The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.
Top executives at companies taking government money from the TARP will likely see their pay slips capped at $500,000 under a new initiative to be announced Wednesday by President Barack Obama. But one analyst told CNBC that the move could have a negative effect.
Why can't the banks trust each other? I mean, they can pay back their money, can't they? Don't they just make more?
US and global stocks are still likely to fall because the corporate and economic news will be worse than expected, Nouriel Roubini, RGE Monitor Chairman, told CNBC in Davos.
The rally on the Dow Jones Transportation Index will fail and a long-term downturn can be expected for the index, Roelof Van den Akker, chartist at ING Wholesale Banking said Tuesday.
US President Barack Obama won't be there, but many other major world leaders will be on hand, and policy experts say they'll have to do more than just show up if they want to jumpstart the global economy.
The recent lull in the government bond market's bullish tone only enhances the arguments for ramping-up a portfolio of the heretofore dullards of the financial markets.
The euro will not be around in the next 20 years, but Britain would have been better off had it joined the single European currency when it had a chance, legendary investor Jim Rogers told a British newspaper.
German memory-chip maker Qimonda declared bankruptcy Friday, just a month after receiving a rescue package of millions of euros (dollars) in loans.
Global stocks ended the week lower Friday on heightened economic fears. The dollar and government bonds gained as investors parked their money in safe havens.
Well, I don't know about YOU, but 18 months into this subprime-crisis-turned-banking-crisis-turned-financial-crisis-turned-economic-crisis I am beginning to suffer from "crisis fatigue."
The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
Global stocks were down again Wednesday on continued signs of trouble in the financial sector. Experts tell CNBC that there is more bad news to come.
Barack Obama will become the 44th President of the United States on Tuesday. Ahead of Obama's inauguration, global stocks were mixed on investors' concerns about the economic difficulties confronting the incoming president. Experts on CNBC expect the dollar and U.S. stock market to fall on Obama's induction.
Considering the Dow and S&P are down in 2009, will the market bounce after the inauguration?
The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony, Marc Faber, publisher of the Gloom, Doom and Boom Report, told CNBC.
Like children at a funfair with a few quid in their pockets, Gordon Brown and Alistair Darling have dropped their latest coin (this one’s worth 100 billion pounds, or $146 billion) into the whack-a-mole game that is the UK financial market.
Global stocks were up Thursday after the U.S. said it would support Bank of America's purchase of Merrill Lynch with a $20 billion investment by the government and a promise to protect against losses on bad loans, removing a risk for investors. Experts highlight four perils that will dominate 2009.
The European Central Bank is widely expected to cut interest rates by 50 basis points Thursday, to a record low of 2 percent. But how low will the central bank go? Experts tell CNBC euro-zone rates could bottom at 0.5 percent.
The European Central Bank remains stuck to staff projections that the euro zone economy will shrink by just 0.5 percent this year while inflation slows to 1.4 percent and warns of a low-interest rate trap.