Federal Reserve Bank of Richmond President Jeffrey Lacker said it’s time for the central bank to end the era of record-low interest rates, now that the impacts from winter weather and energy prices have passed. “I am not arguing that the economy is perfect, but nor is it on the ropes, requiring zero interest rates to get it back into the ring,” Lacker said in the text of a speech
The U.S.-Saudi relationship isn’t what it used to be. The U.S. needs a lot less of it from Saudi Arabia than it once did. Saudi Arabia isn’t the powerhouse it was when the U.S. and its gas-guzzling cars and industry demanded more and more imported crude.
California’s top oil and gas regulators repeatedly warned Gov. Jerry Brown’s senior aides in 2011 that the governor’s orders to override key safeguards in granting oil industry permits would violate state …
Global investors are bracing for data next week that could show a big drop in China’s foreign exchange reserves as the central bank steps up its intervention to stabilise the yuan currency after its shock devaluation last month. China has been so surprised by the global market reaction to its devaluation that it is likely to keep the yuan on a tight leash in the near-term to head off fears
Based on his research of historical stock market valuations, Nobel Prize-winning economist Robert Shiller tells CNBC it’s a “risky time.”
The ECB also cut its inflation and growth forecasts for the euro zone in the wake of lower oil prices, weaker growth in China and a strengthening euro. Draghi’s remarks come a day ahead of the critical monthly U.S. jobs report, which may feed into the Federal Reserve’s decision on the timing of a rate hike.
Treasury Secretary Jack Lew, in an exclusive interview with CNBC, diplomatically but firmly criticized China’s handling of its devaluation.
DETROIT (AP) — Tesla Motors says it will reveal its lower-cost Model 3 electric car in March and will start taking orders then.
Leon Gorman, a grandson of L.L. Bean who led a modernization of his family’s outdoor clothing and gear retail business after the founder’s death, died Thursday at his home in Yarmouth. He was 80. Gorman …
The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Market …