Thunder rolled across Las Vegas in a sudden downpour Monday, a literal representation of the perfect storm that has rocked Sin City.
The continuing federal bailout of Wall Street is undermining prospects that the next administration will tackle one of the nation's biggest education problems — that higher education effectively excludes some 400,000 academically qualified students every year.
Stocks could slog around again Wednesday as the final days of summer fade and trading volume fades away as well.
Below is the minutes released by the Federal Open Market Committee after its July 24 meeting on interest rate policy:
Most Fed officials thought interest rates weren't too low at the August meeting, but they also expected their next move would be to boost rates, minutes show.
Americans' confidence in the economy has gotten a better-than-expected boost in August amid lower prices at the gas pump.
As U.S. Fed chiefs met in Jackson Hole, Wyoming to discuss ways of preventing another credit crisis, CNBC's Steve Liesman asked top economic minds for their insight on the government's actions.
Federal Chairman Ben Bernanke indicated the Fed should be able to keep interest rates low for some time, as the recent drop in commodity prices should reduce the threat of inflation.
It's hard to say whether Wall Street's fear of itself or rising oil prices will be more of an impediment for stocks this week. Both of those trends were apparent Tuesday and could continue to hang over the market Wednesday.
Warren Buffett will make multiple live appearances throughout the three hours of CNBC's Squawk Box this coming Friday morning, August 22. He'll be sitting down with our own Becky Quick, who is traveling to Omaha for the premiere the night before of a new anti-deficit documentary that includes an appearance by Buffett.
The growth of the Producer Price Index is now at levels not seen since 1981. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
Losses at hedge funds are at a level where they can no longer drive market speculation and gold is facing a 'savage bear market,' according to one hedge fund manager.
Inflation and housing data and retailers' earnings could contribute to Wall Street's early direction Tuesday. But the stock market will continue to fret over the financial sector and worry through every move in the oil markets.
The U.S. dollar eased off a seven-month peak against the yen on Monday, halting an 11-day advance against a basket of currencies, as falling stocks and rebounding gold saw investors skim profits off a recent rally.
When Fed officials gathered for their annual Jackson Hole conference last August, Bear Stearns shares traded at over $100, interest rates were 5.25% and oil cost $70 a barrel.
Bill Gross, founder and chief investment officer of Pimco, does not believe the U.S. Federal Reserve will raise interest rates, he told CNBC on Friday.
Chicago Federal Reserve Bank President Charles Evans on Friday said he is worried that high energy prices are feeding through to core inflation, but added that resource slack from the slow economy could help mute price pressures over time.
The U.S. dollar jumped to a six-month high against the euro Friday amid signs the U.S. economic slowdown may be bottoming while growth in the euro zone stalls.
Consumer confidence improved slightly in early August thanks to a drop in gasoline prices, but worries about a recession still weighed heavily on consumers' minds, according to a survey released on Friday.
It's hard to see Friday's markets as anything but volatile after this past week's wild swings. But if there are no out of the ordinary events, traders say the stock market just might quiet down late in the session as investors head off for one of the final weekends of the summer.