Scott Black, president and founder of Delphi Management, loves cheap stocks. Lucky for him, he found three amid a roller-coaster year for stocks.» Read More
Australian business conditions have taken a steep turn for the worse as confidence slumped to record lows in the eye of October's financial storm, and even a bold cut in official interest rates provided only cold comfort.
China's inflation rate fell further in October, easing pressure on Beijing to contain price rises as it launches a massive stimulus package to boost slowing growth.
Japan's current account surplus in September plunged 48.8 percent from a year earlier as import growth far outpaced export growth in the face of a global slowdown, the Finance Ministry said Tuesday.
Casino operator Las Vegas Sands, which warned last week it was in danger of violating loan agreements, said it would suspend construction in Macau as it copes with a lack of financing options.
Tiger Woods discusses getting into real estate in the current market, how he feels about Obama's election and the survival of his sport in tough economic times, while American International Group's CEO comments on the company's loss of $24 billion in the third quarter and the government's bailout package. Following are today's top videos:
The U.S. dollar fell against the euro Monday as news of a large economic stimulus package from China made traders more willing to take on risk.
The U.S. Treasury and Federal Reserve on Monday eased the terms of official aid to battered insurance giant American International Group. The following is a chronology of Fed actions to counter a global credit crisis sparked by the collapse of U.S. housing
European shares rose on Monday as commodities surged on a near $600-billion Chinese economic stimulus plan, though stocks ended well off day highs on doubts about whether the plan was enough to avert a sharp global slowdown.
On Friday, President-elect Barack Obama said that his top priority was to get a new economic stimulus plan passed. Yesterday, China announced its own $600 billion stimulus plan with an emphasis on infrastructure and public works. With all this money pouring in, which stocks might be poised for a jump?
China pitched in nearly $600 billion to the global effort to avoid the worst economic downturn in decades, while grim Japanese data offered more proof of the damage caused by the global financial crisis.
President-elect Barack Obama will not make any Cabinet announcements this week, a spokeswoman said Monday.
Capital markets must regain some stability before banks receiving government rescue funds will begin making loans again, the Treasury Department official managing the rescue said on Monday.
The U.S. job market weakened in October as demand for goods and services continues todecline, a private research group said on Monday.
Ahead of next weekends meeting, the G20 group of advanced and big emerging economies issued a communiqué indicating the direction and scope of their interests. From stabilizing the financial markets to supporting global growth to minimizing the “negative social impact” of the crisis, their goals are lofty and their ambition extraordinary.
The economy will worsen in the coming months and cause the market to fall another 20 to 25 percent in the United States and abroad, said Nouriel Roubini, a New York University business professor, on CNBC’s “Squawk Box” on Monday.
With the end of merger talks between Chrysler and General Motor, there is rampant speculation about what happens next to Chrysler. Sure parent Cerberus Capital would prefer to sell Chrysler as a whole, but the odds of that happening aren't real strong.
Global stocks got a boost after the announcement of China's near-$600 billion stimulus package. After last week's rollercoaster ride, CNBC's experts believe there is a strong chance that this is the beginning of a major year-end rally.
There’s no use trying to pretend now. The economic news that poured out last week is ample evidence that the US economy is in a recession. The headline news on the job losses told the story loud and clear and what will follow will be a steep decline in corporate profits.
Oil should be above $70 a barrel to encourage investment in increased production capacity and avoid creating future supply crises, Qatar's oil minister said on Monday.
Australia's government is to inject an extra $2.3 billion into the ailing car industry to offset tariff cuts and a global economic slowdown, Prime Minister Kevin Rudd said on Monday.
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