The Fast Money traders share their final trades of the day.» Read More
Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.
Is the U.S. dollar bottoming? CNBC's Rick Santelli thinks it might be. The dollar has been on a downhill slide against the euro and other currencies for weeks now. As of the end of last week, the dollar lost 7.7% against the euro since the beginning of the year, and it continued to move lower overnight. But it did a reversal this morning, and that makes Santelli think it's time to look at the charts.
Traders expecting a sloppy day, with weakness at the open, but many are anticipating an attempt to stabilize right after that: others insist there is no reason to step in and be a hero on the long side.
The liquidity squeeze which has affected the global financial markets in the past three months is not likely to cause a correction in the UK housing market, Peter Spencer, chief economic advisor for Ernst & Young's Item Club, told CNBC's "Squawk Box Europe" Monday.
The dollar rebounded from a fresh low on Monday after as traders pared back bets against the currency after the weekend's Group of Seven meeting yielded no call to action on the falling greenback.
Worry about slowing economic growth and a new bout of credit fears ignited the global sell off in stocks which continues into the U.S. open. Wall Street was the first market to spiral downward in Friday's big sell off amid worries the U.S. sub prime mess will take longer to sweep away than expected and is fanning out into other types of credits.
Asian markets closed lower Monday, but pared back heavy losses suffered in the morning session and India's Sensex eked out a slight gain. Japan ended 2.2 percent lower while South Korea dropped 3.3 percent.
Australian producer prices rose faster than expected last quarter, led by higher food and construction costs, fueling concerns consumer inflation could accelerate enough to provoke another hike in interest rates.
World Bank President Robert Zoellick on Sunday won support from bank member countries for his strategy to lead the poverty-fighting institution for the next five years, including plans to give the private sector a bigger role in poor countries.
An unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable, former Federal Reserve Chairman Alan Greenspan said Sunday.
The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.
Hedge fund legend Julian Robertson said he expects the U.S. economy is heading for a "doozy of a recession."
Some G7 meetings have come and gone entirely under the radar, but this weekend's meeting of the Group of Seven's (G7) finance ministers is getting lots of attention because of recent market turmoil and the weakening dollar.
Oil edged downward, after surging to a record high above $90 per barrel earlier on Friday. Boone Pickens offered CNBC his insights.
Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
As with Union Pacific, Caterpillar came out with very cautious commentary. Caterpillar's third quarter earnings were slightly below expecations, and they lowered 2007 outlook (down 3% pre-open), but the name of the game is to lower expectations overall.
Do you remember the bug scene in King Kong (the 2005 version) where the heroes get dumped by Kong into the bottom of a ravine filled giant insects? Well, one of those creepy crawlies might just have been a weta.
Asian markets finished red across the board Friday with financial stocks taking the worst of the beating as investors sold bank shares on credit concerns. Japan and South Korea both closed 1.7 percent lower, while Australia finished just shy of 1 percent down.
Britain's economy grew more than expected in the third quarter and at its fastest annual rate in more than three years, official data showed on Friday, suggesting the economy held up well during the credit crunch.
Get the best of CNBC in your inbox