U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.» Read More
Western stock markets have been experiencing a sucker's rally, but the Shanghai market might be the real thing, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC.
A wide range of measures to ease the credit crunch will be announced Tuesday and they may now include financial aid to several insurance companies, according to a source.
As layoffs mount across the country and in all sectors, couples who are co-workers are increasingly vulnerable to losing their families' twin sources of income at once.
The plan will get "credit flowing again to families and businesses", the government says, and is also expected to include measures to aid financial firms.
President Barack Obama plans to participate in town hall-style meetings next week in two cities that have struggled amid the crumbling economy.
The Chinese stock market is leaving its Western counterparts in the dust as it emerges from the ongoing bear market first, Puru Saxena, chief executive from Puru Saxena Wealth Management, told CNBC.
The latest employment data shows a loss of 598,000 jobs in January, slightly more than expected, while the unemployment rate shot up to 7.6 percent. CNBC asked economists, executives and political leaders what the deep cuts mean for the economy.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
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.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
Government leaders will need to take a "shock-and-awe" approach towards the economy as indicators show a worsening recession, Mohamed El-Erian, co-CEO of the Pimco bond fund, said Friday.
Yes, even the seemingly bullet proof auto makers have stalled. This morning, Toyota reported abysmal third quarter results and warned that it's heading toward its first annual loss since 1950.
Economists predict another steep decline in payrolls for January, with the jobless rate expected to reach 7.5%.
Billionaire investor Warren Buffett has led the charge into the battered stock market of late by making large acquisitions at a time when most investors are fiercely protecting their cash. One analyst told CNBC that even though he is suffering some heavy losses in the short term, the strategy will pay off.
The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.
Marc Faber, better known as Dr. Doom thinks there's value in Asian markets where you get paid to wait out the recession. He also sees inflation as a major problem looming ahead in the future of the U.S. economy.
The Obama administration plan to be announced Monday envisions a smaller, secondary role for the bad bank concept and will also involve less money than first thought.
“We need a stimulus bill, and we need it now,” said Jack Bogle, founder of the Vanguard Group. Bogle said the U.S. is in a deep recession that could turn worse if actions are not taken quickly.
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.
The suppliers are now talking with the Treasury Department about getting $20.5 Billion in federal aid. These guys are hurting, close to collapsing, and on the verge of blowing a hole through the auto industry.
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