NY: Details about oil train shipments will go to local emergency planners, can be made public No sale by owner: Americans with lower mortgage rates hold tightly onto homes US reports $71 billion surplus in June; projected to have smallest annual deficit in 6 years Stocks stabilize, but end with biggest weekly loss since April as investors grow cautious Amazon petitions Federal Aviation Administration for permission to fly drones for deliveries Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cancer patients, families urge FDA to block fibroid removal technique that can spread cancer Crude oil falls 2 pct, resuming a 2- week slide, on ample supply, muted demand Head of US agency Pension Benefit Guaranty Corp resigning; Gotbaum longest-serving PBGC head» Read More
The Fed must remain vigilant against rising inflation pressure this year even as the U.S. economy slows sharply, Philadelphia Fed President Charles Plosser said.
U.S. productivity in the fourth quarter rose at a stronger-than-expected pace as the biggest cutback in working hours in nearly five years helped restrain growth in labor costs, a U.S. Labor Department report showed on Wednesday.
I don’t often get to chat with the CEOs of the big public builders anymore. Most of them can’t stand me because they think I’m to blame for the downfall of the housing market (What? Is my middle name Mozilo or something???).
A softer stance on inflation by the European Central Bank and more rate cuts from the Bank of England would boost European stocks. Investors could cautiously start to buy shares.
The European Central Bank is likely to keep its title as the last inflation hawk standing at its rate-setting meeting Thursday, but as fears of a global economic slowdown grow, calls for easing will only increase.
The most likely path for the US economy is sluggish growth for at least half a year before a gradual recovery begins, Richmond Federal Reserve Bank President Jeffrey Lacker said.
I’ve saying it on TV ‘til I’m blue in the face, and now I’ve got the numbers on paper. The Federal Reserve’s January Senior Loan Officer Opinion Survey, finds the following: - 55 percent of domestic respondents said they had tightened their lending standards on prime mortgages; that’s up from 40 percent in the October survey.
Fitch Ratings announced plans to toughen the way it rates $220 billion worth of corporate collateralised debt obligations (CDOs) following criticism that debt ratings played a role in creating the credit crisis.
If the health of the economy is so murky, why has the Federal Reserve been so aggressive in cutting interest rates?
Euro zone service sector growth slowed sharply in January from an already weak estimate and retail sales fell in the key Christmas period, according to data on Tuesday that stoked fears of a recession.
The day after the Federal Reserve’s emergency interest rate cut two weeks ago, Jean-Claude Trichet went before the European Parliament to deliver perhaps the most eagerly awaited speech of his four years as president of the European Central Bank.
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.