The European Central Bank will have to print and sell euros in the currency markets to alleviate the pain the strong single currency is causing to the euro zone, David Bloom, global head of foreign exchange strategy at HSBC told CNBC Tuesday.
Global stocks were mostly higher Tuesday as expectations grew that the worst may be over for the global economy. Experts interviewed by CNBC consider whether the expectations are founded.
Global stocks took a break Monday after a successful week of gains. Investors remain uncertain if the global economy is showing signs of recovery or signs of further deterioration. Experts give CNBC their predictions.
The closely-watched US jobs report is due later on Friday, after results of stress tests late on Thursday revealed that ten banks need to raise up to $75 billion in fresh capital.
Employers are letting up a bit on the mass layoffs they resorted to earlier this year to cope with the recession, but the unemployment rate is climbing.
Investors are eagerly anticipating the release of the U.S. government's stress test results Thursday where a number of the 19 banks reviewed are expected to require fresh capital.
Global stocks were mixed on Wednesday as investors became more cautious a day before the bank stress test results after reports that Bank of America may need to raise a substantial amount of capital.
Global stocks were mixed Tuesday ahead of the release of the U.S. government's bank stress test results out later in the week as reports claim up to 10 banks will need to raise more capital.
Global stocks rose Monday ahead of the expected release of the U.S. government's bank stress test results. Experts tell CNBC if the banking system isn't fixed, governments' stimulus efforts are in vain.
The European Central Bank Shadow Council said it saw no need to set an interest rate floor at 1 percent, smashing official ECB proposals to prevent the rate from reaching 0 percent.
Global stocks were higher Friday, the first day of May, as investors were encouraged by the returns in April's strong market performance and batted off news of Chrysler's bankruptcy announcement and deepening concerns about the swine flu outbreak.
You've heard all the gloom and doom. Now here's some good news: the economic recovery could happen much sooner—and be much stronger—than anyone thought possible.
Sen. Richard Durbin (D-Ill.) has managed to get a vote scheduled for his controversial plan to help homeowners avoid foreclosure, but the bill's chances of approval are slim.
Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.
And if so, how do you play it? Cramer interviewed the Agnico-Eagle Mines CEO to find out if his company made the cut.
The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter reflecting continuing economic woes. In the meantime, President Obama marks his 100th day in office while analysts anxiously await the latest from the FOMC's interest rate decision due this afternoon. (UPDATED with the Fed decision, below). Read and listen to what experts had to say...
Below is the statement released by the Federal Open Market Committee after its Apr. 28-29 meeting on interest rate policy:
Senate Majority Whip Richard Durbin (D-Illinois) Thursday will take so-called bankruptcy cramdown legislation to the floor, seeking a vote on the controversial proposal, say Congressional and industry sources.
The economy contracted at a steeper-than-expected pace in the first quarter, weighed down by sharp declines in exports and business inventories.
Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.