PARIS, April 23- Michelin's first-quarter revenue fell 2.4 percent as weaker prices and emerging-market currencies outweighed sales volume growth, the French tyre maker said on Wednesday.» Read More
The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.
Since the dramatic stock-market declines of last year and the whip-saw volatility that has followed them, the investment mantra of "stay defensive" has been widespread as investors strive to protect their wealth. But the temptation of strong gains is luring some to add riskier stocks to their portfolio.
As the ongoing slump in the global economy sent national governments scrabbling for ways to prop up their countries’ future, CNBC asks if protectionist moves such as ‘buying American’ will really benefit the economy. One analyst said yes, for now, but the global economy could pay the price later.
The Bank of England is set to make history again Thursday, with the Monetary Policy Committee (MPC) widely expected to cut rates to an all-time low.
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.
The dollar is making broad-based gains as the flurry of bad news currently buffeting markets sends investors looking for safe-havens. Even delays to the Obama administration’s near $900 billion stimulus package could boost the greenback further, one analyst told CNBC. Get the latest investment advice from the experts on CNBC, below.
Sweden's government says it is ready to inject 50 billion kronor ($6 billion) into the nation's banks in a fresh bailout initiative designed to boost lending to Swedish companies hurt by the credit crunch.
Oil prices could bounce back toward $100 a barrel as the huge decline over the past twelve months looks set to give back up to half of its fall, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.
The toxic assets responsible for the explosion of the ongoing credit crisis are still festering on bank balance sheets. The idea that governments could step in and buy up these illiquid assets and place them in a “bad bank” is gaining favor among market watchers and some told CNBC it could be the way out of the problems.
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.
Hopefully readers will forgive the indulgence into tennis analogy, but I've just finished watching an absorbing quarter-final at the Australian Open between the Serbian-born comeback kid, Jelena Dokic, and the world's third-best female, Dinara Safina of Russia. And the parallels are clear.
Experts are divided on which threat is worse for the global economy, deflation or inflation, but gold is a safe bet in either outcome, Morgan Stanley said in a research note.
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.
Citigroup shares could slump toward their 1992 low of around $1.90 as selling pressure for the beleaguered Wall Street giant remains strong, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
The battered stock market is due for a “flash-fire” rally which could match the stellar recovery-run put in place after the crash of 1987 finally bottomed, Bill Spiropoulos, market strategist from CoreStates Capital Advisors, told CNBC.
The S&P 500 will likely head back down toward its recent lows before the end of January where it will form a base, but it’s not time to buy the index yet, Chris Locke, MD of Oystertrade.com Management, told CNBC Wednesday.
Unemployment rose to 6.1 percent in Britain in the September-November quarter, the highest rate in nearly 10 years, the government said Wednesday.
The Dow Jones Industrial Average could sink towards 7,500 points if it doesn’t start to rise very quickly, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC.
The price of a barrel of oil could slump toward $25 and even lower as the economy continues to falter, Phil Roberts, technical analyst from Barclays Capital, told CNBC Friday.
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