Microsoft CEO Satya Nadella is set to visit China in late September as the Chinese government conducts an antitrust probe.» Read More
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes.
Global stocks were mostly higher Thursday as recent selling pressure eased and safe-haven buying of the dollar and gold subsided, but reminders of the global economic gloom and financial sector woes kept investors cautious.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.
The euro rebounded Wednesday after falling to 2-1/2 month lows against the dollar the previous day. Gold also traded higher, above $970 an ounce, as investors steered clear of stocks on global economy worries.
A year ago UK lending facility Northern Rock was nationalized by the government. Since then, there has been the nationalization and saving of many more financial institutions worldwide.
It may seem like the country that used to make everything is on the brink of making nothing.
Hey, China got it right. Why couldn't we?
As brutal as it sounds, Cramer says, not every bank will make it.
The U.S. Congress was expected to pass a $789 billion economic stimulus package aimed at unleashing large spending and tax cuts to help yank the economy out of a 14-month recession.
It takes real intelligence and discipline to succinctly express something worthwhile. Brevity is not only the soul of wit, it’s the key to communicating something memorable that really sticks.
US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.
Global stocks were down again Thursday as investors floated back into safe havens on concerns of a drawn-out economic recovery. Experts interviewed on CNBC are still fans of gold, especially after the precious metal hit a 6-1/2 month high.
Banking leaders who benefited from a federal bailout are bringing a message of accommodation and gratitude to Congress, hoping for a better reception than the one given Treasury Secretary Timothy Geithner.
Although global stock markets plummeted Wednesday, with investors disappointed by the new US financial rescue plan, experts tell CNBC the US stock market could rally next week.
You probably thought Jim would tear the Treasury secretary apart. But instead he found hope for a recovery.
The Obama administration's financial-rescue plan contains a number of measures meant to ease the credit crunch, including a public-private initiative to take bad assets off of banks' balance sheets.
The Obama administration pushed back the announcement of a keenly awaited bank rescue plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus package.
The Democratic-led Senate will try again to pass a $937 billion stimulus package aimed at boosting the battered economy as some of the worst unemployment data in decades boosted political pressure for a deal.
Where’s that infrastructure build-out we were promised? What about the job creation? Why is the new president’s stimulus package such a disappointment? China got it right.
President Barack Obama warned that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible, a fresh call to a recalcitrant Congress to move quickly.