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  • 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
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    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.

  • Democrats Push Stimulus, But White House Objects Thursday, 6 Nov 2008 | 10:38 AM ET
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    Barack Obama's victory and an expanded majority in Congress could have Democrats making up a list of economic stimulus measures and checking it twice. 

  • Rate Cut Fails to Lift Futures Higher Thursday, 6 Nov 2008 | 9:20 AM ET

    Futures were poised to add to post-election losses, as intensified worries about the global economy outweighed a sharp Bank of England interest rate drop.

  • Bank of England Could Keep Cutting to 0% Thursday, 6 Nov 2008 | 7:29 AM ET
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    The Bank of England's Monetary Policy Committee cut interest rates by a surprising 150 basis points, the deeper cut since the bank became independent in 1997, to help the economy fend off a recession.

  • Bank of England Cuts Rate by Record 150 Basis Points Thursday, 6 Nov 2008 | 7:26 AM ET
    boe_4.jpg

    The Bank of England slashed its key interest rate by one-and-a-half percentage points -- the biggest cut since it became independent in 1997 -- to 3 percent Thursday as recession fears heightened and despite inflation hovering above 5 percent.

  • New Stimulus for Economy May Arrive by Christmas Wednesday, 5 Nov 2008 | 6:04 PM ET
    capital_hill.jpg

    Barack Obama's victory and an expanded majority in Congress could encourage Democrats to make up a list of economic stimulus measures and check it twice. 

  • For Housing, Hope Should Not Cloud Hard Reality Wednesday, 5 Nov 2008 | 2:18 PM ET

    As policymakers and economists try to wrap their collective expertise and expectations around the possibilities of the Obama presidency, a heightened sense of urgency is now focused on mortgage rescue plans and housing stimulus.

  • Treasury Boosts Bond Offerings to Counter Crisis Wednesday, 5 Nov 2008 | 11:13 AM ET

    The U.S. Treasury said on Wednesday it will resurrect the 3-year note and conduct more frequent auctions of 10-year notes and 30-year bonds to cope with staggering borrowing needs that some say could reach $2 trillion in the current fiscal year.

  • Dollar Trims Gains vs Euro After US Services ISM Wednesday, 5 Nov 2008 | 10:23 AM ET

    The dollar trimmed gains against the euro Wednesday after data showed the U.S. services sector shrank more than expected in October.

  • German Government Approves Stimulus Package Wednesday, 5 Nov 2008 | 10:02 AM ET

    The German government on Wednesday approved a stimulus package aimed at helping Europe's biggest economy weather the financial crisis, with measures including tax breaks on new cars and credit assistance for companies.

  • Fiscal Boost Needed to Lift Economy: Fed's Fisher Tuesday, 4 Nov 2008 | 1:05 PM ET
    Richard W. Fisher

    The United States needs a new fiscal policy boost to complement aggressive steps taken by the Federal Reserve to shield the economy from a global credit crisis, one of its top policy-makers said on Tuesday.

  • Dollar Falls Ahead of Rate Decisions, US Election Tuesday, 4 Nov 2008 | 9:40 AM ET
    Dollars and Euro

    The dollar fell against most major currencies Tuesday as investors await the result of the U.S. Presidential election and look toward central bank meetings later in the week.

  • Borrowing Costs Fall to Lowest Level in 5 Months Tuesday, 4 Nov 2008 | 8:20 AM ET
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    The rate at which banks lend dollar funds to each other fell on Tuesday, most notably for periods of a month or longer, pushing benchmark three-month borrowing costs to their lowest in five months.

  • World Recession Gloom Builds, Australia Cuts Rates Tuesday, 4 Nov 2008 | 12:57 AM ET
    Global Markets

    Australia slashed interest rates Tuesday, presaging cuts expected in Europe later this week in the face of mounting evidence that the global financial crisis has already pushed much of the world into a damaging recession.