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Central banks around the world, including the Federal Reserve, reduced rates to help relieve the global economy and stem the financial crisis, while stocks ends lower for the sixth consecutive trading session. Following are today's top videos:
After looking at how badly Asian stock markets suffered today, investors might be tempted to jump back into equities. Afterall, a good bargain doesn't stop some from reaching into their pockets.
The first deputy managing director of the IMF says that several advanced economies are close to a mild recession, while an economist predicts that over a 1000 hedge funds will close this year. Following are today's top videos:
The chief executive explains why his company is exactly what customers need in this tough economy.
In my reporting, I always try to keep it simple. Particularly in the middle of the credit crisis, too much financial jargon goes over the heads of most people. The same can be said for biopharma coverage.
These are gut check times for Ford & GM investors. Shares of the two automakers slid to lows not seen since the early 80's for Ford and mid 50's for GM. As one Wall Street veteran told me, "These are dire times for Ford & GM."
The maker of Gold Bond and other personal products is holding up well in this tough economy.
Okay, what were the chances that ImClone would get bought and Dendreon would come out with its interim test results on the same morning? Slim to none, I'd say. But that's exactly what the news gods had in store for two of the hottest names in biotech.
The Wachovia boss may have proved his worth this week, but his peers are still worthy of skepticism.
With three drugs up for FDA approval by the end of the year, this stock could see a sizable increase in earnings.
These are scary times for banking regulators around the world. Bank runs, bankruptcies, a crisis of confidence etc. These are not factors leading up to the Great Depression, but rather, ripped from today's headlines. Things that would probably keep even Alan Greenspan awake at night! Ben and Hank have definitely lost sleep this past month...
Alright, be honest. When you hear the words "sovereign wealth funds", don't you also hear, ever so faintly in the background... that evil empire theme from "Star Wars?"
Harish Manwani either has a dream job or a nightmare position. You decide.
These 11 CEOs were the helm of companies that were bruised or broken by the credit crunch. Take a look at the money they had coming to them.
Every year, friends of mine head up to Hong Kong to go shopping. Not at the swanky boutiques in Central or the funky shops in Causeway Bay. Nope, they go to the warehouse outlets on the other side of Hong Kong Island. Why?
Robert Toll, Chairman and CEO of Toll Brothers, told CNBC that he sees the housing industry’s recession continuing through 2009.
Congressional leaders "sweeten" the $700 billion financial rescue package to attract enough House members, particularly Republicans, to pass the plan that failed in the House just two days ago. In the meantime, billionaire investor Warren Buffett takes opportunity of the rocky markets to invest $3 Billion in GE, the parent company of CNBC. Following are today's top videos:
SEC ban on short selling in financials is likely to be extended, NYSE CEO Duncan Niederauer said on a webcast with NYSE listed companies and reporters.
Prospects for a revised financial bailout improved as the Senate prepared to vote tonight and House leaders said headway is being made. However, CEOs are split on whether passing the bill is truly the best way to tackle the financial crisis.
The New York Times can't seem to get enough of Cramer lately. Check it out.