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  • Asian Markets Rise on Hopes of Rate Cut Thursday, 21 Feb 2008 | 5:26 AM ET

    Most Asian markets made firm gains Thursday, as solid earnings and expectations of further U.S. interest rate cuts outweighed worries about inflation, even as oil hit a record high above $101 a barrel.

  • That '70s Look: Stagflation Thursday, 21 Feb 2008 | 5:17 AM ET

    Lately, many people are hearing an echo — faintly perhaps but distinctly audible — of the stagflation of the 1970s.

  • Japan Exports Rise but Trade Gap Biggest in Two Years Wednesday, 20 Feb 2008 | 9:20 PM ET

    Japan's exports rose more than expected in January from a year earlier as solid shipments to Asia and Europe cushioned soft exports to the United States, a major destination for Japanese goods.

  • Oil Closes at Record for Second Straight Session Wednesday, 20 Feb 2008 | 4:44 PM ET

    Oil futures rallied again Wednesday, pushing briefly past $101 a barrel after the Federal Reserve lowered its forecast for economic growth this year, convincing energy investors that the central bank will slash interest rates further.

  • Inflation Gathers Steam as Housing Slides Further Wednesday, 20 Feb 2008 | 4:25 PM ET

    US inflation accelerated in January in a worrying sign for the Federal Reserve's campaign to bolster the flagging economy. 

  • Dollar Flat vs Euro as FOMC Minutes Seen Dovish Wednesday, 20 Feb 2008 | 3:46 PM ET

    The dollar erased gains against the euro to trade flat Wednesday after minutes of the Federal Reserve's January monetary policy meeting warned of more risks to the U.S. economic growth outlook.

  • Fed Sees Credit, Housing Cutting Into Growth Wednesday, 20 Feb 2008 | 3:01 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve lowered its projection for economic growth this year, citing damage from the housing slump and credit crunch.

  • Oil: Is The "Bull" Market Here To Stay? Wednesday, 20 Feb 2008 | 2:49 PM ET

    This post is from guest blogger, CNBC energy producer Judy Gee. The March oil contract tested $100 again before its expiration later today but traders on the floor say the contract to watch is April's. Trading as high as $99.70 earlier in the session, if April moves beyond $100, this bullish market may be here to stay--at least for now.

  • Fed's Poole: Recession Unlikely but Inflation a Risk Wednesday, 20 Feb 2008 | 2:47 PM ET

    The U.S. economy will probably avoid a recession but inflation is also a risk and the Federal Reserve must not ignore this threat as it battles weak growth, one of the Fed's top policy-makers said.

  • Text: FOMC Minutes Wednesday, 20 Feb 2008 | 2:21 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    The text of the minutes from the Federal Open Market Committee's meeting on January 29-30, released on February 20, 2008.

  • UBS Says US Economy Already in Recession Wednesday, 20 Feb 2008 | 1:35 PM ET

    The U.S. economy is in recession, albeit a mild one, as a weakening consumer sector has compounded the ongoing problems in the housing and credit markets, according to UBS economists.

  • In case you are wondering why commodity prices continue to rise in the face of a U.S. slowdown, please listen to what Rio Tinto CEO Tom Albanese told our David Faber a short while ago. He discussed how China was continuing to suck up a greater and greater part of the world's commodity supplies, and concluded by noting that China now consumes:

  • Rio Tinto CEO: We're Too Valuable for Takeover Wednesday, 20 Feb 2008 | 12:05 PM ET

    Rio Tinto isn't interested in takeover bids from BHP Billiton -- or any other companies, says CEO Tom Albanese. In November 2007, BHP had offered 3.4 shares of BHP for every share of Rio Tinto. But Rio's board rejected the bid as well as a subsequent sweetened offer. The CEO explained to CNBC that in the days since the initial bid, "Our markets have gotten even stronger." Thank China.

  • GMAC Reorganization: More Proof Of Tough Times Wednesday, 20 Feb 2008 | 11:53 AM ET

    The news this morning that Cerberus Capital is re-organizing GMAC's auto finance business is the latest indication the slowing economy and tighter credit are having a definite impact on the auto business.

  • Insolvencies to Rise in Developed Countries: Report Wednesday, 20 Feb 2008 | 10:04 AM ET

    The number of insolvencies is set to rise in Western economies due to the global credit crunch and the end of housing booms in countries such as the United States, Britain and Spain, a report said on Wednesday.

  • Asian Stocks Sink on Renewed Credit Fears Wednesday, 20 Feb 2008 | 4:49 AM ET

    Asian markets closed sharply lower Wednesday with Japan losing over 3 percent lower and both Australia and South Korea ending around 2 percent down.

  • Oil Settles Above $100 for First Time Ever Tuesday, 19 Feb 2008 | 3:20 PM ET

    U.S. crude oil futures settled at a record $100.01 a barrel, surging on refinery snags, a weak dollar, and concerns about supply from Venezuela and Nigeria.

  • Bankers, Bosses, Tax Men and Spies Tuesday, 19 Feb 2008 | 1:25 PM ET

    The tax controversy between tiny Lichtenstein and its big German neighbor is more intriguing than fiction.

  • Aussie Dollar Rises as Stocks, Commodities Gain Tuesday, 19 Feb 2008 | 12:40 PM ET

    The high-yielding Australian and New Zealand dollars climbed Tuesday, as gains in global equities and commodities bolstered investor appetite for risky trades, outweighing worries about the health of the financial sector.

  • Chrysler's Road Ahead Tuesday, 19 Feb 2008 | 10:41 AM ET

    I hear it all the time from car buffs, Chrysler fans, and those who lament the struggles of the American automakers. It goes something like this: "Why is Chrysler cutting back here in the U.S. and looking to expand overseas?"

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