expectations for a second straight month in May, driving the jobless rate to 33-year lows and fuelling concerns the drum-tight labor market would eventually stoke inflation.
The White House remains optimistic about the U.S. economy, despite its forecast that the gross domestic product will drop from 2.9% to 2.3% for 2007. Chairman of the Council of Economic Advisors Edward Lazear shared his insights with CNBC’s Liz Claman on “Morning Call.”
European planemaker Airbus will unveil further details of its Power8 restructuring programme to its unions on Tuesday, hoping to dampen nationalist rivalries blamed for superjumbo production delays.