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
Markets rebounded on Thursday after the previous day's rocky ride, but where can investors seek refuge?
Ireland said Thursday it is extending its guarantee of bank deposits to cover savings in five foreign-owned institutions.
Watch for more triple-digit market moves Thursday. Stocks could just as easily be up as down if you look at Wednesday's action. Even after major central banks joined the Fed in an unprecedented global rate cut, stocks ended lower after a volatile 400 point swing in the Dow.
Central banks around the world, including the Federal Reserve, reduced rates to help relieve the global economy and stem the financial crisis, while stocks ends lower for the sixth consecutive trading session. Following are today's top videos:
The U.S. is likely to have gone into a recession in the last couple of weeks, said Sam Zell, chairman of Equity Group Investments, on CNBC.
Four observations: 1) Markets rallied midday on comments from Mr. Trichet in Europe-he said they would "take appropriate decisions at any time." Traders interpret this to mean that Mr. Trichet is now clearly in the rate cut camp, and to providing "unlimited" liquidity.
A round of coordinated interest rate cuts failed to calm global stock markets, fueling speculation that governments will have to do even more to tackle the credit crisis.
The Federal Reserve led a global interest rate cut Wednesday along with the central banks of the UK, European Union, Switzerland, Sweden, and Canada.
Central banks around the world Wednesday cut interest rates amid mounting losses in financial markets, as the credit crunch continued to seize up lending.
Stock markets around the world continued to tumble. As investors bail out of stocks, where can investors look for more safety?
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
The first deputy managing director of the IMF says that several advanced economies are close to a mild recession, while an economist predicts that over a 1000 hedge funds will close this year. Following are today's top videos:
Unfortunately, it might not be as far-fetched as is sounds.
But that doesn't mean you can't learn some important lessons from the past. Carmen explains some simple truths to remember in this madness.
John Lipsky, first deputy managing director of the International Monetary Fund, told CNBC that advanced economies are “either in, or very close to a mild recession.”
Below are the minutes released by the Federal Open Market Committee after its Sept. 16 meeting on interest rate policy:
Cries for a rate cuts from central banks across the world are growing, but the arguments against such a move aren't going away.
Australia's Central Bank stunned the markets by cutting interest rates by a full-point to 6 percent Tuesday, a reduction that was twice as big as economists predicted and the bank's biggest cut in 16 years.
The European Union will not respond with a U.S.-style bailout package to the current crisis but it will probably decide to guarantee all private deposits in banks across its territory to boost citizens' confidence in financial institutions, analysts told CNBC on Tuesday.
Don't get spooked out of this market, Joe Terranova says. Here's how to weather the storm.
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