CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Stocks surged this week after the Fed kept rates where they are and said it would be patient.» Read More
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.
The dollar slipped against European currencies after a batch of solid U.S. economic data did little to shake expectations the Federal Reserve would keep interest rates steady for some time.
The new Democratically controlled U.S. Congress is in the middle of its 100-hour agenda, and one hot item up for legislation today is a proposal to cut student loan interest rates in half – to 3.4%. The proposal is likely to pass easily but some critics say the plan does nothing to make college more affordable to low and middle-income students.
Did you do better than 14.8% last year? I ask because that is what Bob Mckee at Independent Strategy claims for the clients that followed his advice in 2006. The brave part of the advice was to underweight equities.
The yen fell to a 13-month low against the dollar and slipped against the euro after Japanese media reports suggested the Bank of Japan may not raise interest rates at its policy meeting this week.
The euro continued its slow creep upward against the U.S. dollar Monday as traders awaited a raft of economic reports from Washington later this week, including with testimony by U.S. Federal Reserve Bank chairman Ben Bernanke.
Financials and techs, two groups that pulled in the money last week, will be out in front of the news this week when earnings season is in full swing. Markets will also be watching key economic data, a parade of Fed speakers and whatever side show goes on when oil markets reopen, after last week's near six percent slide in crude.
The dollar retreated from 1-1/2-month highs against the euro on Friday as traders sold the currency amid speculation that gains from a three-day rally were overdone.
A sobering assessment of growth prospects in the developed world from Carl Weinberg, High Frequency Economics.
The dollar rose to its highest since late November against the euro as demand for the European currency fell after the European Central Bank suggested it may not raise rates again next month as some had anticipated.
The Bank of England raised short-term interest rates to 5.25% from 5% Thursday, surprising the market, while the European Central Bank met expectations and kept rates steady at 3.5%