| Source: Reuters
Guarded optimism mounted on Tuesday for a unified international response to the credit crisis ricocheting around the world after Australia cut interest rates far more steeply than expected.
| Source: Reuters
The yen edged up against the U.S. dollar and the euro but slipped against higher-yielding currencies on Tuesday, as investors anticipated a coordinated global response to the credit crisis.
Voters' concerns over the U.S. economic crisis have helped lift Democratic presidential candidate Barack Obama to a clear lead over Republican rival John McCain, according to a new NBC News/Wall Street Journal poll.
| Source: CNBC staff and wire reports
Governments around the world tried to contain the fast-spreading credit crisis, but stock, bond and commodity markets saw investors bet on a sharp downturn.
| Source: Reuters
The U.S. economy faces difficult challenges during a time of extraordinary turbulence, and weak growth will probably linger into 2009, a top Federal Reserve official said on Monday, adding that the central bank needs to continuously re-evaluate its policies.
| Source: The Associated Press
A growing number of economists believe the country is on the brink of—or already in—its first recession since 2001 and that it will be longer lasting.
| Source: CNBC staff and wire reports
Global stock markets plummeted Monday on fears the widening credit crisis would drag the world-wide economy into recession.
| Source: CNBC.com
The credit crisis spread sharply over the European continent this weekend, despite approval of the U.S. bailout package.
| Source: The New York Times
European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents, the New York Times reported.
| Source: CNBC.com
Countries across Europe are following the move by Ireland to guarantee all its bank deposits. Should governments guarantee deposits? Vote in our poll.
| Source: Reuters
German and French officials denied on Sunday that they were set to endorse a common fund to bail out European banks after Italian Prime Minister Silvio Berlusconi was quoted as saying all three nations would back it.
| Source: Reuters
Britain promised on Monday to protect ordinary savers in the face of global financial turmoil, but shares in the country's banks fell sharply on fears the government would seek partial ownership in return for support.
| Source: Reuters
Japanese Prime Minister Taro Aso said on Monday he was not thinking of calling an election now, indicating that an expected early poll aimed at breaking a political stalemate may be pushed back.
| Source: Reuters
The U.S. dollar rallied to a fresh 13-month high against the euro Monday, while the yen surged across the board as fears over bank troubles in Europe mounted and investors shunned riskier assets.
| Source: The New York Times
The bailout bill that President Bush quickly signed into law on Friday must do what financial experts have been unable to do for the last year — put a dollar value on mortgage-related assets that no one wants, reports The New York Times.
Posts |
TOPIC : Politics & Government
The stock market is no longer like a falling knife... Read More
Right now polls paint a dismal picture for Sen... Read More
We’ve become accustomed to calling this an age of parity between the two parties... Read More
Don't you get the feeling that for the past year or so political leaders and leading bankers have been rearranging those deckchairs on this our global financial market Titanic, while the hull of the big ship is balefully scraping along that big, fat, menacing iceberg?... Read More
In a live telephone interview today (Friday) on CNBC, Warren Buffett reacted to the House of Representative's approval of a financial rescue package.... Read More
VIDEO | TOPIC : Politics & Government
Austan Goolsbee, Obama economic adviser, and Douglas Holtz-Eaken, McCain economic policy adviser discuss the financial c...
CNBC's John Harwood discusses the latest poll numbers with Dylan Ratigan.
The European governments' piecemeal approach to addressing problems in its banking sector might work better than a coord...
The Federal Reserve and U.S. Treasury is mulling the formation of a special purpose vehicle to stabilized the commercial...
Lehman CEO Richard Fuld delivered testimony on Capitol Hill today, with CNBC's Scott Cohn.
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