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  • 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.

  • 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

    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

    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

    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.

  • South Korea Cuts Rates For Third Time In a Month Thursday, 6 Nov 2008 | 8:31 PM ET
    Korea, Korean Flag

    South Korea's central bank cut its benchmark interest rate on Friday by a quarter point, as expected, its third cut in a month to try to calm markets and boost the economy in the face of the global financial crisis.

  • Biggest 2 Day Decline Since '87 Thursday, 6 Nov 2008 | 7:41 PM ET

    Stocks sold off on Thursday in their worst two-day slide since October 1987 with disappointing corporate outlooks and bleak sales from major retailers fueling invsetor fears.

  • Dow Drops 10% in Two Days After Election Thursday, 6 Nov 2008 | 5:21 PM ET

    Blue chips logged their biggest two-day decline on record as worries about the economy gripped the market the minute the U.S. presidential election was over.  Weak outlooks from Cisco and Toyota, dismal October retail sales and the prospect of a very grim payrolls number tomorrow fueled the selloff today.

  • Dow Drops Over 400 Amid Economic Worries Thursday, 6 Nov 2008 | 3:20 PM ET

    Stocks continued to slide Thursday as worries about the economy -- and its impact on earnings -- outweighed enthusiasm for big rate cuts in Europe.

  • Stocks Slide as Economic Woes Trump Rate Cuts Thursday, 6 Nov 2008 | 11:21 AM ET

    Stocks continued to slide Thursday as worries about the economy -- and its impact on earnings -- outweighed enthusiasm for big rate cuts in Europe.

  • Financial Regulation Likely to Increase: Market Pros Thursday, 6 Nov 2008 | 10:56 AM ET

    Market pros are seeing more regulation ahead for financial markets.