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  • Bernanke: Fed Will Act To Curb Fallout of Credit Ills Thursday, 20 Sep 2007 | 1:54 PM ET
    Federal Reserve Board Chairman Ben Bernanke.

    Federal Chairman Ben Bernanke told Congress the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout from the mortgage mess.

  • Greenback at 30-Year Low vs. Canadian Dollar Thursday, 20 Sep 2007 | 1:00 PM ET
    American Dollar and Canadian Dollar

    The Canadian dollar hit parity with the U.S. dollar for the first time in 31 years Thursday, capping a 62 percent rise from 2002 on the back of booming commodity prices and a deepening disenchantment with the greenback.

  • Old Ma Bell Just Got Sexy Thursday, 20 Sep 2007 | 11:35 AM ET

    Thanks to iPhone mania and a hefty yield, AT&T is just the kind of stock investors want in this environment.

  • Inside Ben Bernanke's Brain Thursday, 20 Sep 2007 | 11:15 AM ET

    Is Ben Bernanke more aggressive than Greenspan by nature? Does inflation still worry him? In Wednesday’s Face 2 Face go inside Ben's brain with someone who knows Bernanke well.

  • King Denies Policy U-Turn in Northern Rock Case Thursday, 20 Sep 2007 | 10:11 AM ET

    The Bank of England denied on Thursday it had performed a U-turn over its stance on not bailing out markets in the Northern Rock case.

  • Full Text of Ben Bernanke's Speech on Subprime Lending Thursday, 20 Sep 2007 | 9:31 AM ET

    The following is the full transcript of the speech made by Federal Reserve Chairman Ben Bernanke on Sept. 20, 2007, before the U.S. House of Representatives' Committee on Financial Services,  on the subject of subprime mortgage lending and mitigating foreclosures.

  • U.K. August Retail Sales Beat Forecasts Thursday, 20 Sep 2007 | 4:54 AM ET

    British retail sales volumes rose more strongly than expected in August but retailers had to slash prices for a second consecutive month to lure in  customers, official data showed on Thursday.

  • Bernanke Back in the Hot Seat Wednesday, 19 Sep 2007 | 10:12 PM ET

    Two days after Federal Reserve Chairman Ben Bernanke got a vote of confidence from the markets for the Fed's half point rate cut, he and Treasury Secretary Henry Paulson head to Capital Hill for a hearing on the mortgage mess. They appear before the House Financial Services Committee starting at 10 a.m. Thursday.

  • Wall Street Gets a Shot of Confidence Wednesday, 19 Sep 2007 | 10:01 PM ET

    The stock market's got some of its swagger back. Flush with a new infusion of confidence, investors will carry that into Wednesday. Before the opening bell on Wall Street, we'll get a look at consumer inflation data, August housing starts and  another big broker's earnings. But there certainly should be some afterglow from Tuesday's Fed-fired rally cooked into the start of trading.

  • Golden Goldman and Greenspan "Unplugged" Wednesday, 19 Sep 2007 | 7:26 PM ET

    Chatter on the street is that Goldman Sachs can't help but beat Wall Street's estimates when it reports earnings tomorrow. For that reason, it's one of the few in the brokerage group still holding onto gains at the close. Goldman stock closed up 2.5%. Bear Stearns, also reporting tomorrow, fell 3%. Morgan Stanley was down 2% after a disappointing report this morning, and Lehman was down a half a percent. Merrill Lynch though was 1% higher.

  • Dollar Strengthens on Fed Rate Cut Wednesday, 19 Sep 2007 | 4:55 PM ET

    The dollar rallied from a 15-year low against a basket of currencies Wednesday, as investors bet the Federal Reserve's interest rate cut Tuesday will help boost a slowing U.S. economy.

  • Stop Trading!: Expect More Rate Cuts Wednesday, 19 Sep 2007 | 3:27 PM ET

    Maybe even as much as a full percent, Cramer said. Annaly Capital is the best way to play it.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.

  • After the Surprise Rate Cut: Are CEOs Happy Now? Wednesday, 19 Sep 2007 | 3:22 PM ET

    Chief executives such as Ara Hovnanian were the among the loudest voices calling for the Federal Reserve to cut interest rates. Now, after the Fed's surprisingly sharp reduction in rates on Tuesday, CNBC asked several CEOs if they're happy.

  • Wells Fargo Chairman Sees Mortgage Recovery Wednesday, 19 Sep 2007 | 2:20 PM ET

    Wells Fargo Chairman Richard Kovacevich said Wednesday the U.S. mortgage industry will recover following further short-term pain, led by better-diversified lenders less exposed to market vagaries.

  • Fed Still Faces Tough Fight Against Recession: Experts Wednesday, 19 Sep 2007 | 2:16 PM ET
    Federal Reserve Board Chairman Ben Bernanke.

    The Fed’s  rate cuts will do little if anything to help the mortgage and housing industries in the short-term--and the central bank is just at the beginning of a long, hard fight to head off a recession, experts say.

  • Does the Fed Cut Save Housing? Wednesday, 19 Sep 2007 | 1:01 PM ET

    The short answer is: not today. I realize the CNBC audience doesn't need an explanation of why a Fed rate cut doesn't mean that you're suddenly saving hundreds of dollars a month on your 30-year fixed. Yes, it may slightly affect adjustable rate mortgage interest rates, and certainly some home equity lines, but the troubles in the housing market are far too vast right now to respond suddenly to a little ol' rate cut.

  • Did The Fed Blow It? Wednesday, 19 Sep 2007 | 12:50 PM ET

    Forget the knee jerk euphoria. Was Tuesday's Fed move the right one and does it signal the okay to jump back into stocks?

  • Consumer Prices Decline Unexpectedly in August Wednesday, 19 Sep 2007 | 12:38 PM ET

    U.S. consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data Wednesday showed, underlining concerns about the country's economic outlook.

  • European Stocks Rally after Fed Rate Cut Wednesday, 19 Sep 2007 | 12:12 PM ET

    European shares closed higher, with the financial sector advancing strongly, after the U.S. Federal Reserve decided to slash interest rates in order to offer relief to troubled credit markets.

  • Cramer: They Know Something! Wednesday, 19 Sep 2007 | 10:54 AM ET

    Finally, the Fed gets it right. Now the bull is back.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.