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Some economists say it's time for Fed Chairman Bernake to just say no to Wall Street and cut interest rates less than the half point that's expected at Tuesday's meeting.
"Karnac the Magnificent" I am not. Heck, for weeks I've been predicting Congress would ultimately come up with a bailout for the Big 3. So after the Senate shot down the aid package last night, it's no wonder my wife said to me, "Gee Einstein, guess you were wrong about what would happen on Capitol Hill."
The Senate rejected the bill for a $14 billion U.S. auto bailout on Thursday, sending global stocks plummeting.
The dollar dived to a 13-year low against the yen on Friday after the U.S. Senate failed to agree a bailout for U.S. automakers, raising the prospect Japanese authorities may intervene to stem the yen's rise.
Oil prices plummeted Friday as concerns increased over energy demand in the slowing global economy. Experts tell CNBC the commodity could fall to $10 a barrel.
The dollar is teetering just below a critical level versus the euro that could send it nearly 40 percent lower, Phil Roberts, technical analyst at Barclays Capital, told CNBC.
Japanese Prime Minister Taro Aso on Friday announced a new stimulus package to shore up his country's economy, with measures to spur employment, encourage lending and inject capital into financial markets.
The global stock market could be stuck in its current bear-market trend until 2012 and beyond, but next year could give investors a strong bear-market rally to trade, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC.com.
Russian news agencies quote a senior economic official as saying that Russia faces at least two quarters of economic decline and is therefore in recession.
Numbers from the fed today demonstrated the turmoil that swept our ecoomy in the third quarter.
Stocks closed sharply lower, led by financials after comments from JPMorgan CEO Jamie Dimon and as investors worried about the fate of the auto bailout.
Stocks turned mixed Thursday as a rise in commodities stocks offset pressure from a weak jobs report and a sharp drop in import prices.
The survival of the U.S. economy depends on helping homeowners, said John Bogle, The Vanguard Group founder and former CEO.
The US dollar fell across the board Thursday on lower risk aversion among investors, helped in part by the latest monetary actions by central banks from around the world.
After largely fading from public consciousness following the dot-com bubble, day traders are back with a vengeance. But they're much different today from the 1990s image of someone in sweatpants trading at home.
Congressional wrangling over an auto-industry bailout continued to dominate expectations on Thursday, complicated by more downbeat data about initial claims for unemployment benefits. But some analysts interviewed by CNBC found diamonds among the lumps of coal.
You have to give it to the Senate Republicans. Senators Shelby, Corker, Ensign and their colleagues in the GOP have been loud and effective in slowing down, if not jeopardizing the $14 Billion auto bailout package.
Britain's biggest retailer, Tesco, announced price cuts of 50 percent. Former household favorite Woolworths began a closing-down sale. Music retailer HMV reported a sizable first-half net loss.
Stock index futures indicated a slightly weaker open Thursday, pushed lower by further weakening in the jobs market and a sharp decrease in import prices..
Global markets were wobbly Thursday, hurt by uncertainty over a $14 billion rescue plan for U.S. automakers. In the midst of the increased market volatility, experts interviewed by CNBC advise investors to stay cautious and diversified to survive the bear market.