SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0430 GMT. PARIS- Bank of France Governor Christian Noyer is due to speak about EU capital markets union at a financial sector conference- 0700 GMT. FRANKFURT- German's Bundesbank Board member Joachim Nagel to speak on "Asset Management of Public Pension Funds"- 1400 GMT.» Read More
I've spent much of my week at conferences. First at the Mortgage Bankers Association and today at the National Association of Home Builders Construction Forecast Conference. I'm struck with the similarities: first that attendance appears to be pretty low at both.
The big debate now is how deep and how long the recession will be. The short answer is bad enough and probably the worst in 25 years.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
The US economy is entering a two-year recession that will be longer and deeper than previously feared, said Nouriel Roubini, a well-known economist and professor at New York University.
Watch the exclusive video to see what Carmen has to say.
Democrats in Congress say any new economic stimulus bill would probably include road and bridge construction, help for state budgets and maybe new tax rebates.
The Fed could lend up to $540 billion in a new facility aimed at restoring liquidity for money market funds, Fed officials said.
Economists say the best bang for the buck will come from helping housing, not another tax cut or extended unemployment benefits.
New York Governor David Patterson and New Jersey Governor Jon Corzine sounded off on the economy, Wall Street and regulation on Monday.
A slight thaw in the credit freeze could warm up some cautious buying in battered stocks in the week ahead.
Yesterday, on TV, I did a few stories about how the big government bailout (TARP) is having some unfortunate and unintended consequences on troubled borrowers.
We've all been searching for road maps from the past to help guide us through these current, scary market conditions.
The stock market is on its own wild ride these days, but if investors were to step off the roller coaster for a minute, they might see signs of life in the credit markets.
It’s not exactly a shocker, but the nation’s home builders are in dire need of Xanax. The confidence index for October came out today, and it’s hit another record low.
Investors continued to be rattled by worries that the prolonged credit crisis has already pushed the global economy into a recession.
The latest inflation and jobs data were somewhat better than expected, but the industrial sector showed continued weakness.
The screeching volatility that took stocks to the worst decline since October, 1987 wiped out much of Monday's gains and leaves traders afraid that investors will shy away from stocks for a very long time.
Treasury Secretary Henry Paulson said the U.S. government's banking rescue plan is designed to spur private investment in financial institutions, and told CNBC that the FDIC interbank lending guarantee that's part of the plan will kick in immediately.
Now that the US consumer has finally hit the wall, there’s growing speculation that the Federal Reserve will push its interest-rate pedal to the floor.
Mortgage rates are climbing, which could make things even tougher for those troubled borrowers still trying to get help on their loans. Why are they rising? All has to do with fear and treasury spreads.