CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it, the New York Times reports.
"The V-shaped recovery just got a badly needed shot in the arm today as the consumer is back in the game in a big way," said economist Chris Rupkey.
So I told you all last Friday about the Wells Fargo Exec hanging out and partying down in a fancy foreclosure. Today I heard back from Wells and.... sounds like there is in fact some justice left in today's housing market.
Even if Lehman Brothers were saved last September, another financial institution would have failed and set off the same global economic crisis that has plagued international markets for the last year, the European Central Bank President told CNBC.
The bulging US government debt can turn into an investment opportunity, legendary investor Jim Rogers, chairman of Rogers Holdings, told CNBC Monday.
The worst of the economic crisis is not over and a currency crisis can happen this year or the next year, because the problem of too much debt in the system has not been solved, legendary investor Jim Rogers told CNBC Monday.
The Federal Reserve and the Treasury Department should have let 10 banks fail, not just Lehman Brothers, for the financial system to clean itself up, legendary investor Jim Rogers told CNBC Monday.
Abolish the Federal Reserve and let AIG go bankrupt for the world economy to emerge cleaner from the financial meltdown, legendary investor Jim Rogers told CNBC a year ago. A year after Lehman Brothers collapsed, here is what Jim Rogers tells CNBC:
The Federal Reserve must guard against excessive behavior in the financial industry to avoid another financial crisis, Stephen Roach, chairman of Morgan Stanley Asia, said Monday.
A year after the collapse of Lehman Brothers, one thing is clear: banks' ability to make quick money will take a hit, as shell-shocked regulators impose tighter rules on them.
A story is circulating in the LA media today about a Wells Fargo executive, Cheronda Guyton, who allegedly moved into a foreclosed property being held by the bank and threw lavish parties there...What is this, Risky Business 2?
Failure to address the underlying weaknesses in the banking system and some shortcomings in the package of regulatory reforms for the financial sector could result in a crisis relapse in the next few years.
One year after Lehman Brothers’ failure, former employees remain haunted and confounded by the event. “It wasn't Lehman's employees who failed; it was the leadership,” says one ex- senior manager.
Treasury Secretary Timothy Geithner offered a spirited defense of the government's efforts to forestall another Great Depression but cautioned that the recovery would be slow and painful.
I was fighting traffic on my way in to work today, when I heard a headline on the radio, something to the effect of, "Good news on the housing front! Foreclosures are moderating, potentially signaling an end to the housing crisis." This is why people don't trust the news. Headlines.
The Bank of England is expected to hold interest rates at record lows and continue with its program to boost the money supply on Thursday despite growing signs of an economic recovery.
The House passed it, the Senate defeated it, but you had to know the idea of bankruptcy judges getting into the business of mortgage modifications would not go gently into that good night. Today the Treasury Department released its latest progress report for the Home Affordable Modification Program (a.k.a. the housing bailout).
Experts predict a steady drumbeat of defaults over much of the next decade as interest-only loans mature. Auctioned off at low prices, those foreclosed houses could help brake any revival in home prices.
China will continue to grow as the crisis has forced it to shift from an export-led economy to one which bases its development on domestic consumption, Jim O'Neill, head of global economic research at Goldman Sachs, told CNBC Wednesday.
The dollar will continue to drift but it doesn't face the risk of a free-fall, while healthcare stocks will rebound once the dispute over healthcare reform is settled, Robert Doll, BlackRock vice-chairman, told CNBC Wednesday.