CNBC's Bob Pisani and Art Cashin, of UBS, discuss the pop in crude and talk of European sanctions.» Read More
This October could be the worst month ever for global markets. But with the month coming to an end and investors still fearful of a deep, prolonged recession, what will be the other shoe to drop? CNBC's experts weigh in.
South Korea is working on a new set of policies to boost demand and offset the impact from a global slowdown on Asia's fourth-largest economy as investors are more hopeful that it has averted a full-scale financial meltdown.
Prices in Japan kept climbing in September, the government said Friday, but the pace of inflation appears to have peaked this summer as energy costs ease.
The International Monetary Fund has agreed to lend Pakistan $9 billion, a source familiar with the negotiations told CNBC. There will also be another meeting in November to negotiate for more aid with Gulf countries.
A divided Bank of Japan cut interest rates for the first time in seven years on Friday, under government pressure to join the global response to the worst financial crisis in 80 years.
Boone Pickens says his company is "out of the market, and have been for several weeks," after his company was slammed by the credit crunch, shrinking by about 60 percent so far this year. Meanwhile, Mexico's Carlos Slim, the world's second richest man, comments on the economy. Following are today's top videos:
U.S. banks' direct borrowing from the Federal Reserve fell last week, although it remained at very high levels even as the U.S. central bank made its first foray into the commercial lending markets, Fed data showed
Recent trends in the U.S. economy are "deeply worrisome" at a time damage from the credit crunch has outpaced the Federal Reserve's huge interest rate cuts, a top Fed policy-maker said Thursday.
When volume is light—as it typically is in bear markets—the actions of a relatively small number of investors can have a profound impact on stock prices.
The Federal Reserve's steps to help out the banking system have begun to take hold and will help resuscitate the economy, said William Ackman, managing principal at Pershing Square Capital Management.
Asian markets traded higher Thursday, with the Nikkei 225 Average closing almost 10 percent higher. CNBC's experts believe the index can keep climbing, while the rally in Western markets may be shortlived.
As the Federal Reserve slashed a key interest rate by 50 basis points on Wednesday, Pimco's Bill Gross said he expects rates to hold or decline to 1 percent.
The stock market collected on its rate-cut IOU today from the Fed, but it didn't end up changing the mood on Wall Street.
Wall Street is waiting to collect on a rate-cut IOU today from the Federal Reserve, but the central bank's move is unlikely to cause a major shift in the markets.
Below is the statement released by the Federal Open Market Committee after its Oct. 28-29 meeting on interest rate policy:
The Federal Reserve will unveil its decision on interest rates Wednesday afternoon, and a cut is widely expected by investors. CNBC asked former Federal Reserve officials to weigh in on the upcoming decision.
The real story regarding the Federal Reserve is its various liquidity operations; the federal funds rate is second fiddle. The federal funds rate nonetheless remains a powerful tool and it would be a mistake to dismiss its importance for two reasons.
Stock markets have been boosted by rallies but investors should trade with care, experts recommend.
October hasn't been a very good month for Japan's Nikkei 225 Average. And for those invested in the Nikkei, October has been nothing short of apocalyptic. A quick run through of the statistics is enough to send investors screaming for cover. But what do the charts say?
The extraordinary plunge in oil comes down to simple Economics 101.
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