Record low mortgage rates push the average 30-year loan to 3.91 percent. But can these record low mortgage rates last?
Spain's new prime minister Mariano Rajoy was sworn in today amid muted optimism that he can make the tough economic reforms that the eurozone wants.
Annual PPI – a gauge of wholesale prices – rises to 6.9 percent. But without energy and food, core annual PPI up only 2.5 percent.
The Dow rose 131 points to close at 10939 as officials made moves to support Europe's struggling banks
Economists from 28 firms offered estimates about the jobs plan to Bloomberg News. They disagreed on how effective it would be – and the cost could be high.
Five central banks take steps to funnel cash to eurozone commercial banks by year's end. Their aim? Avert a funding freeze – and perhaps another global banking crisis tied to bad debt.
The Dow rose 44.73 points to close at 11,105.85 after a choppy Tuesday session
Stock prices in Europe fall sharply after G7 finance ministers fail to come up with new measures. Bank stock prices, in particular, tumble over concerns of spreading euro debt crisis.
Many are forecasting higher oil prices next year, due to increased global consumption and decreased output from Libya and other oil-producing nations. That could threaten global economic recovery.
Short-selling of certain stocks is now forbidden in France, Italy, Spain, and Belgium. The ban on short-selling comes as concerns about Europe's debt worsen.