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As the debt-laden U.S. consumer grows more and more reluctant to spend and Europeans are cutting down on consumption, the world looks to China for salvation. But experts interviewed by CNBC explain why China will not save the global economy from recession.
Oil prices plummeted Friday as concerns increased over energy demand in the slowing global economy. Experts tell CNBC the commodity could fall to $10 a barrel.
Further economic data out of China showed the country was at risk of falling into a deflationary period. Chinese consumer price inflation fell to a 22-month low of 2.4 percent in November, sparking a fresh commitment from the government to take steps to reinvigorate the economy. Experts tell CNBC the country still has attractive prospects.
A tentative deal has been reached between the White House and congressional Democrats regarding a $15 billion proposal for bailing out the U.S. automakers. But CNBC's experts are skeptical on the measures and reckon the markets' positive reaction to the news will be unsustainable.
Oil prices were steady Tuesday, following a 7 percent rally the previous day, on further economic fears as Japan slipped into a deeper recession. GDP data showed the country's economy contracted at an even faster pace than originally estimated during the third quarter. CNBC's experts weigh in on the economic woes.
Global stocks surged Monday with investors taking heart from a likely rescue plan for U.S. automakers and more government stimulus packages to reverse an economic decline. But experts tell CNBC that the slowdown is far from over.
U.S. employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years. Experts tell CNBC that the outlook for the economy is grim.
Sweden, Bank of England, and now the ECB have all cut interest rates, the ECB by a record 75 basis points to 2.5 percent. On the U.S. front, there is mostly negative news. Let's see how much of this negative news has been priced into the market.
November retail sales figures will be released later on Thursday. But as analysts revise their forecasts down on concerns of slowing consumer spending due to recessionary woes, experts predict further troubles for the retail sector.
If you think navigating the mall during the holidays is tough, just try trading the retailers.
Sweet deals inspired shoppers to hit the mall this weekend, but it doesn't look like the buying binge was enough to save the holiday season. But what's the outlook for investors beyond that. CNBC talked with two retail analysts to get their take.
The Dow climbed higher on Wednesday as hopes of a General Motors bailout helped investors shrug off data depicting a worsening global economic downturn.
As the news came in that Timothy Geithner would be Obama's pick for Treasury Secretary the market made a sharp move upward fueled in part by short covering.
Stocks rallied Friday, with the Dow soaring nearly 500 points, following news that Obama has picked Geithner as Treasury Secretary. Friday's gains helped offset much of the week's losses, pushing the Dow back above 8,000.
Stocks woke up Friday following news that President-Elect Barack Obama is expected to announce two key cabinet posts.
Citigroup’s board will likely convene today to discuss many of these alternatives. This comes after the stock has lost half of its value this week, as it closed below $5 yesterday
Stocks plunged yet again on Thursday, sending the S&P 500 to its lowest level since 1997 – and completely erasing more than a decade of stock market gains.
In this Web Extra find out how the traders are playing Dell, the Gap and much more!
Holiday advertising from a lengthening list of retailers will reflect the cautious mood among consumers as data indicate spending is slowing and store revenue is falling, the New York Times reports.
Retailers are reporting some of the weakest sales in more than a decade as consumer spending dried up in October amid the uncertainty brought on by the financial crisis and mounting layoffs.