SASKATOON, Saskatchewan, April 24- Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut is just as possible as a hike because the economic outlook is so uncertain.» Read More
Australia's central bank on Tuesday raised interest rates to a decade peak of 7 percent, as it struggled to keep inflation under control, and left the door open for even more hikes if the red-hot economy did not cool soon.
Australian consumers went on a shopping spree last quarter, data showed on Tuesday, giving a boost to an already red-hot economy and reinforcing the case for an imminent rise in interest rates.
There's a lot of debate about whether stocks have hit bottom or whether those up days were all just a head fake rally. Today's action makes you wonder. The financials, acting better on up days, are the worst performers today, and those safe haven utilities are the best performers.
New orders at U.S. factories rose a less-than-expected 2.3 percent in December, the steepestgain since July, on strong aircraft sales, a government report showed.
I tried to break down how the bond insurer crisis could impact the whole economy. You wrote back (see the bottom for criticism that it is the "worst" article to date!) Retired insurance analyst Mike S.:"A bit simplistic, but generally on target. Good job."
The labor market may be weak, but that doesn't necessarily mean the US economy is in recession or on the verge of one.
I remember wondering a while back why Countrywide had announced massive layoffs, just after hiring a considerable number of new employees. An analyst joked, “they’re probably in the loss-mitigation department.”
Australia's inflation headache worsened in January while house prices boasted double-digit gains in 2007, figures out on Monday showed, adding to expectations for a restraining rise in interest rates this week.
The U.S. manufacturing sector staged a surprise recovery, while consumer sentiment improved in January, but construction spending in the U.S. fell for the third month in a row, reflecting continued weakness in the housing sector.
I read a fascinating article in the Financial Times this morning that I want to bring to your attention. The short version is that all those mathematical models used to predict future home loan default rates, i.e. the ones that should have prevented the mortgage crisis, failed because they left out one key variable: human behavior.
U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank.
J.C. Penney and Ralph Lauren are two Cramer favorites right now.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The first nonfarm payroll report of the year could bring some relief to the market if payrolls rise as expected. But seasonal factors bringing more volatility than usual make the report particularly hard to handicap.
I know everyone out there, builders and Realtors included, constantly cry that it’s we in the media who are forever sounding unnecessary alarms in the housing market. Well, I don’t know that I can do much better than the Chairperson of the FDIC, Sheila Bair, who is telling a Senate Banking Committee panel today that the mortgage crisis has only just begun.
Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
Euro zone inflation hit an all-time high in January and economic sentiment plunged to two-year lows, data showed on Thursday, underlining the European Central Bank's monetary policy dilemma.
With rates so low, Cramer just might.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.
Bernanke's got his groove back, says Jeff Macke.