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Futures Slump as Fed Threatens to Yank Stimulus Rug

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  • Ben Bernanke's Speech Tuesday, 16 Oct 2007 | 9:36 AM ET

    The text to a speech given by Federal Reserve Chairman Ben Bernanke on "The Recent Financial Turmoil and its Economic and Policy Consequences" on October 15, 2007 in New York City.

  • Boston Scientific Seen Cutting Thousands of Jobs Tuesday, 16 Oct 2007 | 8:50 AM ET

    Medical device maker Boston Scientific is preparing to slash thousands of jobs to counter slumping sales, according to a media report Tuesday.

  • I Vent (On Ann Coulter) And You Respond! Monday, 15 Oct 2007 | 3:13 PM ET

    The response to the Ann Coulter blog streams in! From Roald M: "Miss Wells states very well what christians believe. Ann Coulter, as is her style, put christian beliefs in a way that meant to bring on discussion or comment, but believe me, was not mean spirited..

  • NY Fed Manufacturing Index Hits Three-Year High Monday, 15 Oct 2007 | 10:06 AM ET

    Manufacturing activity in New York State factories improved in October as new orders and shipments indexes jumped, New York Federal Reserve said on Monday.

  • Ann Coulter Doesn't Speak For Me Monday, 15 Oct 2007 | 9:57 AM ET
    Ann Coulter

    This is a challenging blog to write. It’s very personal. The funny thing about being a Christian in this country is that, while Christianity is the dominant religion, I find it difficult to say, “I am a Christian.” I feel some people jump to conclusions, few of them flattering.

  • Consumer Sentiment Edges Lower in October Friday, 12 Oct 2007 | 10:35 AM ET

    U.S. consumer sentiment fell slightly in early October to its lowest in more than a year as uncertainty grew about the extent of the housing slump, a survey released Friday showed.

  • Bush Says He Believes in Strong Dollar Policy Friday, 12 Oct 2007 | 1:56 AM ET

    President Bush said in an interview with the Wall Street Journal Thursday that he believes in a "strong dollar policy" and that a trade war with China is not in the US interest.

  • US Home Foreclosures Fall 8% in September Thursday, 11 Oct 2007 | 1:52 PM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    US home foreclosure filings decreased 8% in September from a 32-month peak in August, though they are still nearly double their year-ago levels, a report said on Thursday.

  • Economy Shows Strength As Jobs, Exports Improve Thursday, 11 Oct 2007 | 10:58 AM ET
    Container werden am 2. August 2007 im Terminal Burchardkai der Hamburg Hafen und Logistik AG (HHLA) in Hamburg verladen. Im Containerterminal Burchardkai wurden 2006 rund 2,9 Millionen Standardcontainer umgeschlagen. Hamburg ist als Nummer neun unter den Top Ten der weltgroessten Containerhaefen. (AP Photo/Kai-Uwe Knoth) 
--- Oversea containers are handled at the container terminal Burchardkai in Hamburg, northern Germany, on Aug. 2, 2007. Hamburg ranks place nine among the world's biggest conta

    The U.S. economy showed signs of resilience according to data released on Thursday, with exports surging to a record in August and a weekly labor market gauge showing the number of longer-term unemployed unexpectedly fell.

  • Australia's Jobless Rate Drops to 33-Year Low Thursday, 11 Oct 2007 | 12:03 AM ET

    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.

  • Fed Comments Suggest Rate Cut Far From Certain Wednesday, 10 Oct 2007 | 11:21 AM ET

    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.

  • Economists Cut Forecasts for US Growth in 2008 Wednesday, 10 Oct 2007 | 3:41 AM ET

    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.

  • GOP Presidential Debate: The LIVE Blog Tuesday, 9 Oct 2007 | 5:55 PM ET

    Up to the minute blog of the CNBC/MSNBC/WSJ GOP Presidential Debate in Dearborn, Michigan.

  • Fed Was United in Cutting Interest Rates Last Month Tuesday, 9 Oct 2007 | 3:03 PM ET

    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.

  • US Small Business Optimism Rises in September Tuesday, 9 Oct 2007 | 7:57 AM ET

    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.

  • Greenspan Says U.S. Economic Growth Is Slowing Sunday, 7 Oct 2007 | 11:55 AM ET

    Former Federal Reserve Chairman Alan Greenspan said Sunday that the rate of U.S. economic growth was slowing, but the odds of a recession are less than 50%.

  • Two major U.S. financial firms warned of more fallout from recent credit turmoil Friday, but resilience in the the jobs market bolstered investor sentiment.

  • Jobs Report Misses Growing Number of Contractors Friday, 5 Oct 2007 | 12:54 PM ET

    The Labor Department's jobs number tracks people in the work force, but it doesn't account for millions of workers classified as independent contractors. Now, a battle is brewing over whether contractors like Gupertino Magana are getting a fair deal.

  • Fed's Kohn Sees Further Weakness in Housing Market Friday, 5 Oct 2007 | 11:31 AM ET

    Federal Reserve Vice Chairman Donald Kohn said Friday moderate growth should return to the U.S. economy after a period of weakness due to a prolonged housing slump and higher borrowing costs.

  • Text: Donald Kohn's Speech Friday, 5 Oct 2007 | 10:58 AM ET

    The prepared speech given by Federal Reserve Vice Chairman Donald Kohn on the economic outlook. The speech took place in Philadelphia on October 5, 2007.