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  • Pros Say: Time to Buy and Hold Thursday, 30 Apr 2009 | 8:07 AM ET

    Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.

  • Web Extra: The 3 Credit Cards You Need Wednesday, 29 Apr 2009 | 4:33 PM ET

    NOT SEEN ON T.V.: Depending on what you use them for, John Ulzheimer has the three cards that should be in your wallet.

  • Pros Say: Recovery Will Be 'Unbelievably Puny' (UPDATED) Wednesday, 29 Apr 2009 | 2:30 PM ET

    The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter reflecting continuing economic woes. In the meantime, President Obama marks his 100th day in office while analysts anxiously await the latest from the FOMC's interest rate decision due this afternoon. (UPDATED with the Fed decision, below). Read and listen to what experts had to say...

  • Text: FOMC Statement Wednesday, 29 Apr 2009 | 2:20 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the statement released by the Federal Open Market Committee after its Apr. 28-29 meeting on interest rate policy:

  • Bankruptcy Mortgage Bill to Be Introduced in Senate Wednesday, 29 Apr 2009 | 2:13 PM ET

    Senate Majority Whip Richard Durbin (D-Illinois) Thursday will take  so-called bankruptcy cramdown legislation to the floor, seeking a vote on the controversial proposal, say Congressional and industry sources.

  • Obama’s Housing Rescue: Second Lien Plan Wednesday, 29 Apr 2009 | 11:59 AM ET
    Barack Obama

    Yesterday the Treasury Department announced another element to the Home Affordable Modification Program (one part of the Making Home Affordable Program). It addresses what has been a big impediment to loan modifications so far, that is, second liens. Of the $12 trillion mortgage market, about $1 trillion are second liens (often called “piggyback loans”). According to the NY Times, 70 percent of those are held by banks.

  • GDP Down 6.1%, Reflecting Continuing Economic Woes Wednesday, 29 Apr 2009 | 9:29 AM ET

    The  economy contracted at a steeper-than-expected pace in the first quarter, weighed down by sharp declines in exports and business inventories.

  • Pros Say: Hold Your Horses, Banks Not Healthy Yet Wednesday, 29 Apr 2009 | 5:00 AM ET

    Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.

  • S.Korea's March Current Account Surplus at Record High Tuesday, 28 Apr 2009 | 8:37 PM ET
    Korea, Korean Flag

    South Korea posted a record current account surplus for March as exports rose for a second consecutive month, central bank data showed on Wednesday, cementing hopes the worst for the economy is over.

  • Consumers hoping that the worst of the recession is over may be setting themselves up for disappointment, a panel of economists said Tuesday.

  • Fed Weighs Steps to Brace Economy Against Swine Flu Tuesday, 28 Apr 2009 | 10:32 AM ET
    Federal Reserve

    Federal Reserve policymakers are weighing whether additional steps are needed to brace the economy as an outbreak of the swine flu has emerged as a potential new danger that could aggravate the recession.

  • Pros Say: Don't Bank on Cash; Shed Gold Tuesday, 28 Apr 2009 | 8:38 AM ET

    It may be the safe-haven choice of the financial crisis, but experts tell CNBC that cash will underperform over the next 10 years.

  • South Korea April Consumer Sentiment at 1-Year High Monday, 27 Apr 2009 | 9:42 PM ET
    Korea, Korean Flag

    South Korea's economy averted a recession in the first quarter thanks to pump-priming and rate cuts, the central bank said on Friday, supporting market bets that interest rates had troughed.

  • “One thing he excels at is setting realistic expectations with his audiences,” says one crisis management consultant. “He’s been careful not to over-promise.”

  • Web Extra: Shopping For a New Credit Card Monday, 27 Apr 2009 | 3:26 PM ET

    NOT SEEN ON T.V.: Sick of dealing with lowered limits and higher rates? One way to combat the credit industry's tactics is to go small, says John Ulzheimer.

  • Diary Of A Short Sale, A Happy Ending Monday, 27 Apr 2009 | 11:26 AM ET
    Short sale home

    Today I continue to follow my colleague's journey through a short sale. She started her journey on Friday.... This experience has been a nightmare for my colleague so far, dealing with the bank and the owners.

  • The author of the Credit Cardholder Bill of Rights tells us how the legislation will help, despite what the credit card industry has to say about it.

  • US Economy Needs Interest Rate of Minus 5%: Report Monday, 27 Apr 2009 | 6:14 AM ET

    An ideal interest rate to help the US economy to cope with the recession would be a negative 5 percent, the Financial Times reported on its Web site, quoting an internal Federal Reserve analysis.

  • Pros Say: Stocks Are Still Good Long-Term Bet Monday, 27 Apr 2009 | 5:06 AM ET

    Global stocks were down Monday, after enjoying 7 weeks of gains, as concerns of the outbreak of swine flu spooked investors. But experts tell CNBC that stocks are still a good long-term bet.

  • Bernanke's Speech on Housing and Foreclosures Sunday, 26 Apr 2009 | 5:10 PM ET
    Federal Reserve Chairman Ben Bernanke

    The following is the full text of U.S. Federal Reserve Chairman Ben Bernanke's "Housing, Mortgage Markets and Foreclosures" speech issued in Washington Thursday and delivered before before the Fed conference on Housing and Mortgage Markets: