The US economy is entering a two-year recession that will be longer and deeper than previously feared, said Nouriel Roubini, a well-known economist and professor at New York University.
The fundamentals for commodities were not affected by government policies that are propagating inflation, Jim Rogers, CEO of Rogers Holdings, told CNBC Wednesday.
Democrats in Congress say any new economic stimulus bill would probably include road and bridge construction, help for state budgets and maybe new tax rebates.
The Fed could lend up to $540 billion in a new facility aimed at restoring liquidity for money market funds, Fed officials said.
Economists say the best bang for the buck will come from helping housing, not another tax cut or extended unemployment benefits.
New York Governor David Patterson and New Jersey Governor Jon Corzine sounded off on the economy, Wall Street and regulation on Monday.
A slight thaw in the credit freeze could warm up some cautious buying in battered stocks in the week ahead.
We've all been searching for road maps from the past to help guide us through these current, scary market conditions.
The stock market is on its own wild ride these days, but if investors were to step off the roller coaster for a minute, they might see signs of life in the credit markets.
Investors continued to be rattled by worries that the prolonged credit crisis has already pushed the global economy into a recession.
The latest inflation and jobs data were somewhat better than expected, but the industrial sector showed continued weakness.
The screeching volatility that took stocks to the worst decline since October, 1987 wiped out much of Monday's gains and leaves traders afraid that investors will shy away from stocks for a very long time.
Treasury Secretary Henry Paulson said the U.S. government's banking rescue plan is designed to spur private investment in financial institutions, and told CNBC that the FDIC interbank lending guarantee that's part of the plan will kick in immediately.
Now that the US consumer has finally hit the wall, there’s growing speculation that the Federal Reserve will push its interest-rate pedal to the floor.
AIG's former CEO said the company has “more than enough” assets to cover the $85 billion loan it received from the U.S. government, while inflation numbers took an unexpected turn for the worse and retail sales slumped again in September. Following are today's top videos:
Global credit markets continued to show signs of thawing, but worries about a world-wide recession loomed over markets.
Inflation took an unexpected turn for the worse, while retail sales slumped again in September, complicating the Fed's interest rate policy in the coming months.
While still wildly volatile, the stock market may be ready to start paying attention to what normally drives it - earnings and economic news.
Federal Reserve chairman Ben Bernanke comments on the government's plan to solve the financial crisis, while this year's economics Nobel Prize winner gives his insight on the economy. Following are today's top videos:
Paul Krugman, Princeton University professor and winner of the 2008 Nobel Prize for Economics, told CNBC that the new rescue plan, which will inject $250 billion into U.S. banks, “looks much better.”