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World Economy

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  • Heard In Davos: Nailing the Problem of A U.S. Recession Wednesday, 23 Jan 2008 | 7:22 AM ET

    Economic slowdown and market disruption is the talk of Davos, in official forums, on camera and informal chats in halls and shuttle vans. Other issues like the environment and health are taking a back seat.

  • Guess What? Central Bankers Get it Wrong too… Wednesday, 23 Jan 2008 | 6:04 AM ET

    Ok, now we've got that emergency rate cut from the Fed AND the full 75 bp the markets wanted...

  • Asia Rebounds After US Rate Cut Wednesday, 23 Jan 2008 | 5:09 AM ET
    A stockbroker watches his terminal during trading in Bombay, India, Thursday, May 18, 2006. Indian shares plunged Thursday, with the benchmark stock index tumbling 6.8 percent, or more than 800 points, its biggest point drop ever, largely on fears of higher taxes on foreign funds that invest in Indian stocks. (AP Photo/Rajesh Nirgude)

    Asian shares rallied on Wednesday after the U.S. Federal Reserve's biggest interest rate cut in over two decades, but nagging fears of a U.S. recession prompted many indexes to give up much of their early gains.

  • Euro Zone Services Growth Points to Weakness Wednesday, 23 Jan 2008 | 4:44 AM ET

    Euro zone services growth slumped significantly below forecasts to a rate not seen in over four years this month, but manufacturing growth remained unchanged from December, a key survey showed on Wednesday.

  • Seoul May Trigger Pension Fund Investment Plan Tuesday, 22 Jan 2008 | 9:51 PM ET

    South Korea issued fresh assurances on Wednesday that it would take swift measures should the local financial system face a credit squeeze, but said the economy remained healthy despite global market turbulence.

  • Australia Inflation Jumps, Sounds Rate Alarm Tuesday, 22 Jan 2008 | 9:06 PM ET

    Australia's core inflation rate accelerated to its fastest pace in 16 years last quarter, adding greatly to the domestic case for a rise in interest rates even as turmoil in global markets seemed to argue against one.

  • Emergency Fed Rate Cut Bruises Dollar vs Euro Tuesday, 22 Jan 2008 | 4:32 PM ET
    Dollar and Euro

    The dollar tumbled against the euro Tuesday after the Federal Reserve unexpectedly slashed its benchmark overnight lending rate in an attempt to allay market fears of a U.S. recession.

  • Bush Says He's Optimistic About Stimulus Plan Tuesday, 22 Jan 2008 | 4:23 PM ET
    President Bush ocomments on the US Economy from the White House, with Vice President Dick Cheney, left, and Treasury Secretary Henry Paulson, right.

    President Bush said he is confident that Congress and the administration will be able to approve a stimulus package to jump-start the economy and calm fears of recession that have shaken financial markets worldwide.

  • Recession Worries Persist Despite Surprise Rate Cut Tuesday, 22 Jan 2008 | 4:18 PM ET
    A container ship from Korea sits at a loading dock at Seattle's Harbor Island near downtown, Thursday, May 11, 2006. The U.S. trade deficit unexpectedly declined in March for a second consecutive month, something that hasn't happened in more than two years. The improvement reflected record U.S. exports and a big drop in the country's foreign oil bill. (AP Photo/Elaine Thompson)

    There is no quick cure for what ails the U.S. economy, but if the Fed's surprise rate cut instills confidence, it may speed a recovery.

  • Markets: The "End Of The Beginning" For A Bottom? Tuesday, 22 Jan 2008 | 4:07 PM ET

    This was a big day. The Dow rallied more than 300 points off its initial lows; we essentially moved sideways since one hour after the open. What does it mean? The most important development is we have broken the "sell on the rally" mentality;

  • Fed's Rate Cut May Speed Recovery by U.S. Economy Tuesday, 22 Jan 2008 | 3:55 PM ET
    Manufacturing Cars

    There is no quick cure for what ails the U.S. economy, but if the Fed's surprise rate cut instills confidence, it may speed a recovery.

  • Why the European Bank Is Sitting Back Tuesday, 22 Jan 2008 | 2:28 PM ET

    The turmoil in the mortgage markets has incited a wave of legal tangles, as homeowners are suing lenders, lenders are suing banks, banks are suing loan specialists. And investors are suing everyone.

  • Vote: Global Recession? Tuesday, 22 Jan 2008 | 1:58 PM ET

    Fears of a U.S. recession are nothing new, but is the slowdown spreading overseas? Tell us what you think.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Oil Pares Losses After Emergency U.S. Rate Cut Tuesday, 22 Jan 2008 | 1:50 PM ET
    Oil Refinery

    Oil fell a dollar Tuesday amid intensifying worry over the health of the U.S. economy, but traders cut the market's losses after the Federal Reserve slashed interest rates by 75 basis points in a surprise move aimed at averting recession.

  • Fed's Surprise Rate Cut Draws Mixed Response Tuesday, 22 Jan 2008 | 1:32 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    The Fed's emergency rate cut drew a mixed response on Wall Street, though the move increased the odds of more reductions.

  • Oil Still Has Worries: Slowdown In Demand Tuesday, 22 Jan 2008 | 12:40 PM ET

    It’s easy to see why oil prices saw a dramatic plunge to nearly $86 a barrel overnight as equities slumped around the globe. A major player was absent and that’s why traders here at the NYMEX say the reaction in the oil market, with the U.S. market closed yesterday for the Martin Luther King Jr. holiday, may have been overdone.

  • Looking for Meaning in the Davos Theme Tuesday, 22 Jan 2008 | 11:50 AM ET

    The World Economic Forum's annual meeting always has a grand theme, but last year's topic of a shifting power equation could serve just as well this year as China's representation increases. Now the question is whether the U.S. still calls the tune when it comes to economic direction.

  • CNBC.com Live Poll: Fed Rate Cut Tuesday, 22 Jan 2008 | 11:15 AM ET

    The Fed slashed U.S. interest rates by three-quarters of a point, the biggest rate cut in more than 23 years, in an emergency bid to support the U.S. economy.

  • Tools to Help You Navigate the Market Tuesday, 22 Jan 2008 | 11:02 AM ET

    1st paragraph of story should go here

  • Ford

    Give the guys at the blue oval credit. Their new model and new technology push is getting the attention of younger buyers. I'm not ready to say Ford's line-up is packed with models the youngsters want, but there's definitely momentum building.

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