World Economy


  • This blog post comes from CNBC energy producer Judy Gee. Today's CPI report revealed energy prices had fallen a half percent in February, which stood in contrast to the 0.7 percent gain in January. In separate data, the Energy Dept. reported that heating oil, natural gas and diesel fuel all rose last month, but retail gasoline on average fell by a penny.

  • European Stocks at the Mercy of US Outlook Friday, 14 Mar 2008 | 4:08 PM ET

    European stocks are set to be dominated by events in the U.S. next week, as the Federal Reserve is likely to cut rate cuts further and the big three U.S. brokerages deliver earnings to volatile markets.

  • Fed Tries To Stem Crisis, But It May Not Be Enough Friday, 14 Mar 2008 | 3:25 PM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    Fed Chairman Ben Bernanke  is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.

  • Oil Slips Below $110 After Record Rally Friday, 14 Mar 2008 | 12:30 PM ET

    Oil slipped Friday as investors took profits from a record rally that pushed prices to a record $111 in the previous session.

  • Dollar Tumbles Broadly on Bear Stearns Cash Squeeze Friday, 14 Mar 2008 | 12:19 PM ET

    The dollar fell below 100 yen for the second straight day and hit a record low against the euro after Bear Stearns said a worsening cash position had forced the Wall Street firm to secure emergency financing.

  • Bush Optimistic Economy Will Regain Strength Friday, 14 Mar 2008 | 11:49 AM ET
    President Bush, right, makes remarks during the re-dedication ceremony of the Islamic Center of Washington in Washington, Wednesday, June 27, 2007. Center Director Dr. Abdullah Khouj is at left. (AP Photo/Gerald Herbert)

    President Bush, on a drive to bolster faith in the U.S. economy amid fears of a recession, said Friday the economy was resilient and would regain its strength despite the hard times.

  • Automaker Winners In A Down Market Friday, 14 Mar 2008 | 11:10 AM ET
    2008 Mazda CX-7

    As we watch GM and Ford shares approach lows we haven't seen since the days when Michael Jackson's "Thriller" was topping the charts, and while mighty Toyota ponders cutting truck production in the U.S., I decided Friday deserves some lovin'.

  • US Faces Severe Recession, Feldstein Says Friday, 14 Mar 2008 | 10:37 AM ET

    The United States has entered a recession that could be "substantially more severe" than recent ones, former National Bureau of Economic Research President Martin Feldstein said Friday.

  • Consumer Prices Moderate on Lower Energy Costs Friday, 14 Mar 2008 | 9:54 AM ET

    Cheaper energy and transportation prices helped keep overall consumer prices in check, the Labor Department said, a surprise after a run-up that heightened concerns about inflation.

  • Euro Zone Feb Inflation Hits Record High 3.3% Friday, 14 Mar 2008 | 7:06 AM ET

    Euro zone inflation hit a new record high of 3.3 percent in February, the European Union's statistics office said, with soaring oil prices taking their toll despite the cushion of a strong euro.

  • Asian Markets End Mixed on Credit Uncertainty Friday, 14 Mar 2008 | 6:23 AM ET
    Investors study shares prices during the morning trading at RHB private stock market gallery in Kuala Lumpur, Friday, Feb.3, 2006. Malaysia's key stock index rose Friday to a 15-week high as foreign funds plowed into key bluechips after a long holiday. The Composite Index of 100 blue chip stocks ended at 927.85 points, up 13.84 points or 1.5 percent from last Friday's close. (AP Photo) **MALAYSIA OUT**

    Asian stocks ended mixed Friday as investors were uncertain about whether the worst was indeed over for credit markets. Japan shed 1.5 percent but Australia managed to hang on to gains closing 1.4 percent higher.

  • China Investment Slows a Bit, Momentum Still Solid Friday, 14 Mar 2008 | 1:04 AM ET
    Cranes stand on a construction site in front of newly completed apartment buildings in Beijing.

    China's capital spending on assets such as flats and factories eased at the start of the year, providing more evidence of a modest slowdown in the world's fourth-largest economy.

  • Mortgage Bailout Plan Gains Traction in Congress Thursday, 13 Mar 2008 | 4:32 PM ET

    A mortgage bailout plan hatched between Wall Street and Congress is gaining political traction even though it could be on a crash-course with the Bush administration.

  • S&P Sees End to Subprime Mortgage Writedowns Thursday, 13 Mar 2008 | 4:24 PM ET

    Subprime mortgage write-downs could reach $285 billion, but an end to the write-downs is  in sight for big financial firms, S&P said.

  • Oil Pulls Back From Fresh Peak of $111 Thursday, 13 Mar 2008 | 3:24 PM ET

    Oil prices jumped to a record $111 a barrel Thursday, extending a rally that has added nearly 30 percent to prices in just over a month, amid all-time weakness in the dollar.

  • Private Equity Explores Oilfield Services Sector Thursday, 13 Mar 2008 | 1:17 PM ET

    Private equity firms are busy sizing up potential acquisitions in the oilfield services sector, even as many assumed the global credit crunch would knock some out of play.

  • Dollar Falls Below 100 Yen, Hits Record Low vs. Euro Thursday, 13 Mar 2008 | 12:35 PM ET

    The dollar plunged below 100 yen Thursday for the first time in more than a decade and hit a record low against the euro as worries deepened on Wall Street that the United States had entered a recession.

  • Consumers Retrench, Labor Market Weakens Thursday, 13 Mar 2008 | 12:00 PM ET
    Grove shopping center in Los Angeles

    U.S. consumers cut spending in February and the labor market continued to weaken, suggesting the household-spending pillar that had supported the economy's expansion may be giving way.

  • What Subprime Crisis? Thursday, 13 Mar 2008 | 10:25 AM ET

    We've interviewed a dozen property investors at this year's MIPIM and I can't help wondering if we're really getting the full story.

  • Asian Stocks Sink on Carlyle Default Thursday, 13 Mar 2008 | 6:29 AM ET

    Asian markets sank Thursday with investors spooked by news that Netherlands-listed fund Carlyle Capital, expects its lenders to seize its assets and cause its likely liquidation. Carlyle Capital is an affiliate of private equity firm Carlyle Group.

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