A surprise rate cut by China's central bank and a successful bond auction by Spain cheered investors around the globe Thursday and had U.S. stocks poised to build on the previous day's rally.
Asian shares tumbled, as investors dumped risky assets, rattled by growing concerns about the global economic recovery and the eurozone's future.
The nation's economy grew at a slower pace than previously reported in the first three months of this year, raising new concerns about economic weakness.
China is slowing, inflation is sleeping, bank stocks are slipping and Google is splitting. Got all that?
After a stellar first-quarter performance, investors are hoping the stock market can maintain its momentum into the holiday-shortened week ahead.
The high-flying Chinese economy appears to be losing some altitude, but experts say the danger of a hard landing still seems remote.
U.S. stocks were headed for a weak open Thursday, as investors were rattled by worries of a global growth slowdown after China and Germany reported soft manufacturing data.
Stock closed mixed, after moving in a narrow range for most of the trading day.
The U.S. economy appears to be gradually improving -- and the dollar is coming along for the ride. Imagine that.
Investors took a big step back Tuesday, but stocks have had a pretty strong year so far, so the retreat isn't ringing any alarm bells.
European leaders have taken "substantial" steps to contain the eurozone debt crisis, but they need to build a stronger financial firewall to ensure the safety of the global economy, top finance officials said Sunday.
Howard Wial is a fellow for the Brookings Institution Metropolitan Policy Program.
If there is a central public sentiment about economics prevailing in America right now, it seems to be this: We want to go back to our manufacturing roots.
China's vice president told U.S. business leaders Wednesday that progress is being made in trade and currency issues between the two nations.
President Obama has a date with China's Vice President Xi Jinping on Valentine's Day, and despite tensions between the world's two largest economies, they're both likely to put on a happy face.
Stocks are soaring this year. Everywhere. And if you think the rally has been big in the U.S., just check out emerging markets.
China's inflation rate rose in January, which may dash hopes that the country's central bank will soon take more action to support economic growth there.
The market is off to a scintillating start in 2012 and many of last year's worst performers are leading the charge.
Chinese inflation edged down in December, setting the stage for a continuation of cautious policy loosening to support the slowing economy.
China slapped duties on U.S.-made cars Wednesday, an action that could imperil billions in sales by Detroit automakers but which will leave most of their sales in the country unaffected.
The United States is looking for new ways to regain its strength, to shake off the recession blues and fortify its position of international leadership. But Washington is missing the obvious, neglecting its closest neighbors. Big mistake.
Baseball manager Casey Stengel once famously asked, "Can't anybody here play this game?"
I wrote in yesterday's column about how the market wanted the European Central Bank to do something. It looks like the ECB listened.
U.S. stocks were poised to rally Wednesday, after the Fed said that it will act with other central banks to boost liquidity and support the global economy. Global markets surged on the news as well.
For the first time, the United States is publicly accusing China and Russia of being the top offenders in the theft of U.S. economic and technology information, according to an intelligence report released Thursday.
U.S. stocks geared up for a mixed open Tuesday, as investors mull over more company earnings, a faster-than-expected rise in producer prices and slower Chinese economic growth.
The Senate is expected to pass a bill on Tuesday that targets China's undervalued currency -- long accused of hampering the U.S. economy by spurring global trade imbalances and economic hardship for U.S. manufacturers.
The Senate approved a bill on Thursday to target China's undervalued currency -- long accused of hampering the U.S. economy by spurring global trade imbalances and economic hardship for U.S. manufacturers.
The Senate is taking a swipe at China's undervalued currency -- long accused of hampering the U.S. economy by spurring global trade imbalances and economic hardship for U.S. manufacturers.
Investors had no place to hide on Thursday, as stocks and commodities cratered throughout the trading day.
Global investors have lost confidence in the economic recovery -- and for good reason.
While China's economic growth remains far faster than that of Western nations, it eased slightly for the second quarter in a row.
Commentary: Mark Luschini is the chief investment strategist at Janney Montgomery Scott.
Oil prices recovered from earlier losses Thursday as investors reconsidered the outlook for the U.S. dollar.
Inflation in China is still red hot, but it may have finally started its cooling process.
For the fourth time in six months, China's central bank is hiking interest rates to combat rising inflation in the country.
Treasury Secretary Tim Geithner once again criticized China for keeping its currency artificially low. But he also extended an olive branch that could allow China's yuan to become even more influential in global trade.
The U.S. trade deficit widened to a five-month high in January, as imports surged across a variety of sectors, far outpacing exports.
U.S. stocks closed higher Friday, with the Dow rising to a two-year high as the two-day meeting of the G-20 finance ministers kicked off in France.
