CNBC's Susan Li looks back at the week's top business and financial stories. Good news for the economy this week, as the Dow reached 18,000 for the first time. Sony released "The Interview." And Walmart announced wage hikes.» Read More
The euro moved a little lower against the U.S. dollar on Monday as traders looked ahead to a decision on European interest rates later this week and the U.S. service sector grew faster last month.
I want to share a conversation I just had with my friend Nancy Taylor Bubes, a top realtor in D.C., who has helped transfer literally hundreds of millions of dollars worth of property in the coveted Georgetown neighborhood. ...For the past year she's been bemoaning the market, showing me homes that have been sitting on the market for months without so much as a sniff. So I visited her at a small townhouse in Georgetown that just sold for a touch over a million dollars.
Although the good Lord had already told markets he would be leaving 17 months early, the latest earnings news has underlined the need for a new broom at BP.
The yen hit a 1-1/2 week high against the euro and rose versus the dollar on Monday as investors scaled back bets against the Japanese currency before a weekend meeting of Group of Seven financial chiefs.
Employment figures are down: the Labor Department reports joblessness rising to 4.6%. The Dow has followed suit, losing 30.92 points by presstime. Should investors head for the hills? Not according to Mike Darda, chief economist at MKM Partners. Darda joined "Street Signs" to...
The dollar rose after U.S. payrolls data showed moderately healthy job growth but did not make the case for a near-term change in interest rates.
The dollar was little changed ahead of the U.S. payrolls report on Friday and a Group of Seven rich nations meeting next week.
At last night’s CNBC Executive Leadership Awards, guests joked that analysts and journalists alike used to guess the Fed’s interest rates decisions based on the thickness of Alan Greenspan’s briefcase when he arrived at the meetings. Yesterday, the Fed met and left rates unchanged – as expected – but nevertheless led the blue chips to a triple-digit rally.
The Super Bowl isn't the only big-money competition people are betting on this week: second-guessers are trying to call the shots before Monday, when Equity Office Properties shareholders will vote whether to accept takeover offers from Vornado or rival bidder Blackstone Group. CNBC's David Faber deconstructed Vornado's sweetened offer....
On a gut level, the idea of high unemployment brings feelings of despair and insecurity to workers and economists. So one might assume that extremely low unemployment would be intrinsically good. Not so, says Joel Naroff. If the unemployment rate dropped to 3.5%, as analyst Ed Yardeni predicts, the negative effects could spread from big business....
The markets rallied this afternoon after the Federal Reserve announced it would not be raising interest rates this quarter. The Dow surged over 100 points, with the Nasdaq and S&P 500 having rallies of their own. On “Closing Call,” Maria Bartiromo asked a bond fund manager and a chief investment officer for their take on the year ahead in trading.
The dollar fell against the euro and yen after the Federal Reserve kept interest rates steady and said price pressures were likely to moderate.
The dollar was steady against the euro and yen today, remaining in narrow ranges as dealers awaited a deluge of U.S. economic data this week that could shed light on the course of monetary policy.
Ben Bernanke called for greater transparency when he took the reins of the Federal Reserve. But as Wall Street awaits the Fed's Wednesday statement, two analysts still seeks clues to second-guess the chairman.
As the Fed begins its two-day meeting, analysts are still in disagreement over what the central bank’s next moves will be as the year goes on. Jason Schenker from Wachovia and Carl Tannenbaum from LaSalle Bank disagree on what the Fed considers....
Consumer confidence improved slightly in January on a strengthening job market, but consumers also appeared concerned that labor conditions could worsen in the future, according to a survey released Tuesday by a private research group.
Prices for existing home sales nationwide rose just barely over 1% last year. That's not much compared with the double digit appreication in the previous years. And regionally--neighborhood to neighborhood--prices dropped and continue to fall.
Even in Manhattan's high-demand market, condominium sales paralleled overall real-estate trends, and sagged last month. But some analysts see condos as a separate type of property altogether -- a type that stands outside of today's glum housing news. But some analysts see the own-your-own apartments as a separate type of property altogether...
Believe it or not, Microsoft's Vista isn’t the only story making headlines this week. There is a slew of economic data due out including the GDP report (Wednesday), employment numbers (Friday), and a Fed decision (they're meeting Tuesday and Wednesday). So how will this data drive the market this week and into the weeks ahead?
The dollar hit a four-year high against the yen today as expectations of strong U.S. economic data this week supported the view that the Federal Reserve may not have to cut interest rates in the near future.