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U.S. consumer confidence rose slightly in December with a marginal improvement in the outlook for business conditions, employment and inflation, according to a private report on Thursday.
Weak durable goods orders last month fueled concern on Thursday over the resilience of the U.S. economy to the country's steep housing slump.
The economy is continuing to show further signs of weakness and rising inflation, according to the latest government reports.
My blog about the difficulties in nailing down an interview with the head of the Writers Guild of America West, Patric Verrone, was posted in the nightly press release from the AMPTP! After that release went out, I heard from the WGA East in a New York second. Why, the WGAE asked, hadn't I requested an interview with its President, Michael Winship? He would happily accommodate me.
Citigroup has dismissed about 30 employees in its structured credit group which helps put together collateralized debt obligations, a source familiar with the matter said.
What you don't see on CNBC-TV are all the calls, meetings, emails, etc, initiated by reporters and producers and bookers and anchors, all trying to convince people to come on our air. I've been going 'round and 'round for a week to get the head of the Writers Guild of America West, Patric Verrone, to come on our air for a live interview.
Treasury Secretary Henry Paulson said Monday that moves by some big banks to bring off-balance sheet investments tied to subprime mortgages back onto their books would help ward off a widespread credit crunch.
Hollywood is a funny business. But no one's laughing right now. Nominees for the Golden Globes have been announced, but the Hollywood Foreign Press Association--the group behind the Globes--has yet to get a waiver from the Writers Guild of America to let writers write the awards broadcast January 13th.
Everybody seems to have an opinion on the Federal Reserve's plan to ease the global credit crunch. Here's what some CNBC guests were saying Thursday.
Central banks banded together to make it easier for stressed banks to borrow money in a credit crunch that threatens to knock the U.S. economy into recession.
Major central banks, including the Federal Reserve and the European Central Bank, acted in unison Wednesday in unveiling plans to provide liquidity to the banking system, where funds covering a longer span of time have become scant.
The Federal Reserve's plan to ease the global credit crunch has been in the works for a while and will be more effective than cutting interest rates, a senior Fed official said.
The U.S. Federal Reserve on Wednesday announced with other major central banks measures to alleviate upward pressure in interbank markets as financial sector troubles have made it more difficult for banks to raise funds. Following are some major steps the Fed has taken to provide funding to the banking system.
The text of the Federal Reserve's statement on adding additional liquidity into money markets released Dec. 12.
The UK labour market continues to look very healthy, with the claimant count falling for the fourteenth consecutive to take both the level and the rate to their lowest levels since 1975, official figures showed.
The Federal Reserve cut interest rates a modest quarter point, disappointing Wall Street, which had hoped for more-aggressive action.
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4 percent.
Financial markets expect the Fed to trim interest rates a quarter point this afternoon, but many investors are hoping for a half-point cut.
The U.S. economy is in the danger zone and one good shock could send it into recession next year, according to Global Insights, which released its top 10 predictions for 2008 Tuesday.The Boston-based forecasting company said GDP growth in the fourth quarter of 2007 and first half of 2008 is expected to be very weak, and will make the United States extremely vulnerable.
Economic growth in the United States will continue in 2008, said the nation's purchasing and supply management executives in their December 2007 semiannual economic forecasts on Tuesday.