Celebrating the traditional Lantern Festival this week, many Beijing residents spent a lot of money dining out and setting off fireworks to mark the end of the Chinese Lunar New Year. "For the rich the money they spend is mere peanuts," says Mei Yana, a migrant from rural Henan province working as a restaurant waitress.
As inflation spreads across the developing world, household needs could soon be more expensive for American consumers too. Commodity prices -- from oil to steel to cotton -- are rising across the globe. While that's already being felt at U.S. gas stations, it'll soon be putting pressure on the prices Americans pay for food, appliances and clothing. Prices are rising far more rapidly in developing economies than in the United States. Retail prices in China rose nearly 5% over the past 12 months, much faster than in the United States, where consumer prices were up 1.6%.
China's central bank raised interest rates Tuesday morning. And the market responded with a collective yawn. At first, stocks barely budged. Ditto for bond yields, oil and the dollar.
China's central bank said Tuesday it will raise its key lending and deposit rates by a quarter percentage point -- a move aimed at quelling inflation in the world's most populous nation.
Lawmakers need to stop "kicking the can down the road" and attack the massive national deficit from both the spending and revenue sides, celebrity economist Nouriel Roubini told CNNMoney's Poppy Harlow in an exclusive interview Tuesday.
If there were any doubts about President Barack Obama's new commitment to making nice with corporate America, his performance last week should lay them to rest.
The U.S. economy is slowly but surely nursing itself back to health.
China's economy accelerated at the end of 2010, but kept inflation in check, showing the world's second largest economy is still outpacing its Western trading partners by leaps and bounds.
In what has become a sore point for other major world economies, China still exports far more goods and services than it imports.
The Federal Reserve is taking a lot of heat for QE2 and other easy money policies. But anyone that wants the Fed to start tightening anytime soon should take a look at China to see how well investors react to rising rates.
American consumers saw prices rise on everything from rent to food to gas last month, as inflation pressures around the world creep higher. The U.S. Consumer Price Index, a key measure of inflation, increased 1.5% over the past 12 months ending in December, up from 1.1% in November, the Bureau of Labor Statistics said.
Now that China's trade surplus has narrowed to just $13.1 billion, do you think that President Hu Jintao and President Obama will just spend next week's visit at the White House talking about the weather?
updated: Mon Dec 13 2010 20:23:00
CNN's Eunice Yoon explains China's efforts to fight inflation and expectations of an interest rate hike.
Higher food prices continue to be the main driver of inflation in China, raising the likelihood of an imminent interest rate hike as the country tries to reel in its red-hot economy.
China's economy, to quote the alter ego of New York Dolls frontman David Johansen, is hot hot hot.
Stocks surged over 2% Wednesday as signs of economic strength in the United States and China tempered worries about the European debt crisis.
Federal Reserve Chairman Ben Bernanke on Friday defended the central bank's plans to spur U.S. economic growth, saying they could help reduce unemployment, and -- in a message aimed at China -- urged developing nations to let their currencies gain in value.
The People's Bank of China raised the reserve requirement ratio for its banks by a half-percentage point on Friday in an attempt to control the flow of new money and combat inflation.
It was only last week that investors were spending all their time analyzing the outcome of the midterm elections, the Federal Reserve's quantitative easing announcement and the October jobs report.
Changes in the global pecking order are coming.
Accusations of currency manipulation are causing tension, and world leaders are hoping the contentious topic won't turn this week's G-20 gathering in Seoul into an all-out global brouhaha.
updated: Wed Nov 10 2010 12:02:00
Historian and diplomat Joseph Nye gives us his view of the shifts in power between China and the United States.
A century ago, the rise of Germany and the fear it created in Britain led to world war. Some analysts predict a similar fate from the rise of China and the fear that is creating in the United States.
U.S. stocks ended a shade higher Thursday after seesawing throughout the session, as investors balanced strong earnings with building speculation that the Fed's next round of asset-buying won't be as dramatic as anticipated.
After freefalling for weeks, the U.S. dollar appears to finally be groping for a bottom.
Stocks took a nasty tumble Tuesday after the People's Bank of China surprised investors with its first interest rate hike in nearly three years.
China's economic growth slowed for the second quarter in a row, cooling fears that its economy is growing at an unsustainable pace.
Stocks have fallen into a pattern: Rise, rise, rise for several sessions, then sell off after a spot of bad news. Recover the next day, and repeat.
U.S. stocks were set to bounce back Wednesday, following the worst session in more than 2 months, as investors digest a batch of financial results from Morgan Stanley, Boeing and Wells Fargo.
