CNBC's Herb Greenberg, Simon Hobbs, Seema Mody and CNBC contributor Greg Ip discuss Pope Francis' criticism on capitalism and high salaries.» Read More
Asian stocks were suffering a case of the nerves ahead of the U.S. Federal Reserve meeting later Wednesday. Markets started the session on a strong note, but then slipped into negative territory with Hong Kong closing 2.6 percent lower and Japan shedding 1 percent.
Japan's industrial production rose less than expected in December and manufacturers saw their output falling in coming months, data showed on Wednesday, suggesting that companies are starting to feel the pinch from slowing U.S. growth and a housing slump at home.
Critics of many stripes think Bernanke is doing a poor job, whether it is lowering interest rates for the wrong reasons or keeping them too high for too long.
Stocks closed higher in another jittery session, helped by expectations of another Fed rate cut and an economic stimulus package from the federal government.
Oil climbed above $91 as stock markets rose on hopes of a fresh U.S. interest rate cut, with forecasts there will be a draw in U.S. distillate stocks and no change in OPEC output offering additional support.
The dollar edged up against the euro and yen Tuesday after a mixed bag of U.S. economic data led dealers to trim their bets against the currency ahead of Wednesday's policy decision by the Federal Reserve.
The multinational trade is thriving as global growth continues unabated and regardless of the U.S. economic slowdown. But the best way to play the world’s booming economies can be right here at home. Guy Adami highlights his favorite U.S.-based multinationals.
Europe's major stock indexes closed higher across the board Tuesday, buoyed by hopes that the Federal Reserve will cut interest rates again on Wednesday in order to avoid the world’s largest economy going into a recession.
U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
Schroders, Scottish Widow and Fidelity are among the funds that haven’t been keeping up with the pack in terms of returns, while Invesco Perpetual Income and High Income were among the best, a report from independent financial advisors bestinvest showed on Tuesday.
There's a bit of a debate brewing in Detroit, and frankly with all of the automakers around the world. The question is: How much more will car/truck/SUV buyers pay to buy a model that delivers 35 MPG? Or for that matter, to buy a ride that will meet the new fuel economy standards?
The economy is continuing to give off mixed signals as the Federal Reserve prepares to meet today and tomorrow on whether to cut interest rates further.
OPEC meets at the end of the week and you have to assume they will get together and have a good laugh. Americans are drowning in sub prime slime, a single French trader made $7.2 billion disappear, and all the while OPEC members are wallpapering their palaces with dollars.
Key European leaders are calling for greater transparency in world financial markets, meeting Tuesday in London to discuss how they can rescue the turbulent global economy.
Expectations of a further cut in U.S. interest rates buoyed most Asian stocks Tuesday. Japan finished nearly up 3 percent, but the Australian market bucked the positive trend to close almost 2.5 percent lower.
Japan's jobless rate was flat in December but the ratio of jobs to applicants hit a two-year low, suggesting that rising raw material costs and growing pessimism on the economy are making firms reluctant to boost hiring.
Recession. Bear market. Credit crunch. Is it better to stay out of the stock market or use the recent selloff as a buying opportunity?
Recession chatter is reaching a crescendo The media is full of it. Wall street economists are predicting it. And companies are planning for it. But, the U.S. is not really in a recession yet, technically speaking. (or at least we don't know if we are.)
This week showcases an unusual role reversal: someplace else, for at least a moment, will look angrier and more dysfunctional than political Washington. Scarcely a minute passes on the 2008 campaign trail without ritual denunciations of paralysis in the capital because of infighting between Democrats and President Bush’s Republicans.
Relief is coming. My colleague Melissa Francis warned you two weeks ago that if you were paying $3.10 a gallon (the national average at the time), it was likely "the most expensive drop" of gasoline you’d buy for awhile. So far she’s been right. Retail gasoline prices have finally fallen below $3 a gallon on average for regular unleaded, according to AAA.