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The dollar extended its relentless rally against the Japanese currency on Friday to break above 101, its highest since April 2009, after shooting through the 100 mark in the previous session. The dollar last bought 100.98 yen on the EBS trading

The dollar extended its relentless rally against the Japanese currency on Friday to break above 101 to its highest since April 2009, after signs that Japanese investors are buying more foreign assets provided yet another reason to sell yen. The

Asian markets were up in overnight trading with the Nikkei surging 2.9% after the dollar crossed the key 100 yen level. Europe is rallying, and U.S. futures are modestly higher. The dollar crossed the crucial ¥100 level yesterday. Today the yen

U.S. Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system still posed a threat to financial stability, and funding markets might still not be able to cope with a major default. In a wide-ranging speech explaining the

Talk about a nanny state. Irked Goldman Sachs brass recently confronted Bloomberg LP over concerns reporters at the business news service have been using the company’s ubiquitous terminals to keep tabs on some employees of the Wall Street bank, The

The 7.5% US unemployment rate, at its lowest level since 2008, seems to be telling a story of slow-but-steady recovery after the Great Recession and Financial Crisis. Unfortunately, the bulk of evidence suggests the “real” jobless rate is far higher

Wall Street Journal reporter John Hilsenrath is so plugged in at the Federal Reserve that he has earned the nickname "Fed Wire." Whenever the Fed wants to start sending a new message to Wall Street, the story goes, they call up John Hilsenrath. And

The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. Economic data over the past weeks

The European Central Bank cut its key interest rate to a record low as the 17-nation euro region struggles to emerge from recession. Policy makers meeting in Bratislava today lowered the main refinancing rate to 0.5 percent from 0.75 percent, a move

Here's your happy thought of the day from SocGen strategist Albert Edwards: Over the last 15 years most investors have refused to contemplate that events in the West are playing out in a similar fashion to Japan in the 1990s. But the latest inflation

Tomorrow, we get official numbers on how many jobs the U.S. economy created in April. The median estimate among market economists surveyed by Bloomberg is for 140,000 new nonfarm payrolls, up from last month's dismal 88,000 figure. Private payrolls

Asian shares rose on Friday on hopes of a stronger global economic recovery after the European Central Bank cut interest rates and held out the possibility of further easing while the euro remained in the doldrums. Chinese shares outperformed their

U.S. employment growth likely picked up in April, but probably not by enough to counter other signs that suggest the economy has lost a step in recent weeks. Nonfarm payrolls are expected to have increased by 145,000 jobs, according to a Reuters

A rally in global share markets halted on Friday as investors braced for monthly jobs data from the United States, while the euro recovered slightly from losses driven by the European Central Bank's decision to cut rates. Analysts expect the April

Employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy. Nonfarm payrolls rose 165,000 last month

Warren Buffett has just joined Twitter. Hopefully this means we'll hear from the Oracle of Omaha on a more regular and informal basis. Buffett has established himself as the most successful investor in history. And he has never kept his investing

The world's central banks have printed unimaginable amounts of money in recent years - "these guys are really more powerful than the government." Neil Macdonald explores what this means for the global economy and for your financial well-being - "can

Berkshire Hathaway's Q1 earnings are out. The company run by Warren Buffett earned $3.78 billion or $2,302 per share, up from $2.66 billion or $1,615 per share a year ago. One detail from the Berkshire's filings we're always interested in is the

When it is on the receiving end of course. Several days ago we reported that Goldman's various judicial pawns would not rest for a minute until they made the life of the original "HFT code stealer" Russian algo trader Sergey Aleynikov, the 10th

If there is any market that demonstrates the complete and total misallocation of capital that results from Banana Ben Bernanke’s money printing and artificially low interest rate policy, it the latest phony American housing bubble. With a record