"China is a bigger, longer term worry," says Jim Iuorio, TJM Institutional Services director, with Jeff Kilburg, KKM Financial founder & CEO, discussing how to play geopolitical threats to the U.S. stock market.» Read More
U.S. stock index futures were broadly flat ahead of the open Tuesday as investors grew nervous that the government's plan to bail out the troubled financial sector might be delayed by political bickering.
The Federal Reserve, which has encouraged excessive borrowing, is to blame for the credit crunch that has gripped world markets for more than a year, Marc Faber, the author of the Gloom Boom & Doom Report, told CNBC on Tuesday.
The scorching volatility ripping through financial markets is not likely to let up while details of the government's rescue plan are being worked out.
AIG's new CEO Edward Liddy discusses his new role at AIG while Dick Bove shares perspectives on what the regulation of Goldman Sachs and Morgan Stanley means for banks. Following are today's top videos:
Talking to the beer producer at Oktoberfest there is definitely angst, as they say in Germany.
“The Wall Street mess will now have collateral damage to the real economy,” says Steve Hanke, a former White House economist. “We're coming into this thing in a terrible situation.”
Want to start an altercation at Oktoberfest? Inform the people in your tent that Germany does not lead the world in beer consumption.
The brewing industry has faced tough times of late. Traditionally a defensive sector, brewers are facing stiff competition from wine and spirits.
French banks have lost about $28.5 billion so far this year in the global financial crisis, but they remain much healthier than banks in the United States, France's finance minister said Monday.
There are two types of seating at the Oktoberfest tents: reserved and unreserved. My attempt at entering the reserved seating was blocked by security, press pass notwithstanding.
Oktoberfest is in full swing in Munich Monday and there are few signs that the credit crunch and Germany's economic slowdown is impeding the celebrations. But traveling tells a different story.
Over the last six months as I've filed numerous stories about the Chevy Volt, Nissan's plan to build an electric car, and Ford's focus on increasing fuel efficiency, I have heard the same thing from you: That's great, but what's Toyota doing?
The financial system bailout plan, which could end up by costing Washington around $1.8 trillion, may increase the risk of stagflation, Pimco's Mohamed El-Erian told CNBC.
Treasury Secretary Henry Paulson discusses a comprehensive approach to market developments, while Gold was up over 15% over the past two days but took a beating this morning. Following are today's top videos:
For the historic week ending Friday, September 19, 2008, the major U.S. Indices managed to close mixed and almost flat after one of the most volatile trading weeks ever, driven by the collapse of investment bank, Lehman Brothers, enormous government actions around the globe, and billion dollar deal making. In one week, the government bailed out AIG, pumped funds into money markets, and banned short selling of financials - all while keeping the Fed Funds target unchanged and taking unprecedented actions to halt the liquidity crisis. The CBOE Volatility Index (VIX) surpassed the benchmark level of 30, hitting an intraday high of 42.16 on Thursday, its highest level since 10/2002. The major indices were all up and down +/- 3% for 4 of the past 5 days. The Dow posted a 2 day point move of more than 778 points as of Friday’s close, after plummeting 811 between Monday and Wednesday and hitting 10,609.66, its lowest level since 11/9/2005. On Friday, The Nasdaq Composite recorded a 2-day point move of greater than 175 points after it closed down 109.05 points on Wednesday, its first triple digit decline for one day since it began trading after the 9/11 attacks. The S&P 500 flirted with record territory closing up 98.7 over the last two days, marking its biggest 2-day point move since 3/16/2000, the largest 2-day point move ever.
You can tell the American political community is genuinely shaken by the sight of officials in both parties, from the Bush administration and the Democratic congress, standing side by side and promising to work together--fast.
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Oktoberfest fans may be gathering in Germany for a feast to forget the turmoil in world financial markets, but the traditionally defensive beer sector looks unlikely to offer investors a safe haven this time, analysts told CNBC.com.
In tough times, will consumers still love the world's oldest drink? Vote in our poll:
You know what I've heard a lot this week? Auto sales will stay weak through 2010. This has me wondering where the buyer has gone, and why some are convinced the buyer won't come around anytime soon.
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