Veteran trader Art Cashin told CNBC on Monday that a rumor about a second corporate bond default in China has been making the rounds on Wall Street.» Read More
Most of you are waking up this morning, hearing that Toyota has just forecast it's first annual loss in decades, and may be saying, "Wow, even Toyota is hurting." This news shouldn't come as a surprise.
The Dow Jones Industrial Average and S&P 500 will rebound in the first quarter of next year as incoming President Barack Obama is likely to boost investor sentiment, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.
The New Year is approaching, but 2009 could be another year of recession in the US. Will investors have to wait until 2010 for growth to pick up?
Joe Terranova thinks every investor needs to become a trader. “Hit and run but don’t hold anything very long. That’s the script for 2009.”
On Friday, the auto bailout was announced: General Motors and Chrysler will get up to $17.4 billion in short-term loans from the U.S. in return for deep concessions. Treasury boss Hank Paulson reversed himself, asking for the second half of the TARP fund. Who gets bailed out next — and where does it end? Strategists told CNBC the bailout is going to make things worse; but one airline CEO sees a healthy Darwinian process.
The US government could be entering a bottomless pit of bailouts if it starts propping up failing companies outside the financial sector—including the struggling auto industry, economists say.
Global markets were down Friday, tracking Wall Street's overnight losses. The dollar continued to fall, on track for the biggest weekly decline since 1985, and oil remained near 4-1/2 year lows.
Despite many central banks lowering interest rates toward zero, and planning quantitative easing while flooding the markets with money, experts interviewed by CNBC see recession taking its toll and predict years of disinflation.
This year has been marked by astonishing and market-changing events including a $100 fall in the price of oil, the drop to zero of US interest rates and the collapse of Wall Street giants such as Lehman Brothers.
Thursday: U.S. jobless claims eased from a 26-year peak but still showed weakness in the economy. After the Federal Reserve's moves this week, homeowners are scrambling to refinance; the dollar is sliding against the euro. And the second half of the $700 billion TARP bailout fund looks likely to go toward foreclosure relief and economic stimulus. CNBC heard from experts who say crude oil prices are finally correct — and oil, stocks and gold are going to soar.
Global markets look set to remain volatile until year-end, as the dollar reverses several months of gains and hits a 2-1/2 month low against the euro, and as oil falls to the $40-a-barrel level despite OPEC's historic supply cut.
As the end of the year closes in, volumes in global markets remain low, with many indexes trading sideways, as investors remain in government bonds for both safety and yield.
Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators.
Japan stepped up its warnings against the yen's rise to a 13-year high against the U.S. dollar, saying it would deal appropriately with the situation which may include forex intervention.
I am very bullish on Asia and I think the region has an incredible future. But let's be honest --something's happening in Asia that's quite disconcerting. A storm's brewing across Asia. How can you the investor survive it?
Now that Fed Chairman Bernanke has answered how low he would take interest rates, he needs to explain what's next.
A CNBC panel of experts thinks Federal Reserve Chairman Ben Bernanke is tops when it comes to the business world.
The dollar dropped to an 11-week low and government bonds rose Wednesday after the Federal Reserve cut its base rate to a range of zero to 0.25 percent. The central bank said it would employ "all available tools" to battle a year-long recession.
Global markets had mild gains Wednesday after the Federal Reserve cut rates to a range of zero and 0.25 percent, as many anticipated. Experts told CNBC that recent market volatility will continue for some time.
The Fed changed the game with an aggressive rate cut. How can you play it?
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