World Economy


  • Bankruptcy Mortgage Bill to Be Introduced in Senate Wednesday, 29 Apr 2009 | 2:13 PM ET

    Senate Majority Whip Richard Durbin (D-Illinois) Thursday will take  so-called bankruptcy cramdown legislation to the floor, seeking a vote on the controversial proposal, say Congressional and industry sources.

  • Obama's First 100 Days: What He's Done So Far Wednesday, 29 Apr 2009 | 11:29 AM ET

    The Obama administration Tuesday will unveil measures to address the role of second mortgages or other liens on properties that might be pressuring consumers and businesses.

  • End Of Month Melt-Up Wednesday, 29 Apr 2009 | 11:12 AM ET

    The S&P 500 has hit a 3-month high; shorts are looking to cover as the month closes out. As I've said before, it wasn't supposed to be this way; many big names-including big quant funds-were positioned short going into earnings season, under the assumption we would sell into the rallies in March and the first half of April.

  • Chadwick: What Hath 100 Days Wrought? Wednesday, 29 Apr 2009 | 10:48 AM ET
    President Barack Obama

    President Obama promised CHANGE in his campaign for President, and after 100 days in office, it is easy to give him a grade of A++ on keeping that promise. I must leave it to historians to gauge whether or not his first 100 days will take the top prize in terms of changes instituted in this country, but for sure he will get honorable mention.

  • Pontiac Died, So Why Is Chrysler Living? Wednesday, 29 Apr 2009 | 10:34 AM ET

    Over the last two weeks one of the more intriguing (and downright scary to some people) suggestions is the idea of the auto task force killing the Chrysler brand. I'm not talking about the Chrysler corporation, but simply the Chrysler brand. Three months ago that idea would have been roundly dismissed as "crazy talk", not anymore.

  • Will Swine Flu Stunt Economic Recovery? Wednesday, 29 Apr 2009 | 10:25 AM ET

    Also, vital information for travelers.

  • Farrell: Should We Be Scared Of Sheila Bair? Wednesday, 29 Apr 2009 | 9:50 AM ET

    The Chairman of the Federal Deposit Insurance Corporation, Sheila Bair, said she thinks the FDIC should have the authority to close "systemically important" financial institutions.

  • GDP Down 6.1%, Reflecting Continuing Economic Woes Wednesday, 29 Apr 2009 | 9:29 AM ET

    The  economy contracted at a steeper-than-expected pace in the first quarter, weighed down by sharp declines in exports and business inventories.

  • This Morning's Silver Lining Wednesday, 29 Apr 2009 | 9:28 AM ET

    Futures dropped as the first quarter GDP estimate, at down 6.1 percent, was well below expectations of down 4.7 percent. However, the downside impact has been limited because personal consumption was higher than expected.

  • Futures Pare Gains as GDP Skids Wednesday, 29 Apr 2009 | 9:13 AM ET

    Futures pared gains Wednesday after the first look at first-quarter GDP showed the economy contracted at a sharper pace than expected.

  • Pros Say: Hold Your Horses, Banks Not Healthy Yet Wednesday, 29 Apr 2009 | 5:00 AM ET

    Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.

  • Market Tips: Why China's Rally Doesn't Ring True Wednesday, 29 Apr 2009 | 4:53 AM ET

    Global stocks were higher Wednesday as swine-flu fears took a step back from the spotlight and investors focused on the upbeat economic data which came out of the U.S. Experts tell CNBC that the acceleration in China's stock markets may be short-lived.

  • Swine Flu Could Push Oil Lower: Analyst Wednesday, 29 Apr 2009 | 4:49 AM ET

    Swine flu could affect commodities prices, especially oil, as demand may shrink on fears of a further economic slump because of a worldwide epidemic, Eugen Weinberg, senior commodity analyst at Commerzbank, told CNBC.

  • Investors have a new variable that could potentially impact investment outcomes -- the flu. Your portfolio strategy will be impacted depending on how serious the spread of swine flu is and how dramatic the resulting panic turns out to be.

  • S.Korea's March Current Account Surplus at Record High Tuesday, 28 Apr 2009 | 8:37 PM ET
    Korea, Korean Flag

    South Korea posted a record current account surplus for March as exports rose for a second consecutive month, central bank data showed on Wednesday, cementing hopes the worst for the economy is over.

  • Consumers hoping that the worst of the recession is over may be setting themselves up for disappointment, a panel of economists said Tuesday.

  • Obama's First 100 Days: What He's Done So Far Tuesday, 28 Apr 2009 | 1:00 PM ET

    The Obama administration Tuesday will unveil measures to address the role of second mortgages or other liens on properties that might be pressuring consumers and businesses.

  • Busch: The String of Good News is Over For Now Tuesday, 28 Apr 2009 | 11:07 AM ET
    Andrew Busch

    For the last 4 weeks, we've had a series of earnings releases and economic numbers that had upside surprises and helped increase investor confidence in equities and in currency risk trades.

  • Fed Weighs Steps to Brace Economy Against Swine Flu Tuesday, 28 Apr 2009 | 10:32 AM ET
    Federal Reserve

    Federal Reserve policymakers are weighing whether additional steps are needed to brace the economy as an outbreak of the swine flu has emerged as a potential new danger that could aggravate the recession.

  • Is This The Final "Fix" For GM? No Way Tuesday, 28 Apr 2009 | 10:00 AM ET
    Fritz Henderson

    GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GMs latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical.

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