Russia said its currency crisis was over despite its forex reserves plunging and inflation surging over 10 percent, in its worst economic crisis since 1998.» Read More
This morning, in response to a question from one of our anchors, I said that the bulk of foreclosed homes are not included in the existing home sales report from the National Association of Realtors because they don’t land on the MLS.
Weekly jobless claims for the second week appeared to defy the conclusion that conditions in the labor market are pointing to a recession.
President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession.
The Bank of England has room to manoeuvre on interest rates but policy appropriate for the U.S. economy may not be suitable here, British finance minister Alistair Darling told parliament said on Thursday.
Euro zone growth could come in below 2 percent this year, European Central Bank Governing Council member Klaus Liebscher was quoted as saying on Thursday, but the region is better off than the United States.
How can you protect yourself from the bear and benefit from the bull? We asked one of the most influential women in the business, CNBC’s Suze Orman.
In the face of a wobbly market, financials for the second day have been moving higher on the Fed's big surprise rate cut and the hope for more. For several weeks now, we've heard pundits of all sorts debating whether the group is hitting bottom, as it airs its dirty laundry this earnings period. Clearly, the shorts fear that view is true because they have been covering positions in a big way.
Forget a half-point cut. Wall Street is now speculating that the Fed will lower rates another three-quarters of a point next week.
ECB President Trichet appears to shun an interest rate cut in favor of fighting inflation, contributing to another round of selling in global stock markets.
I want to address an issue I mentioned yesterday which generated a lot of reader mail. I wrote: “You can’t do a stated income loan anymore, and you can’t do 100 percent financing.” I was actually quoting a mortgage expert I had spoken with earlier who was trying to make the point that despite the Fed rate cut, lending standards today are far tighter than they were just six months ago.
The slowing economy will not sink into an election-year recession and an economic rebound is likely beginning next year, the CBO forecast Wednesday.
There was a time when many thought Europe and the rest of the global economy might finally be able to withstand a downturn in the US. So much for wishful thinking. The spectre of a recession on top of a malignant credit crunch is the talk of the town.
The Federal Reserve's decision to slash interest rates by 75 basis points on Tuesday was a bold, well measured move to avoid a sharp slowdown in the U.S. economy, John Snow, former U.S. Treasury Secretary & chairman of Cerberus Capital, told CNBC's "Squawk Box Europe."
Economic slowdown and market disruption is the talk of Davos, in official forums, on camera and informal chats in halls and shuttle vans. Other issues like the environment and health are taking a back seat.
Ok, now we've got that emergency rate cut from the Fed AND the full 75 bp the markets wanted...
Euro zone services growth slumped significantly below forecasts to a rate not seen in over four years this month, but manufacturing growth remained unchanged from December, a key survey showed on Wednesday.
Australia's core inflation rate accelerated to its fastest pace in 16 years last quarter, adding greatly to the domestic case for a rise in interest rates even as turmoil in global markets seemed to argue against one.
Cramer's playbook for this market.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
In Tuesday’s Web Extra, find out how the traders are playing an expected weaker open. Also why Karen Finerman is turning her attention overseas. Is London calling?
How much debt do you have? If it makes you feel any better, your debt pile, no matter how high, is but a speck of red lint compared to the national debt. Our national debt is, gulp, $9,191,881,476,023 and change. (Keep the change). Bob Kerstein at Scripophily apparently had a little time on his hands, because he put that eye-popping figure into dollars and cents.