Wouldn't it be nice if, just for once, Obama defended American business instead of attacking it?, asks Larry Kudlow.» Read More
The last week of 2008 began in the green for commodities as oil and gold prices surged following a flare up in violence in the Middle East.
The big questions for the coming year are how long and deep will the recession be and how it will compare to those of the past.
The strategies that help us manage holiday shopping also help us achieve our goals for the new year. Make a gift list prior to shopping. Spend only what you can afford.
As the credit crisis grips Wall Street, the Fast Money traders see opportunity amid the rubble.
Monday's market is still feeling last week's pain, as lowered earnings outlooks add to the downward pressure from big bank downgrades. And forensic analysts continue to sift through the alleged Bernie Madoff fraud, asking: Can investors get anything back? But CNBC heard from experts who are anticipating an annual Santa Claus rally — and think it's crucial to buy oil stocks and other selected equities now.
On Friday, the auto bailout was announced: General Motors and Chrysler will get up to $17.4 billion in short-term loans from the U.S. in return for deep concessions. Treasury boss Hank Paulson reversed himself, asking for the second half of the TARP fund. Who gets bailed out next — and where does it end? Strategists told CNBC the bailout is going to make things worse; but one airline CEO sees a healthy Darwinian process.
The US government could be entering a bottomless pit of bailouts if it starts propping up failing companies outside the financial sector—including the struggling auto industry, economists say.
Thursday: U.S. jobless claims eased from a 26-year peak but still showed weakness in the economy. After the Federal Reserve's moves this week, homeowners are scrambling to refinance; the dollar is sliding against the euro. And the second half of the $700 billion TARP bailout fund looks likely to go toward foreclosure relief and economic stimulus. CNBC heard from experts who say crude oil prices are finally correct — and oil, stocks and gold are going to soar.
The best move you can make when and if you're let go may not be intuitive: geting and maintaining health insurance.
Think the social networking site is just about posting party pics? Think again. It could be the link to your next job.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
Now that Fed Chairman Bernanke has answered how low he would take interest rates, he needs to explain what's next.
With older Americans delaying their retirements, my generation is getting shut out of the workforce according to a gut-wrenching piece in this weekend's New York Times. There are fewer jobs to go around, and we've got the least experience.
It's a dream for many and a reality for more everyday. Here's your guide for making sure you do it right.
GM’s failure points are extensive, but nothing is more glaring than its resolute myopia. Throughout its history, GM anointed itself the final arbiter of customer needs and wants.
Some of the bad news Tuesday was "less worse" than many feared: Goldman Sachs reported its first quarterly loss since going public — but the $2.1 billion loss was much narrower than many had feared and Goldman shares rose as much as 11 percent. Stocks soared on the Federal Reserve rate-cut decision and options trading looks bullish on Boeing. CNBC heard from experts who predict a massive OPEC cut and more Fed moves to come.
Drugmaker Bristol-Myers Squibb said Tuesday it will eliminate another 10 percent of its work force through 2010 as it works to pare costs before it loses patent protection on key drugs.
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
Below is the statement released by the Federal Open Market Committee after its Dec. 15-16 meeting on interest rate policy:
With the Fed's key rate dropping closer to zero, the central bank is moving into uncharted territory. Still, Fed Chairman Bernanke has made it clear the Fed isn't running out of ammunition yet.