NEW DELHI, March 14- India's wholesale price-based inflation eased to a nine-month low in February as food and fuel prices moderated, raising expectations that the central bank would leave interest rates unchanged at its policy review next month.» Read More
U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said Thursday.
European stocks were set to rise on Thursday, as higher commodity prices lend support to shares of mining and energy companies but volumes could remain thin as many investors stayed away for the holiday.
This is a transcript and video clip of the second part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick. In this section, Buffett talks about the super-SIV proposal, the Bush administration's plan to encourage lenders to freeze some variable mortgage rates and about why he supports Hillary Clinton and Barack Obama for president.
The S&P/Case-Shiller Home Price Indices out today couldn’t be more telling of what’s going on in the housing market now -- and more importantly, where it’s headed: Prices are in free fall.
I'm out of the office today, but I'll be back -- and blogging -- on Wednesday. Happy Holidays!
Down to the final 24 hours, more or less, of shopping before Christmas... We'll get the first reports on how "super" this Super Saturday's sales were when ShopperTrak releases its initial numbers by 3pm ET today
European stocks were seen edging higher on Monday in a shortened session before the Christmas break, adding to Friday's lofty gains after stronger-than-expected U.S. consumer spending data eased worries over the outlook for the world's biggest economy.
Japan's cabinet approved an 83.06 trillion yen budget on Monday for the fiscal year from April, featuring an increase in social security spending as the population ages and a modest cut in new debt issuance.
After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year. There is a strong feeling, though, that the government will need to do more to avert a financial disaster.
The folks at HUD felt that my blog of yesterday left out some key points, namely, their side of the story, so I am happy to post a reply directly from them.
As we spend the end of the year debating the merits of the various plans to save the subprime borrower, I need to add a dose of reality to the Realty Check: On December 6th, when President Bush announced the brand new Paulson Plan to freeze certain subprime mortgages at their “teaser” rates, a little factoid got lost in the shuffle, and the trouble with this factoid is that it’s not exactly a fact.
The economy is continuing to show further signs of weakness and rising inflation, according to the latest government reports.
Oracle's strong earnings could give some tech names a bounce Thursday though markets are again being haunted by credit worries, and another Wall Street firm is set to report earnings before the bell.
Japan's exports rose steadily in November from a year earlier but shipments to the United States fell for the third straight month, reinforcing worries that slower U.S. growth will have a broader impact on Japan's economy next year.
Two news items that have me scratching my new hair: An apparent drop in foreclosure filings in November and some truly dismal earnings from New Jersey-based home builder Hovnanian. First to the foreclosure report, which comes from RealtyTrac.
Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.
All nine members of the Bank of England's Monetary Policy Committee voted to cut interest rates by a quarter-point in December and even discussed whether slowing economic growth meant a bigger move might be needed.
Japan's economy will grow 2.0 percent in the fiscal year starting on April 1, the government said on Wednesday while sharply downgrading its initial forecasts for the current year to reflect tumbling investment in housing.
European equity markets are set to start higher on Wednesday, inspired by a rise on Wall Street where technology issues led a rise in the market, while Asian stocks recovered from a five-day losing streak.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.