World Economy


  • Japanese Flag

    The Obama administration is committing huge sums of money to rescuing banks, but the veterans of Japan’s banking crisis have three words for the Americans: more money, faster. The Japanese have been here before. They endured a “lost decade” of economic stagnation in the 1990s as their banks labored under crippling debt, and successive governments wasted trillions of yen on half-measures.

  • Toyota And Nissan Hit The Brakes Friday, 13 Feb 2009 | 8:53 AM ET

    When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.

  • A Case for Buy and Hold:  S&P 500 Long Term Trends Friday, 13 Feb 2009 | 8:22 AM ET

    At yesterday's Power Lunch town hall, there was some good debate on whether buy and hold pays off in the long run.  Here is some of the analysis that fueled the discussion...

  • Summers: Economic Woes Will Take Time to Remedy Friday, 13 Feb 2009 | 7:57 AM ET

    A top economics adviser to President Barack Obama says the $790 billion stimulus plan set for a final congressional vote will help, but that it isn't a "silver bullet" to cure the problem.

  • Ailing Banks May Require More Aid to Keep Solvent Friday, 13 Feb 2009 | 5:35 AM ET

    Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking, the New York Times reported.

  • Secret to Surviving the Bear – Keep it Simple Friday, 13 Feb 2009 | 4:35 AM ET

    It seems many traders and newcomers to the markets think that using sophisticated methods or expensive tools will help them make larger profits in the markets. They could not be further from the truth.

  • Watch CNBC’s ‘House of Cards’ Thursday Night Thursday, 12 Feb 2009 | 5:22 PM ET

    Host David Faber goes in-depth on the credit crisis, telling us what happened, who the players were and how it stretched across the globe.

  • Stocks Claw Back as Market Cheers Details Thursday, 12 Feb 2009 | 4:37 PM ET

    Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.

  • Farrell: Don't Despair! Thursday, 12 Feb 2009 | 3:03 PM ET

    Fourth quarter GDP was announced as a negative 3.8% the other day, but it's going to get revised downward, maybe more than once.

  • Internships: How Far Will You Go? Thursday, 12 Feb 2009 | 1:37 PM ET

    It's a testament to how crappy the prospects of young people are that even when the economy was roaring, we would still take these unpaid positions just to fill out our resumes.

  • Job Cuts Keep Coming—Is Your Firm On the List? Thursday, 12 Feb 2009 | 12:24 PM ET

    Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.

  • Job Cuts Keep Coming—Is Your Firm On the List? Thursday, 12 Feb 2009 | 12:08 PM ET

    The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.

  • Obama's First 100 Days: What He's Done So Far Thursday, 12 Feb 2009 | 11:03 AM ET

    US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.

  • Don't Blame A Lack Of Credit For Not Being Able To Buy Thursday, 12 Feb 2009 | 9:54 AM ET

    The idea that a lack of credit is keeping a large percentage of people from buying a new or used car is one of the more ridiculous assumptions still swirling around the auto industry. If you are looking to buy, there's plenty of credit available and frankly, it is a buyer's market.

  • The Stimulus Plan: The Good, The Bad & The Very Ugly Thursday, 12 Feb 2009 | 8:56 AM ET
    Economic Stimulus Package

    Late yesterday, the US House and Senate conferees came to an agreement on the Obama stimulus plan - the decision to cut back the spending was a great idea, says Andrew Busch.

  • Futures Pare Losses After Economic Surprise Thursday, 12 Feb 2009 | 8:55 AM ET

    Futures were pressured by declines overseas Thursday but pared losses after the first rise in retail sales in seven months.

  • Chadwick: Credit Cards - The Next Crisis Thursday, 12 Feb 2009 | 8:47 AM ET
    Credit cards

    I keep looking for signs of economic light at the end of the tunnel, and yet this credit card crisis scares me too much to get hopeful yet, says Patricia Chadwick, founder & president of Ravengate Partners.

  • Baccardax: Would Woody Allen Buy Bonds? Thursday, 12 Feb 2009 | 6:48 AM ET

    A quick glance at this week's government bond auctions reminds me of that old story Woody Allen used to tell about overhearing two women in a Manhattan restaurant: one complains that "the food here is just terrible," to which her friends agrees, adding, "yes, and such small portions."

  • Defensive is Dead – Cyclicals Taking Over: Strategist Thursday, 12 Feb 2009 | 4:21 AM ET

    The investment mantra of "stay defensive," which wary market watchers have clung to in the wake of last year’s brutal declines, is faltering, and cyclical stocks are set to take over as the economy shows tentative signs of recovery, Tammo Greetfeld, senior equity strategist of UniCredit, said in a research note. 

  • The Best Time to Travel — During a Recession Wednesday, 11 Feb 2009 | 6:36 PM ET

    As morbid as it sounds, a recession's the perfect time to take a very, very long vacation. And guess what? It's really cheap too!

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