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  • Oil: Is The Price On A Downward Trend? Friday, 18 Jan 2008 | 2:13 PM ET

    If you're worried about losing your job, being able to afford your mortgage or paying your heating bill, you're likely to ease up on the money you spend on energy--whether its filling up the gas tank less often or putting on more sweaters in your house.

  • Why are the markets yawning even though the President has announced a stimulus package? The reason is that 1) The extent of the consumer slowdown is uncertain, and 2) The extent of the global slowdown is uncertain.

  • Dollar Gains vs. Yen on Stocks, US Consumer Sentiment Friday, 18 Jan 2008 | 10:23 AM ET

    The dollar gained against the euro and yen Friday as rising equity markets calmed investors, prompting a few to edge back into relatively risky carry trades.

  • Rate Cuts Are "Quite Possible": Fed's Lacker Friday, 18 Jan 2008 | 10:07 AM ET

    Weaker U.S. growth means that more interest rate cuts are "quite possible" but inflation is also still a risk, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday.

  • Consumers Cheered Up a Bit in Early January Friday, 18 Jan 2008 | 10:05 AM ET

    U.S. consumers' mood brightened a bit in January, defying expectations driven by the constant drumbeat of talk about a possible recession, weak jobs market and falling stock prices.

  • So for bulls and bears it's a tough call either way: 1) How much do you believe the U.S. consumer is slowing down, and 2) How much ancillary slowdown will the global economy see. Bears say consumer slowdown has just begun, and global slowdown is just starting, with the U.K. already slowing.

  • Why French Workers Prefer to Get Fired Friday, 18 Jan 2008 | 8:51 AM ET

    French President Nicolas Sarkozy wants to change the law to allow workers who quit their jobs to receive unemployment benefits, as many French workers go to great lengths to get fired if they want to search for a new job.

  • Oil Rises Towards $91 after Dip on Economy Concern Friday, 18 Jan 2008 | 8:43 AM ET
    Oil Pump

    Oil rose almost $1 to above $90 a barrel on Friday, staging a limited recovery after falling sharply this week on concern the United States would slip into recession and erode demand in the world's top consumer.

  • Asian Markets Close Higher, Recession Fears Remain Friday, 18 Jan 2008 | 5:29 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Most Asian markets managed to bounce back and close higher Friday, except for India's Sensex index which closed down by more than 3 percent.

  • Stimulus Plan, Rate Cuts May Be Too Little, Too Late Thursday, 17 Jan 2008 | 4:32 PM ET
    NYSE Traders

    Wall Street is sending a clear message to Washington: an economic stimulus plan and Fed  rate cuts are too little, too late.

  • GM's Good News May Not Be Enough For A "Stuck Stock" Thursday, 17 Jan 2008 | 2:50 PM ET
    GM logo, General Motors logo

    This afternoon, GM investors got the kind of good news they've been craving for several months. Talking with analysts in Dearborn, Michigan, GM's Chairman and CEO Rick Wagoner said the company plans to save an additional $5 billion by 2011.

  • Oil Falls to $90 on Recession Fears Thursday, 17 Jan 2008 | 1:34 PM ET
    Oil Barrels

    Oil fell toward $90 on Thursday, adding to losses of more than $3 in the past two days, on fears the U.S. economy will slip into a recession and hurt demand from the world's largest energy consumer.

  • EU Finance Ministers Urge for Transparency Thursday, 17 Jan 2008 | 1:03 PM ET

    Finance ministers from Europe's top four economies called on Thursday for greater market transparency, full disclosure of losses and better coordination among supervisory bodies in response to the global credit crunch.

  • Dollar Declines; Fed's Bernanke Points to Easing Thursday, 17 Jan 2008 | 11:57 AM ET
    Dollars and Euro

    The dollar dropped Thursday after Federal Reserve Chairman Ben Bernanke told a congressional committee that more interest rate cuts may be necessary and that the U.S. economic outlook has worsened.

  • Bernanke Backs Tax Cuts, Economic Stimulus Plan Thursday, 17 Jan 2008 | 11:16 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Chairman Bernanke told lawmakers that extending tax cuts put in place during the Bush administration could have a positive long-term effect on the economy.

  • These Airline Stocks Will Take Off Thursday, 17 Jan 2008 | 11:06 AM ET

    Jamie Baker thinks airline stocks are ready to take off.  "We do see significant potential upside from here," the JP Morgan senior airline analyst told CNBC. He offered investors his top stock picks.

  • Fed Chief Likely to Remain Stingy With Rate Cuts Thursday, 17 Jan 2008 | 10:10 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Most analysts say Fed Chairman Bernanke will move cautiously even if the Fed cuts interest rates by half a percentage point at its Jan. 29-30 meeting, as many now expect.

  • Housing Starts Skid, But Jobless Claims Ease Thursday, 17 Jan 2008 | 10:06 AM ET

    U.S. home building projects started in December fell by 14.2 percent to the lowest pace inmore than 16 years, but jobless claims fell unexpectedly last week.

  • Fed, Gov't Officials Warn of Economic Slowdown Thursday, 17 Jan 2008 | 9:21 AM ET

    A Federal Reserve official and a state secretary warned Thursday the slowdown in the U.S. economy was quickening, because of weak housing prices, falling stock prices and rising energy costs.

  • Europe's "Big 4" Confer on Credit Crunch Response Thursday, 17 Jan 2008 | 8:16 AM ET

    Five months on, finance ministers from Europe's four largest economies headed to Paris on Thursday to discuss an international response to the credit crunch that struck last August and continues to plague the global economy.

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