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  • Credit Crunch Part Two Monday, 29 Oct 2007 | 12:52 PM ET

    The subprime fall-out continues to claim more victims. Merrill's came as a blow - and in what is now becoming predictable for financial companies trying to get ahead of the news agenda - UBS rushed out 24hrs early the bad news on exposure and trading outlook.

  • European Stocks Close Firmly Higher on Fed-Cut Hopes Monday, 29 Oct 2007 | 12:39 PM ET

    Major European markets ended in positive territory Monday, as anticipation of lower U.S. interest rates helped sentiment.

  • China's Policy Tightening to Continue: Central Banker Sunday, 28 Oct 2007 | 10:33 PM ET

    China will stay the course on monetary tightening and keep a lid on money supply and credit growth, a top central bank official said.

  • Winners and Losers: Tech Shares, Oil Prices Soar Friday, 26 Oct 2007 | 5:50 PM ET

    As investors wait with bated breath about whether the fed will cut rates, soaring oil prices were the week’s topic du jour.

  • Dollar Falls to Fresh Low Ahead of Fed Meeting Friday, 26 Oct 2007 | 4:49 PM ET
    Dollar and Euro

    The dollar slipped to record lows against the euro and a basket of currencies Friday as investors, faced with a run of weak U.S. economic data, anticipate a Federal Reserve interest rate cut next week.

  • The Market's Rate Cut Obsession Thursday, 25 Oct 2007 | 4:50 PM ET

    Another late-day rally, this one not quite as robust as the last few days, but still the Dow was at 13,550 at 2 PM ET, so we rallied almost 125 points from that low to close at 13,671.

  • Why Market's Placing Faith In Fed Rate Cut Thursday, 25 Oct 2007 | 2:31 PM ET

    I noted this morning that the market seems to be placing a lot of faith in a Fed rate cut. Lowry's has noted that over the past three sessions, the Dow Industrials has gained 50, 53 and 68 points, respectively, in the final hour of trading.

  • Housing Numbers: We May Not Be Rock Bottom Yet Thursday, 25 Oct 2007 | 1:54 PM ET
    U.S. Department of Commerce

    So I'm sure many of you are scratching your heads trying to figure out how, amid the now constant din of the housing crisis, we suddenly get this report from the Commerce Dept. that new home sales and prices bumped up in September?? Well before everyone starts hailing the home builders and calling a big bad bottom to the market, a couple of key points:

  • Orders for Big-Ticket Goods Fall More than Expected Thursday, 25 Oct 2007 | 11:32 AM ET

    Orders for big-ticket manufactured goods unexpectedly fell again in September, raising new worries about how much harm a severe housing slump and credit crunch are causing the overall economy.

  • Motorola Beats Street And BofA Cuts Thursday, 25 Oct 2007 | 9:25 AM ET

    Futures trading up as Motorola beat expectations and guided upward while EMC was in line and both are up nicely pre-open. There's strength in Europe, strength in Asia, third Quarter GDP in China rose 11.5%. That was in line with expectations. Chinese stocks are the only major market down in Asia, down 5%, probably on worries that more rate hikes are likely.

  • Buffett: Subprime Woes May Linger for Up to 2 Years Thursday, 25 Oct 2007 | 8:30 AM ET

    American billionaire investor Warren Buffett said Thursday he remains negative on prospects for the U.S. dollar and that problems in the U.S. subprime mortgage sector may continue to cause problems for some time. 

  • NZ Holds Rates Steady, but Vigilant on Inflation Wednesday, 24 Oct 2007 | 8:35 PM ET

    New Zealand's central bank held interest rates steady at 8.25 percent on Thursday, as expected, but said rising food prices and increased government spending were adding to persistent inflation pressures.

  • Countrywide: Now The Mortgage "Rescue" Firm? Wednesday, 24 Oct 2007 | 3:18 PM ET

    So there’s a big press conference today to announce how Countrywide Financial is getting together with its harshest critic (until now) NACA, the Neighborhood Assistance Corp. of America.

  • US Mortgage Applications Edge Higher Wednesday, 24 Oct 2007 | 7:23 AM ET

    U.S. mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as banks tighten lending standards.

  • Australia's Core Inflation Jumps, Rings Rate Alarm Wednesday, 24 Oct 2007 | 1:29 AM ET

    Underlying inflation in Australia speeded past expectations last quarter to hit the very top of the central bank's target range, sharply lifting the risks of a hike in interest rates as early as next month.

  • Countrywide: Saving Its Skin And Others As Well? Tuesday, 23 Oct 2007 | 4:41 PM ET

    I could say, “What took you so long,” but that would be rude. Today, just three days before the nation’s largest mortgage lender announces its quarterly earnings, Countrywide Financial Corp. sent out a press release announcing a “comprehensive home preservation program to reach out to borrowers at risk of default.” Let’s boil it down:

  • Greenspan: Recession Chance 'Less than 50-50' Tuesday, 23 Oct 2007 | 12:27 PM ET
    Alan Greenspan

    The U.S. economy still faces pressure from a drawn-out housing-market slowdown but will "probably not" slip into recession as a result, former Federal Reserve Chairman Alan Greenspan said Tuesday.

  • Fed's Evans Says US Economy Is "Moving Forward" Monday, 22 Oct 2007 | 8:22 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Monday that outside of housing the U.S. economy is "moving forward," and that the Fed could not afford to go soft on inflation.

  • Lending Reform: Let The Battle Begin! Monday, 22 Oct 2007 | 4:44 PM ET

    You may or may not have heard, Rep. Barney Frank (D-MA), the chairman of the House Financial Services Committee, announced his legislation for mortgage lending reform today. This is expected to be the bill that will or will not change the way the mortgage business does business.

  • Gloom & Doom Economist Says Worst Is Yet to Come Monday, 22 Oct 2007 | 2:51 PM ET

    Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.