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Economic Measures Inflation

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Tuesday, even "good" financials start out looking pretty bad: Goldman Sachs' earnings plunge and AIG scares investors again. But volatility makes the market hard to predict.

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    Cash-for-clunkers may have pushed retail sales higher, but the road to recovery is likely be a bumpy one, say economists.

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    "The V-shaped recovery just got a badly needed shot in the arm today as the consumer is back in the game in a big way," said economist Chris  Rupkey.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Monday, the weekend's turmoil starts taking its toll. Stocks fall sharply Monday on a triptych of Wall Street woe: Lehman Brothers' bankruptcy filing; Merrill Lynch's acquisition by Bank of America; and AIG's unprecedented request for short-term financing from the Federal Reserve.

  • Even if Lehman Brothers were saved last September, another financial institution would have failed and set off the same global economic crisis that has plagued international markets for the last year, the European Central Bank President told CNBC.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Hurricane Ike takes a backseat to the the banking storm: BofA pulls out of Lehman to focus on Merrill Lynch. By late Saturday night, a deal has been drafted to acquire Lehman's bad assets and pave the way for an eventual sale of the firm.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Lehman Brothers, Washington Mutual and AIG all  race against time leading to a weekend of work and worry.

  • Geithner Townhall meeting

    Treasury Secretary Timothy Geithner offered a spirited defense of the government's efforts to forestall another Great Depression but cautioned that the recovery would be slow and painful.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Uncertainty over guidance from Lehman Brothers casts a pall over the entire banking sector, including Merrill Lynch, Goldman Sachs — and Lehman itself.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Sunday, no rest for Wall Street. And the dominos fall. Lehman Brothers files for chapter 11 protection, Merrill Lynch sells itself to Bank of America and AIG prepares for a dramatic decision.

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    The Bank of England is expected to hold interest rates at record lows and continue with its program to boost the money supply on Thursday despite growing signs of an economic recovery.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Lehman Brothers moves closer to taking center stage in the crisis, but storm clouds also build over AIG and Washington Mutual.

  • Gold reached its highs at $1,000 while the dollar has been sinking to its lowest level this year. So is inflation on the horizon, and if so, how can investors prepare their portfolios? Marc Pado, U.S. market strategist, Cantor Fitzgerald and James Shelton, CIO, Kanaly Trust shared their investment strategies.

  • On Tuesday, Lehman Brothers starts playing defense. Reports say Lehman management is considering moving up the release of its third-quarter earnings, which had been scheduled for next Thursday. Opinion is split on fannie and Freddie — with on builder calling a bottom.

  • The Crisis: 1 Year Later - A CNBC Special Report - See Complete Coverage

    The credit ratings industry will be forced to create a more accurate and transparent market to better meet the needs of the investing community, Sean Egan, president and cofounder of Egan-Jones Ratings Company, told CNBC.

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    The collapse of Fannie Mae and Freddie Mac one year ago was the result of bad government policy that took too long be corrected,  Jim Lockhart, the GSE's former regulator, told CNBC.

  • Monday sees a dawn for markets...a false dawn. Investors rejoiced that the U.S. Treasury will take over Fannie Mae and Freddie Mac, seeing a sign that housing troubles are over. Stock markets all over the world rocket upward. But not everyone shares the . Lehman Brothers  ends the day down 13 percent. Why?

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    The U.S. markets may be closed Sunday, but that doesn't stop rumblings and news on the financial front. Lehman Brothers officials are hoping to finalize plans to raise capital and sell off bad debts sometime this coming week. And U.S. Treasury officials expect to buy $5 billion of Fannie Mae and Freddie Mac securities within the next month, as part of the takeover of the mortgage finance giants.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    For the troubled financial sector, Saturday brings no rest. The U.S. plans to bring mortgage finance firms Fannie Mae and Freddie Mac under Federal control, according to reports. The move could constitute the biggest financial bailout in American history. And shareholders are facing the prospect of a wipeout.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    It's a pretty black Friday. Another bleak unemployment report shows the August joblessness rate shot up to its highest level since summer of 2003. And the glum news seems to rattle every spoke on the financial hub.