Turkey's lira fell to its weakest level in five weeks on Wednesday after protests broke out across the country.» Read More
Bush administration officials Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
A surprise drop in U.S. jobs could scare consumers into shutting their wallets during the key holiday shopping season.
European stocks tumbled Friday following weaker-than-expected U.S. jobs data and renewed fears of a recession in the world's biggest economy.
Inventories on U.S. wholesalers' shelves rose by a smaller-than-expected 0.2 percent in July, as auto and electrical goods inventories declined, the weakest inventory rise since a December decline, a Commerce Department report showed on Friday.
International Monetary Fund Managing Director Rodrigo Rato said on Friday he expected a downward revision of IMF world growth estimates for 2007 and 2008 because of global credit turmoil.
Euro-zone interest rates have further to rise, European Central Bank Governing Council member Axel Weber said on Friday, although other policymakers stressed no move is imminent given uncertainty over the credit crunch.
Alan Greenspan, once the world's top central banker, said ongoing credit turmoil reminded him of the 1987 and 1998 market crises.
Fred Thompson's rivals don't intend to let him hold the spotlight if they can help it. You can see that in Mitt Romney's release of new tax-cut details this week. Romney has said for months that he aimed to cut the capital gains tax for middle class investors to zero.
President George W. Bush prepared for an Asia-Pacific summit in Australia, saying on Friday the United States would consider a peace treaty with North Korea if it gave up nuclear arms.
The eurozone finance ministers' chairman said on Friday French President Nicolas Sarkozy was neither noble nor correct to claim some of the credit for the European Central Bank's decision to keep interest rates on hold.
It was a mixed end to the Asian trading week. Japan's Nikkei 225 Index closed lower as investors took profit from the previous session's gains. But traders mainly took a wait-and-see approach ahead of a key U.S. jobs report due Friday.
Zurich Financial Services has enjoyed a positive performance in its bond portfolio in the past two months with no surprises from its subprime exposure, Chief Executive James Schiro said on Friday.
Dallas Federal Reserve President Richard Fisher said on Thursday that there is still a lot of analysis ahead before the next Fed decision on interest rates.
In recent days the excitement of Fred Thompson's campaign team has been mixed with this nagging fear: that expectations for Thompson's performance upon entering the GOP presidential race might prove too high to meet. Today's kickoff event showed why.
The markets are expecting a rate cut. The Federal Reserve is reluctant to give them one. Add to the mix some surprisingly good economic news. What've you got? A lot of confusion.
The troubled U.S. housing market has not clearly hurt the wider economy and the Federal Reserve must beware of possible repercussions if it acts to calm market turmoil, one of its top policy-makers said on Thursday.
Most homeowners probably don't know what it is--or even how to pronounce it. But the London Interbank Offered Rate, or Libor, is having a noticeable impact on adjustable rate mortgages.
Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ultimately slow economic growth, Federal Reserve Governor Randall Kroszner said Thursday.
Turbulence buffeting global financial markets risks tipping economies into recession but policy makers must avoid overreacting to it for fear of making the situation worse, St. Louis Federal Reserve Bank President William Poole said on Thursday.
Introducing Morning Squawk: CNBC's before the bell news roundup
Sign up to receive Morning Squawk in your inbox each weekday › Sample