The People's Bank of China raised its benchmark interest rates by a quarter-percentage point early Tuesday, the first hike since December 2007.
Treasury prices climbed Monday, as investors continue to bet on another bond-buying binge from the Federal Reserve next month.
The U.S. trade gap widened to $46.3 billion in August, driven by a record-breaking deficit with its largest trading partner China.
Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery.
After decades of watching good jobs disappear, we need solutions that will provide continuous economic growth. The U.S. unemployment rate is hovering around 9.5 percent; for African Americans, around 17 percent.
Investors need to follow the immortal words of the 80's one-hit wonder Frankie Goes to Hollywood: Relax.
Oil once again trailed below $80 a barrel Wednesday, as investors mulled over dismal economic news from China, a bearish forecast from the Federal Reserve and a stronger dollar.
China's economic growth continued to ease in July, signaling that the world's third-largest economy may need to loosen its policies to avoid a hard landing.
U.S. stocks were headed for a sharply lower open Wednesday, after reports of slower growth in China and a downbeat outlook from the Bank of England rattled investors and sparked a selloff in world markets.
U.S. exports to China remained surprisingly resilient throughout the recession, holding steady last year while dropping nearly 20% to the rest of the world.
U.S. stocks were poised for a higher open Thursday after JPMorgan Chase reported better-than-expected earnings and weekly jobless claims fell to the lowest level in almost two years.
China's economic growth eased somewhat in the second quarter, suggesting that government efforts to slow expansion and prevent overheating are starting to be felt.
Leaders of the world's most important economies agreed to ambitious targets for getting deficits under control, pledging to cut them in half by 2013, according to a statement made following the G-20 summit this weekend in Toronto.
Economic growth in China will remain robust this year, though activity could slow in 2011, the World Bank said Thursday.
China added to its big position in U.S. debt during the month of April, according to the latest figures from the Treasury Department.
China's economy revved into high gear during the first quarter of 2010, growing 11.9% compared with a year ago, a spokesman for the National Statistics Bureau said Thursday.
Chinese and U.S. officials are reportedly close to a deal on boosting the value of China's currency, the yuan -- the first step to making U.S.-made goods more competitive versus Chinese exports.
Oil prices reached their highest level in nearly 18 months on Monday, pushing beyond the narrow range they were trading at during the first quarter of 2010, as the markets reacted to last week's jobs report.
Private equity is coming back, and one of the field's biggest dogs is enthusiastically in the hunt. Carlyle Group co-founder David Rubenstein, 60, travels the world raising money from investors and looking for the next promising deal, striving to maintain Carlyle's amazing average return of 30% a year since its launch in 1987.
President Obama's senior economic adviser said Sunday the government was delaying a report to Congress in order to provide more time to address China's alleged currency manipulation.
updated: Sun Apr 04 2010 14:10:00
CNN's Jim Clancy looks at the debate over China's currency.
In what may be the bluntest assessment by a high-ranking White House official of China's exchange rate policy, Treasury Secretary Tim Geithner said Wednesday that China's undervalued currency makes the nation dependent on U.S. monetary policy.
What's it going to take for long-term Treasury yields to climb again?
The central bank of greatest concern to investors and U.S. businesses right now isn't the Federal Reserve. It's the People's Bank of China.
China is likely to soon overtake Japan to become the world's second largest economy, a milestone that will only fuel growing fears about the economic might of the world's largest country.
Want more proof that the U.S. economy is still in a fragile state? Consider this. People are still holding back on buying burgers, soda and beer. So much for fast food, soft drinks and booze being recession-proof.
In one of his many applause lines at Wednesday night's State of the Union address, President Obama emphasized the importance of American exports: "Tonight, we set a new goal," he said, "We will double our exports over the next five years, an increase that will support two million jobs in America." It's no surprise that people cheered; what's not to like? There's just one problem: Growing exports is almost entirely out of the president's -- and even business's -- hands.
U.S. stocks were poised for a lower open Tuesday amid concerns of a slowdown in China and ahead of the start of a two-day Federal Reserve meeting.
Stocks slumped for a third straight session Friday, on worries that the White House's bank plan and China's lending curbs will mean a broader cutback in lending.
If the global economy really does rebound this year, guess what country is likely to lead the way? Hint: it's not the United States.
President Obama is in China this week meeting with that nation's leaders. Since China is the largest foreign owner of U.S. debt, I wonder if they are going to give Obama a free toaster.
Is the Chinese economy in the same state as the American economy was in the summer of 2007? In other words, all pumped up and ready to pop?
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