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  • Making Sense of Sales (Maybe) Tuesday, 22 Apr 2008 | 3:11 PM ET
    Home Sales Classified

    The Realtors told a room full of reporters Tuesday that existing home sales are “stable,” because they’re really stuck between 4.9 and 5.1 million units (that’s the seasonally adjusted annual rate). So that has everyone asking if we’re bumping along the bottom. I’m not so sure.

  • When Will Oil Prices Stop Rising? Watch the Dollar Tuesday, 22 Apr 2008 | 12:40 PM ET
    oil_new_5.jpg

    Oil prices, which are setting fresh records nearly every day, are likely to keep climbing until the weak US dollar starts recovering and more supplies become available.

  • ECB's Mersch Says Need to Consider Rate Rise: FT Tuesday, 22 Apr 2008 | 12:16 AM ET
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    The European Central Bank has to ask itself each month whether a rate rise is needed to control inflation, ECB Governing Council member Yves Mersch was quoted as saying in a newspaper report on Tuesday.

  • Citibank And Freezing HELOCs: A First Hand Account Monday, 21 Apr 2008 | 12:51 PM ET

    I've heard a lot anecdotally about home equity lines being frozen for no apparent reason, so when I got this email from Charles in Chicago, I just had to post it. Citibank actually lowered his line of credit to $116 below his current balance.

  • Reader Poll: Stop Cutting Rates To Stabilize Oil? Monday, 21 Apr 2008 | 12:43 PM ET
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    Record high oil prices have deepened economic pain and even energy producers have begun to fret, but at talks with their customers in Rome they blamed the U.S. dollar and said they could not halt the rally...

  • Economists Even More Gloomy About US Prospects Monday, 21 Apr 2008 | 11:07 AM ET
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    Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months.

  • Speculation Growing Fed May Be Done Cutting Rates Saturday, 19 Apr 2008 | 12:14 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Hawkish rhetoric from Federal Reserve officials and a rebound in the stock market has driven down market expectations for additional Fed rate cuts.

  • ECB Hints at Rate Rise if Inflation Stays High Saturday, 19 Apr 2008 | 11:36 AM ET

    Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act on interest rates, ECB policymaker Axel Weber said in a newspaper interview released on Saturday.

  • Dollar's Rebound Tied to Hopes for US Economy Friday, 18 Apr 2008 | 3:55 PM ET
    Exchanging Dollars and Euros

    Signs of renewed confidence in the U.S. financial system could support the dollar next week, provided March's housing reports do not revive chances of a steep interest rate cut.

  • Reader Poll: Should Fed Cut One Last Time? Friday, 18 Apr 2008 | 1:26 PM ET
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    Hawkish rhetoric from Federal Reserve officials and a rebound in the stock market has driven down market expectations for additional Fed rate cuts...

  • West Palm Beach Housing: A Tale Of "Two" Cities Friday, 18 Apr 2008 | 12:43 PM ET
    West Palm Beach

    On TV today I’m telling the story of the city of West Palm Beach’s effort to save troubled borrowers. They’ve pulled together about a million dollars from a fund that was supposed to be for affordable housing as well as some HUD money, and opened a foreclosure assistance center right downtown.

  • Bear-Market Rally Due for European Stocks?   Friday, 18 Apr 2008 | 11:59 AM ET
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    European stocks may stage a relief rally next week, with financials leading the way higher, as investors welcome positive action from the troubled banks, analysts told CNBC.com.

  • Fed's Plosser Warns That Rate Cuts Are No Cure-All Friday, 18 Apr 2008 | 10:44 AM ET
    Charles Plosser

    The federal funds rate is now low enough to boost economic growth as the impact of previous interest rate cuts starts to kick in, Philadelphia Federal Reserve President Charles Plosser said Friday.

  • More Americans Are Walking Away From Their Homes Thursday, 17 Apr 2008 | 3:44 PM ET
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    Increasing numbers of Americans are simply walking away from their houses and mortgages, increasing pressure on banks and the economy.

  • Manufacturing CEOs Downbeat About 2008 Outlook Thursday, 17 Apr 2008 | 3:09 PM ET

    Executives at several top diversified U.S. manufacturers said they are starting to see signs of the slowing economy taking a toll on business, tempering their outlook for 2008.

  • Soros: Euro Cannot Become Main Reserve Currency Thursday, 17 Apr 2008 | 12:16 PM ET
    Exchanging Dollars and Euros

    The euro cannot replace the dollar as the world's main reserve currency, and a system of two reserve currencies would be unstable, billionaire investor George Soros said on Thursday.

  • Home Builders Hit By Credit Crunch "Hammer" Too Thursday, 17 Apr 2008 | 12:10 PM ET
    Credit Crunch

    While some of you may wonder why a home builder would even want to hammer a nail these days, they do still need to stay in business, and their business is to build. That said, there is new concern from builders today that the credit crunch on Wall Street is hitting small builders where they live, or at least where they want you to live.

  • Bank Jitters About Lending Hurt Economy: Fed's Kohn Thursday, 17 Apr 2008 | 10:21 AM ET
    Donald Kohn

    Banks are so wary about lending that credit costs are pushed up despite cuts in interest rates,  Fed Vice Chairman Kohn said. .

  • Mid-Atlantic Manufacturing Slides Further in April Thursday, 17 Apr 2008 | 10:09 AM ET

    Factory activity in the U.S. Mid-Atlantic region contracted for a fifth straight month in April, a survey released on Thursday showed.

  • Jobless Claims Up 17,000, Less Than Expected Thursday, 17 Apr 2008 | 8:36 AM ET
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    The number of US workers applying for unemployment benefits rose by 17,000, which was marginally less than expected, while those of workers remaining on jobless benefits were at the highest level in almost four years, a government report showed on Thursday.