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
President Barack Obama said it appears Congress is "on target" to approve a massive new stimulus package by Feb. 16th, President's Day.
With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.
Wondering what President Obama is planning to do to save the auto industry? Just ask some of the people the President's advisors have been consulting.
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.
Global stocks ended the week lower Friday on heightened economic fears. The dollar and government bonds gained as investors parked their money in safe havens.
Now that he's taken the oath of office a second time, watched the Jesse White Tumblers in the inaugural parade, and danced at several balls celebrating his inauguration, President Obama faces some tough choices with the auto industry. What should he do? What would you do if you were sitting in the oval office?
With the dramatic plunge in the British pound and the dramatic rise of the Japanese yen & Swiss Franc, the rumblings from Tokyo to Zurich to London are all pointing in the direction of action, says Andrew Busch.
SunTrust, KeyCorp, Fifth Third, Comerica report substantial losses on writedowns or setting aside cash to cover loan losses.
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 yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
We talk about housing a lot, but usually from an altitude of 30,000 feet. Seldom do we actually speak to the people in the thick of it, people who got in over their heads and are now drowning in debt.
More companies announced layoffs as the employment picture continued to dim.
A few years ago, this kind of news would elicit hand wringing in Detroit, another round of "Detroit is Failing" headlines, and statements of false bravado from GM executives who often reacted with denial whenever the company slipped. Those days are gone.
While guidance from financials is generally downbeat again, there are a few outliers reporting good results outside of the banks.
Global stocks were down again Wednesday on continued signs of trouble in the financial sector. Experts tell CNBC that there is more bad news to come.
Irish property tycoon Patrick Rocca was found dead in a suspected suicide Monday, according to several published reports.
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.
IBM pleasantly surprised everyone and is up 4 percent after the bell on strong earnings, guidance.
The message of the markets has been clear since the open: without stability in financials it will be difficult for the broad market to stabilize. We are again on the verge of a 90 percent downside day, the second since last Wednesday, which is when the Bank Index broke to new lows.
Get the best of CNBC in your inbox