We extend your Money Senses
Wednesday April 2, 6:10 pm ET
By Joe Bel Bruno, AP Business Writer
Stocks Decline As Oil Price Spike Causes Worries About Consumer Spending, Economy
NEW YORK (AP) – Wall Street turned lower Wednesday as investors worried that a sharp jump in oil prices could be another sign that consumers are under stress in an economy that […]
Thursday January 10, 5:39 pm ET
By Madlen Read, AP Business Writer
Stocks Rise on Report That Bank of America Is in Advanced Talks to Buy Countrywide
NEW YORK (AP) — A volatile Wall Street advanced Thursday for the second day in a row, as investors found renewed confidence in a report that Bank of America Corp. is […]
By Liau Y-Sing
KUALA LUMPUR, Jan 7 (Reuters) - Malaysia is likely to push through cuts in fuel subsidies this year as high crude prices burn a hole in its budget, but that risks depressing consumer spending and alienating voters in what may be an election year.
Malaysians have propped up the economy with their spending as […]
By Bob Willis
(Bloomberg) — The U.S. economy may be on the verge of — or already in — a recession, based on the increase in 2007’s unemployment rate, economists said.
The jobless rate rose to 5 percent in December, the highest in two years. The figure was 0.6 percentage point higher than March’s 4.4 percent, […]
By Zachary R. Mider
Jan. 3 (Bloomberg) — Foreign investors exploited the declining U.S. dollar during the past three months to snap up American companies, taking the biggest share of U.S. deals in at least a decade.
Buyers from Dubai to the Netherlands accounted for 46 percent of the $230.5 billion of U.S. mergers and acquisitions […]
2008 outlook: Fasten your seatbelts
Market strategists expect a volatile year for stocks and that the housing market will swoon. Sound familiar?
By David Goldman, CNNMoney.com staff writer
January 1 2008
NEW YORK (CNNMoney.com) — Wall Street’s top forecasters have some good news and bad news for 2008. Many think stocks will head higher but that unemployment will rise […]
Commentary by Michael R. Sesit
Dec. 28 (Bloomberg) — In this season of stock taking, the picture past and future for financial markets is far from pretty. The reason? Subprime
If you didn’t know what subprime meant at the start of the year, it was hard to avoid its meaning by year end.
The big question […]
By Belinda Cao
Dec. 27 (Bloomberg) — The yuan rose the most since China ended a fixed exchange rate to the dollar in 2005 as the government signaled it will use currency policy more aggressively to cool the economy and curb inflation.
The currency gained as much as 0.43 percent after the official China Securities Journal cited […]
NEW YORK (AP) — Art is hot
Despite turmoil in the financial markets, there are no signs that the art market is softening.
The fall auction season in New York saw robust prices across most categories, with postwar and contemporary works in particular going through the roof. It seemed like a new record was being shattered every […]
NEW YORK (CNN) — It’s been another banner year for Goldman Sachs employees. The venerated Wall Street bank spent $20.2 billion this year on employee salaries and bonuses, up 23 percent from $16.4 billion last year, the company said when it reported strong fourth-quarter results Tuesday.
If that were to be handed out evenly among the […]