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  • That $300 Billion Hope For Homeowners Isn’t Working Thursday, 13 Nov 2008 | 2:51 PM ET
    Homes

    I’ve just seen the latest numbers on the recently launched government Hope for Homeowners program, and I’d call them laughable if the whole thing weren’t so blatantly sad. Hope for Homeowners was launched Oct. 1 as part of the Housing and Economic Recovery Act signed into law on July 30,2008.

  • Market Pros: No Apocalypse Now...But Soon Thursday, 13 Nov 2008 | 1:14 PM ET

    New jobless claims hit a 7-year high Thursday; and even strong companies look weaker in the future. But some strategists see hopeful market signs amid the chaos. CNBC canvassed economic and financial experts for their insights.

  • Market Pros: Stick With U.S. Equities Wednesday, 12 Nov 2008 | 3:29 PM ET

    Treasury Secretary Henry Paulson on Wednesday said he'd direct the $700 billion bailout fund toward uses like consumer debt — and away from dicey mortgage assets. Solid news for some; more uncertainty for others. CNBC's expert guests weighed on the markets and the global economy.

  • Barney Frank

    So here I am on Capitol Hill covering a hearing at the House Financial Services Committee (starring Chairman Barney Frank D-MA), entitled Private Sector Cooperation with Mortgage Modifications—Ensuring That Investors, Servicers, and Lenders Provide Real Help for Troubled Homeowners.

  • Dollar Edges Higher on Global Economic Worries Tuesday, 11 Nov 2008 | 3:21 PM ET
    Dollar and Euro

    The U.S. dollar rallied to a two-week high against a basket of currencies Tuesday as worries about a deteriorating global economy prompted investors to shun riskier assets and flock to the safety of the greenback.

  • foreclosed_citibank.jpg

    I’m all about the help, but I have some issues (I always have some issues). Citi is targeting borrowers who are not yet delinquent but who could become delinquent due to any number of issues, like loan resets, loss of jobs or home price depreciation.

  • Euro Zone Already in 'Serious Recession': BofA Tuesday, 11 Nov 2008 | 6:02 AM ET

    The group of euro-member countries fell into "a serious recession in September" and economic contraction will continue through next year, pushing interest rates sharply lower, Bank of America said in a research note Tuesday.

  • China's October Inflation Eases to 4% Monday, 10 Nov 2008 | 10:09 PM ET

    China's inflation rate fell further in October, easing pressure on Beijing to contain price rises as it launches a massive stimulus package to boost slowing growth.

  • Japan's Current Account Surplus Dives 48.8% Monday, 10 Nov 2008 | 10:00 PM ET
    Japanese Flag

    Japan's current account surplus in September plunged 48.8 percent from a year earlier as import growth far outpaced export growth in the face of a global slowdown, the Finance Ministry said Tuesday.

  • fannie_mae_logo.jpg

    Nothing like starting off a new week with a $29 billion net loss for the nation’s largest mortgage investor. Fannie Mae is currently under government guard, with the conservatorship instituted in September, but it still apparently can’t keep its balance sheet from joining the ranks of other massive mortgage meltdowns that seem to be par for today’s course.

  • US Dollar Falls vs. Euro After China Stimulus Plan Monday, 10 Nov 2008 | 2:02 PM ET
    hundred_dollar_blur.jpg

    The U.S. dollar fell against the euro Monday as news of a large economic stimulus package from China made traders more willing to take on risk.

  • Stock Market To Fall Another 20%-25%: Roubini Monday, 10 Nov 2008 | 9:48 AM ET

    The economy will worsen in the coming months and cause the market to fall another 20 to 25 percent in the United States and abroad, said Nouriel Roubini, a New York University business professor, on CNBC’s “Squawk Box” on Monday.

  • Fed's Statement On Restructured AIG Financial Aid Monday, 10 Nov 2008 | 8:37 AM ET

    The Federal Reserve Board and the U.S. Treasury on Monday announced the restructuring of the government's financial support to the American International Group (AIG) in order to keep the company strong and facilitate its ability to complete its restructuring process successfully.

  • China Wholesale Inflation Slides, Rate Cut Looms Sunday, 9 Nov 2008 | 10:38 PM ET
    China, Chinese Flag

    China's wholesale price inflation tumbled in October, clearing the way for the central bank to cut rates at any time to support a massive stimulus package aimed at shoring up the world's fourth-largest economy.

  • Japan's Third-Quarter Machinery Orders Slump Sunday, 9 Nov 2008 | 8:41 PM ET
    Japanese Flag

    Japan's core machinery orders posted their biggest quarterly fall in a decade in July-September and manufacturers expect only a small rebound in the last quarter of the year, boding ill for capital investment as the economy teeters on the brink of recession.

  • Australia's RBA Cuts Economic Growth Forecasts Sunday, 9 Nov 2008 | 7:52 PM ET
    RBA.jpg

    Australia's central bank lowered its forecasts for economic growth  for the next two years, saying it would be reviewing interest rates in the months ahead with the aim of  avoiding an even sharper slowdown in domestic demand.

  • G20 Sees More Action, China Moves to Boost Economy Sunday, 9 Nov 2008 | 6:40 PM ET
    global_economy2.jpg

    China launched a huge stimulus plan worth nearly $600 billion, kicking off what could be a round of big spending or interest rate cuts by leading economies to stave off a recession in many countries.

  • Mortgage

    President-elect Obama is meeting with economic advisors today, and you have to believe that the housing crisis will be pretty high on the agenda.

  • Mohamed El-Erian, co-chief executive officer of Pacific Investment Management Co.

    President-Elect Barrack Obama should attend the upcoming summit of the G20 developing and industrialized countries in Brazil to show that the US has a truly international leader, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.

  • US Economy 'Has Fallen off a Cliff': El-Erian Friday, 7 Nov 2008 | 4:02 AM ET

    The nonfarm payrolls data may be even worse than the consensus estimate, as the U.S. economy is taking further blows from the financial crisis, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.