CNBC's Tyler Mathisen looks back at the week's top business and financial stories. A shortened trading week, this week, as Easter is on Sunday. The week ended positive after Janet Yellen reassured investors. Low rates could be around another two years, she said.» Read More
The British economy stood still in the second quarter of 2008 and the current account gap widened to its highest level in nearly a year, official data showed on Tuesday.
Tuesday promises more treachery for investors as they navigate markets held captive by politicians and the promise of a rapidly faltering economy.
It was bailout or bust for the markets , but now that Congress has reached agreement on the $700 billion package the focus will shift to the weak economy.
The state of the financial markets' bailout and the credit crunch are dual concerns for investors in the week ahead.
In all the talk of all the differing bailout plans, one little mantra of all the lawmakers as well as the regulators and the President is, "Of course we won't bail out the speculators, those who made money investing in homes and then flipping them for a profit."
Wall Street's wild ride promises to continue as Congress wrangles over details of a financial markets bailout, and investors assess the government-brokered deal for Washington Mutual.
Now, with a deal on the financial bailout expected soon, let's get back to the real economy—and the recession already in progress.
It could make a nice return for the government in the long run and would put jobs back into one of America’s manufacturing sectors, not to mention pump a bit of stock price back into the public builders
The number of workers filing new claims for jobless benefits jumped 32,000 last week,while new orders for durable goods dropped by a sharper-than-expected 4.5 percent in August.
It's never pretty on Wall Street when the action in Washington rules the markets. That's certainly been the case this week, while Congress wrestles with the merit and shape of the $700 billion financial markets rescue package, proposed by Treasury Secretary Hank Paulson
The Treasury’s bailout plan for Wall Street will also benefit Main Street, Bill Gross, founder and chief investment officer of investment management firm Pimco, told CNBC Wednesday.
I am more convinced than ever today that the housing recession is fueled by a lack of confidence, and I am also more convinced than ever that restoring confidence in housing is going to take a lot more than just shoveling money at the banking industry.
Warren Buffett is driving the latest ambulance to show up on Wall Street, and his first aid may in fact give a boost of confidence to the market and Washington's rescue process.
In the debate over homeowner aid in the Wall Street bailout, both sides appear to have forgotten that Congress approved a $300 billion mortgage rescue in July.
As the credit crunch deepens, it's putting more private student loan companies out of business and leaving fewer students able to qualify.
I’m wondering exactly what’s going to precipitate that recovery? In order to answer that question I think you have to look at what’s currently wrong with housing, not what caused the housing recession or how far all the numbers have fallen.
The Federal Reserve, which has encouraged excessive borrowing, is to blame for the credit crunch that has gripped world markets for more than a year, Marc Faber, the author of the Gloom Boom & Doom Report, told CNBC on Tuesday.
The scorching volatility ripping through financial markets is not likely to let up while details of the government's rescue plan are being worked out.
I've been barraged by phone calls and emails all day from community activists screaming that troubled borrowers should be bailed out before any Wall Street bailout.
“The Wall Street mess will now have collateral damage to the real economy,” says Steve Hanke, a former White House economist. “We're coming into this thing in a terrible situation.”