TOKYO, Aug 1- Japan's Nikkei share average dropped on Friday morning after U.S. shares languished on concerns that interest rates could rise sooner than expected, but strong earnings from Sony Corp and Panasonic Corp limited the losses.» Read More
The home builders appear to be stuck, unwilling to say that anything is going to get better any time soon. The National Association of Home Builders puts out a monthly “sentiment” index, and so far it’s been stuck on the very low end for a very long time. They are not anticipating improvement until at least the second half of 2008.
Democratic and Republican leaders of the U.S. House agreed to develop a bipartisan economic stimulus plan to help avert a possible recession.
Federal Reserve Chairman Ben Bernanke wants Congress to act quickly to pass an economic stimulus package, Sen. Charles Schumer told CNBC.
The U.S. economy continued to grow in the final weeks of the fourth quarter but the paceof activity slackened amid subdued holiday spending and a weak housing sector.
Here is just a quick look at what you can expect in Wednesday's markets. Consumer inflation data and earnings news will help set the tone after Tuesday's rocky market. Before the bell earnings are expected from J.P. Morgan and Wells Fargo.
The Donald told Cramer he's "shocked" rates aren't lower.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.
Citigroup’s $18.1 billion-dollar writedown has to make you wonder what’s real and what’s fear. What am I talking about? Okay, all these write downs that we’ve been hearing about over the last few quarters are all about the performance of subprime mortgages, or are they?
British annual consumer price inflation held at 2.1 percent as expected in December, above the Bank of England's target for the third month running, official data showed on Tuesday.
The U.S. economy is probably in a recession or about to slide into it, former U.S. Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal.
China's central bank has set a target of capping new domestic-currency lending in 2008 at last year's level of 3.63 trillion yuan, state media reported on Tuesday.
U.S. consumers are tightening their purse strings, and the squeeze may be severe enough to topple the U.S. economy into recession.
Stocks closed sharply higher after IBM's improved outlook kicked off a market rally.
When I heard the news this morning, I thought it was a breakthrough: the first piece of news signaling that bottom to this housing market. An analyst at Credit Suisse upgraded the home-improvement sector. Fantastic.
The Federal Reserve is unlikely to cut interest rates before its next scheduled meeting in late January but may consider doing so if the outlook deteriorates sharply before then, the Wall Street Journal reported on Monday.
A private gauge of Australian inflation rose sharply in December as fuel, borrowing costs and rents all climbed, heightening the risk that official inflation figures could be alarming enough to warrant a rate hike.
The biggest lender isn’t going under, but it is going under new ownership, and as goes Bank of America, so goes Countrywide. Call it the "clean-up of Countrywide." Here’s the difference: Countrywide was the everyman lender, out on the street, dealing with brokers, correspondents, promising everyone...
The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
It's that time of the year again, when Germany's trade unions traditionally put their wage demands on the table for the opening rounds of the annual ritual that is called "collective wage bargaining". And, with the economy growing at a robust pace still and with corporate profits on the rise, the voice of the unions is getting louder again. We've already had some taste of strike this season. Is there more to come?
Bank of Japan Governor Toshihiko Fukui said on Friday the pace of growth was slowing, as markets started pondering the risk of a Japanese rate cut.
Bernanke said he "stands ready to take substantive additional action" to help the economy, implying the Fed would cut interest rates. Stocks briefly rallied on that, then fell back. What really got stocks going was talk that there might finally be signs of a bottom.