The United States has sustained 31 consecutive years of trade deficits. Those deficits have reached successively higher records in each of the past five years. The US trade deficit has in fact more than doubled since President George W. Bush took of...
Stocks were treading water ahead of that Federal Reserve announcement and then exploded higher.After discussing the state of the economy for two days,the Fed kept its key short term interest rate unchanged at 5.25%.But that's not what actually spark...
China has never hidden its desire to become a major force in the aviation and aerospace industries. And Sundays announcement that it plans to challenge Airbus and Boeings current duopoly by building big passenger jets isnt exactly a shock. I dont th...
Valerie Morris: I have to tell you (it) was another down day on Wall Street, ending a down week. Earlier in the week it was the Subprime Mortgage story, now renewed concerns about inflation, consumer prices rose a little bit more than expected in Fe...
The reality is that the level of distress here definitely knocked down a couple of notches today. Stocks ended slightly higher, investors paid little attention to a worse-than-expected inflation report, and comments from former Fed Chairman Alan Gre...
Well, the increased demand for ethanol is pushing up the price of corn, the key ingredient in the alternative fuel. And the Agriculture Department says that as corn prices rise, so too would food prices. It says consumers can expect to pay more for...
Henry Hank Paulson has visited China more than 70 times, but it's his first trip to a Shanghai financial market as US Treasury Secretary. Paulson toured the Shanghai Future Exchange Thursday, the final stop of his three-nation swing through Asia. Th...
The closing bell rang moments ago and it couldn't have come too soon for many investors after this crazy week on Wall Street. It was another roller-coaster session for the market. Stocks actually edged into the plus column briefly, but by the end it...
Airbus will cut 10,000 jobs, half from its own 56,000-member workforce and half from subcontractors. 1,600 of the jobs will go here in the UK, but the bulk of the cuts happen in Germany and France. Couldn't believe the news, I couldn't believe the ne...
It's the worst one-day sell-off on Wall Street since after the 9/11 attacks. Stock prices plunged today across the board and around the world. The Dow Jones Industrial Average was down about 416 points at the closing bell and at one point it fell un...
