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
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.
The dollar gained across the board Friday after stronger data from the U.S. housing and manufacturing sectors provided further evidence the economy is more resilient than many initially thought.
R.I.P., M&A? Not according to two merger-watchers, who reassured "Power Lunch" viewers that corporate combinations are alive and well -- regardless of interest-rate fluctuation fears. Gerald Adolph, senior vice president at Booz, Allen Hamilton, told CNBC's Sue Herera that M&A doubters describe a twin-pronged nightmare....
Bond yields over the past couple of days hit a five-and-a-half-month high. Paul McCulley of PIMCO attributes the jump to the market’s unwinding expectations of a Fed easing. “It was dressed up for an easing party, and the band is not going to show,” he said. McCulley and two other analysts were on “Power Lunch” to give their take on....
The Dow dropped 32.93 points today -- erasing January's gains. So what will fuel the next rally? With oil, tech and new-home sales rising, two analysts kept coming back to one theme in this "Morning Call" interview: strong nerves at the Federal Reserve. Randy Lert, chief portfolio strategist at Russell Investment...
Stocks in the U.S. are mixed going into today's opening. The Dow is pointing higher and Nasdaq looks weaker and for the Nasdaq, this week's been the best of times and the worst of times. Nasdaq's 1.3 percent drop yesterday was its worst performance of the year, following its best day of the year. Stocks are weaker in Europe and major Asian markets closed lower.
The dollar and other major currencies fell against the yen as investors further unwound overextended positions against the currency amid concerns the Group of Seven rich nations may address its weakness at a meeting next month.
China's economy grew 10.7% in 2006, the fastest rate since 1995, as investment and exports powered ahead despite a raft of government curbs to keep the pace of expansion in check.
Japan's trade surplus rose a weaker-than-expected 22.8% in December from a year earlier amid concerns that a slowdown in the U.S. economy may hurt Japanese exports.
In a sea of homebuilder earnings this week, we at the Realty Check have been running a tally of the dollar amount of losses from land write-downs and cancelled land-option contracts: It’s hovering around $2 billion. Now, are there some fabulous deals out there to be had?
The dollar and euro fell against the yen on news that European finance ministers will push for a more forceful message at next's month G7 meeting on the need for a stronger Japanese currency.
"Overall, 52% of CEOs are 'very confident' and 40% 'somewhat confident” about revenue growth over the next year -- more than double the level of 2001."
The dollar fell against the euro and sank to a 14-year low versus sterling as strong economic data and hawkish comments by central bankers suggested interest rates will continue to rise in Europe.
The dollar rose to near a four-year high against the yen on the entrenched expectation that Japan's wide interest rate gap with the rest of the world is unlikely to narrow any time soon.
The dollar rose briefly against the major currencies after the Reuters/University of Michigan Surveys of Consumers preliminary reading for January beat forecasts, decreasing expectations for a cut in U.S. interest rates any time soon.
The dollar stayed near a four-year high against the yen after reports showed U.S. housing starts unexpectedly strengthened and consumer prices jumped at the sharpest rate in eight months, bolstering views U.S. interest rates are not headed lower any time soon.
Federal Reserve Chairman Ben Bernanke warned the U.S. Congress that failure to take action soon to deal with the budgetary strains posed by an aging U.S. population could lead to serious economic harm.