CNBC's Susan Li looks back at the week's top business and financial stories. Good news for the economy this week, as the Dow reached 18,000 for the first time. Sony released "The Interview." And Walmart announced wage hikes.» Read More
In Friday’s Web Extra find out how the traders are playing H&R Block, oil inventories, the ECB and more in the week ahead.
In the midst of reporting earnings from KB Home and Lennar this week, neither of which were particularly pretty, I saw a press release for an auction in Houston that tweaked my interest. The title reads: Greater Houston Real Estate Auction: Sign of the Times.
Consumer spending jumped last month as stimulus checks boosted household budgets. Walt R. from Indiana writes, "Our food services business has been phenomenal this year..."
U.S. consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses sapped sentiment, according to a survey.
Consumers will respond to soaring oil prices with mass conservation measures, investor Sam Zell said Friday on CNBC.
U.S. personal spending rose by a more-than-expected 0.8 percent in May as government stimulus checks bolstered household budgets, while a key gauge of inflation stayed tame.
The Federal Reserve should let the big investment banks go bust if they made unwise investment decisions, and investors should take refuge into gold, said Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report."
The global economy will struggle more than people now think, as the credit crunch spreads beyond housing and financials, Gerald Hassell, Bank of New York Mellon president, told "Squawk Box Europe" Friday.
South Korea on Friday posted a current account deficit for the third month this year in May, clouding prospects for its already weak currency and its battle to contain inflation.
Japan's annual consumer inflation accelerated to a decade-high in May on surging energy costs, and household spending dipped as the job market stagnated, darkening the outlook for the world's second-largest economy.
On the day after an unusually important Fed policy meeting both gold and stocks severely rebuked the central bank’s decision to take no action in support of the weak dollar or to curb rapidly growing inflation.
Bank of Japan policy board member Seiji Nakamura said on Thursday the global economic outlook is highly uncertain due to world inflation worries and slowing economic growth, signaling there will be no policy change by the central bank in the near term.
Before getting into the nuances of the statement, it’s important to not lose sight of the overall action: for the first time since the Fed began cutting rates in September — by 3.25 percentage points in total — the Fed stood pat today. That is probably a clearer indication of what the Fed will do next than anything the Fed said.
The Latin American nation's got the growth. Also, Cramer's reaction to the Fed decision.
The Federal Reserve will hold its key interest rate at 2 percent for the remainder of the year as the economy winds through the various challenges it faces, according to bond manager Bill Gross.
"Although downside risks to growth remain, they appear to have diminished somewhat.." the Fed said in its statement.
The Federal Reserve held interest rates steady and said the risk of inflation has grown but stopped short of signaling that higher interest rates were coming soon.
The Federal Reserve is expected to hold interest rates steady and indicate slightly greater unease on inflation, while stopping well short of signaling higher interest rates.
Stocks edged higher ahead of the Federal Reserve's decision today, and CNBC asked the experts whether it would cut, hike or hold interest rates.
New orders for long-lasting U.S. manufactured goods were unchanged in May after two consecutive months of decline.