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  • Factories Languish as Costs Surge to 28-Year High Thursday, 19 Jun 2008 | 10:08 AM ET

    Factory activity in the U.S. Mid-Atlantic region slowed further in June, a survey showed Thursday.

  • Centex

    I'm working the Bank of America home building conference in New York today, moderating the lunch panel and sitting in on presentations by the major builders.

  • Deputy Governor Gieve Quits Bank of England Wednesday, 18 Jun 2008 | 7:50 PM ET

    Bank of England Deputy Governor John Gieve announced on Wednesday he will quit prematurely next year just as the government unveiled the biggest shake-up of the central bank's financial stability remit in more than a decade.

  • Trump: Oil Companies 'Ripping Off This Country' Wednesday, 18 Jun 2008 | 7:56 AM ET
    Donald Trump

    Oil companies are fixing the price of oil and should suffer penalties, according to developer Donald Trump.

  • Housing Starts Fall: Why That's A Good Thing Tuesday, 17 Jun 2008 | 11:47 AM ET

    With inventories of new homes at a record high, really nobody should be putting a shovel in the ground unless it’s already pre-ordered and pre-bought. I know that’s not exactly what a big public home builder wants to hear. They build homes for a living, I get that.

  • Core Inflation Slows, Even as Producer Prices Rise Tuesday, 17 Jun 2008 | 8:39 AM ET

    US producer prices rose by a larger-than-expected 1.4% in May after another jump in energy prices, but core inflation at the producer level moderated as forecast.

  • UK Inflation Surges But BoE Cools Rate Rise Outlook Tuesday, 17 Jun 2008 | 7:39 AM ET

    Britain's inflation rate rose in May to its highest since the Labour government came to power in 1997 but the Bank of England played down the risk of early interest rate rises by saying the path for rates was still "uncertain."

  • German Business Sentiment Falls Sharply in June Tuesday, 17 Jun 2008 | 6:11 AM ET

    German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.

  • Europeans Go Online to Stop ECB Rate Hike Tuesday, 17 Jun 2008 | 3:25 AM ET

    An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.

  • Fed Unlikely to Hike Rates Before Autumn: WSJ Tuesday, 17 Jun 2008 | 2:55 AM ET

    The U.S. Federal Reserve does not appear to see a compelling case for raising interest rates before autumn unless the inflation outlook deteriorates considerably, the Wall Street Journal said on Tuesday.

  • A Tale of Two Bands: Euro & Dollar Tuesday, 17 Jun 2008 | 1:13 AM ET
    Dollar and Euro

    The euro has been steadily gaining ground against the U.S. dollar over the past two years, up 22%. This week's Charting Asia takes a look at where the Euro/Dollar is heading.

  • Homebuilder Sentiment Matches Record Low in June Monday, 16 Jun 2008 | 1:30 PM ET

    U.S. homebuilder sentiment sank in June to match the lowest level on record set in December, an industry group said.

  • Fed's Lacker: Rates Can Stay On Hold—For Now Monday, 16 Jun 2008 | 1:06 PM ET

    The Federal Reserve can keep interest rates on hold for the moment but should not repeat past mistakes by leaving them too low for too long, a top Fed policy-maker said Monday.

  • For many many months now I’ve been suggesting (that’s a nice word for it) that in addition to plenty of predatory lending during the housing boom, a lot of folks just plain didn’t take the time to read their paperwork or even ask when exactly their adjustable rate loans would adjust.

  • A gauge of manufacturing in New York state contracted in June for the fourth time in five months, the New York Federal Reserve said in a report on Monday that also painted a mixed picture on inflation.

  • Euro Zone's May Inflation Data Seals ECB Hike Monday, 16 Jun 2008 | 8:23 AM ET

    Surging food and fuel prices drove euro zone inflation to a new record high of 3.7 percent year-on-year in May, data showed, cementing expectations that the European Central Bank will raise interest rates on July 3.

  • China, Chinese Flag

    China's factories hummed along last month, barely touched by the devastating earthquake in Sichuan.  Industrial production growth inched up to 16.0% in the the year to May, topping market forecasts of 15.7%.

  • Hope Now, OCC Battle Over Numbers Instead Of Problem Friday, 13 Jun 2008 | 1:18 PM ET
    Controller of the Currency

    A few weeks ago the folks heading up the mortgage industry’s “Hope Now” initiative, which aims at getting lenders and servicers to refi, modify, or set up repayment plans for borrowers, came over to tell me how wonderful they were doing, and how their numbers were improving.

  • European Events to Watch Out For Next Week Friday, 13 Jun 2008 | 1:17 PM ET

    A look ahead to some of the major European events in business and politics next week.

  • Gas Prices Soar, But Core Inflation Is Still Tame Friday, 13 Jun 2008 | 10:30 AM ET

    Soaring gasoline and energy prices helped drive up U.S. consumer prices during May by the fastest rate since November, a government report showed.