CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
The European Central Bank’s outlook on interest rates will dominate the European stock markets next week, when trading is likely to drift in light volumes ahead of Thursday’s big announcement, traders told CNBC.com.
Today I have the first television interview with Jeff Greene, a Beverly Hills real estate mogul who single-handedly shorted subprime. His $50 million investment is up tenfold, to $500,000,000. He is apparently the first individual investor to do such a trade.
The chance of an aggressive 75 basis points cut in the Federal Reserve's benchmark interest rate shot up to 62 percent on Friday, as U.S. equity futures pointed to a lower open and Treasury prices surged.
Euro zone economic sentiment fell more than expected in February to its lowest in over two years, highlighting risks to growth and boosting the chances of an ECB rate cut, despite a confirmed surge in January inflation.
A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.
Fed Chairman Bernanke said some small U.S. banks might go under during the current housing market problems, but the U.S. bank system overall remained solid.
The portion of U.S. junk bonds trading at distressed levels rose to 16.9 percent in February, up from 11.1 percent in January in a sign that defaults are headed higher, Standard & Poor's said on Wednesday.
French consumer confidence fell to its lowest in more than two decades in February as accelerating inflation made households less inclined to make big-ticket purchases, national statistics office INSEE said on Thursday.
Federal Reserve Chairman Ben Bernanke said the U.S. central bank will act as needed to ensure beleaguered housing and credit markets do not further undermine an already sluggish economy...
Fed Chairman Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal that interest rates will again be lowered.
Market expectations that the European Central Bank will cut interest rates fail to consider the dangers of higher inflation, ECB Governing Council member Axel Weber said on Wednesday.
European stocks ended largely flat Wednesday, having pulled back from earlier losses, as negative U.S. economic data was counterbalanced by news that investment caps for two U.S. mortgage financiers would be lifted.
Applications for U.S. home mortgages plunged to their lowest level this year, as rising long-term interest rates curbed incentives to refinance, an industry group's data showed on Wednesday.
New orders for long-lasting US-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected.
How serious is the risk of inflation? It depends on which Fed governor you ask.
The text of Federal Reserve Chairman Ben Bernanke's testimony to the House Financial Services Committee on Febuary 27, 2008.
Fannie Mae, the largest provider of financing for U.S. home loans, on Wednesday reported a $3.6 billion quarterly loss as the housing slump deepened, sending its shares to a 12-year low.
Housing's in the tank, banks are scared to lend, but oil is at $100 a barrel and inflation is threatening to pick up -- what's a central banker to do?
A top Federal Reserve official said Tuesday that the danger the U.S. economy will weaken further is a bigger worry than higher inflation.
The full text of a prepared speech by Federal Reserve Vice Chairman Donald L. Kohn on The U.S. Economy and Monetary Policy given on February 26, 2008.