Central banks' efforts to introduce measures such as buying various assets and printing money as they bring their interest rates to zero will not work in countries with too high levels of debt, Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC.
With the economy weakening, chief executives want Wall Street to see them as tough cost-cutters who are not afraid to lay off workers. But plenty of job cuts are not trumpeted in news releases, the New York Times reported.
Traders are yearning to get into the stock markets but are "terrified" and crowd the sidelines, when a winning strategy may be to just cut out the negative noise and jump in, financial guru Clem Chambers, CEO at ADVFN, told CNBC.
Bernard Madoff and $50 billion. His name and that number have become inseparable in describing the enormity of what has been called the largest white-collar fraud in history.
Citigroup's recent arrangement for converting some of the government’s preference shares into ordinary shares causes a significant loss to the retail investor, Citigroup shareholder Victor Filatov, former president of Capula Investment Management, told CNBC.
Financier Bernard Madoff said his wife should be allowed to keep nearly $70 million worth of assets held in her name, including the Manhattan penthouse where he is currently under house arrest, because they are unrelated to his alleged fraud, the Wall Street Journal reported.
In the latest sign that Obama-mania continues to grow, a musical based on the new US president will make its debut next week in London.
The light at the end of the tunnel might be around the corner as the downturn is nearing the usual length of the average bear market, but the UK markets could still go lower, analysts told CNBC Thursday.
The Dow Jones Industrial Average is nowhere near the bottom, despite recent measures by authorities to boost the beleaguered banking sector, Edward Loef from Theodoor Gilissen Bankiers told CNBC.
UBS was sued on Tuesday in a Swiss federal court by wealthy American clients seeking to prevent the disclosure of their identities as part of a tax-evasion investigation by the United States Justice Department.
Britain's Secretary of State for Business Enterprise and Regulatory Reform Lord Peter Mandelson caused a stir earlier this week when he slammed Starbucks CEO Howard Schultz's negative comments about the UK's economy.
As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their retirement accounts shrink, according to an Associated Press-GfK poll.
The Bill & Melinda Gates Foundation on Tuesday increased its share stake in heavyweights like Coca Cola, McDonald's and Autonation.
It may seem like the country that used to make everything is on the brink of making nothing.
A Thai bank, a Dutch brewer and a US-based food-service provider are among the stock picks given by Wouter Weijand from Fortis Investments.
Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking, the New York Times reported.
It's a city where perception is reality and image is everything. But Hollywood is having trouble keeping up appearances in the midst of the nation's economic downturn, even during its splashiest, most self-celebratory time: awards season.
A day after Obama's stimulus plan was passed in the senate and the Dow dropped 4.6 percent, the S&P 500 is heading to set new lows.
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Investors are eager to see the details of a stimulus package to help the US economy on which the Senate will vote today. Some experts tell CNBC it will signal the beginning of the end of the economic crisis, but others say it will not bring immediate relief.