The Federal Reserve is expected to lower interest rates again this week as insurance against the threat that declining home prices and higher borrowing costs will push the economy into recession. Latest Economic News
Oil closed at a record $93.53 a barrel on Monday as investors bet on another U.S. interest rate cut, the dollar struck new lows and Mexico briefly halted one-fifth of its oil production.
Shares of Merrill Lynch rose as investors bet the biggest U.S. brokerage wouldn't keep investors waiting too long before announcing a replacement for Stan O'Neal.
The anticipated departure of Merrill Lynch Chief Executive Stan O'Neal would mark a surprising flameout in a career that had been impressive in its ascent.
CNBC's Becky Quick traveled exclusively with Warren Buffett on a whirlwind tour of China and South Korea. All this morning on Squawk Box, she is reporting in-depth on the trip and what it tells us about Buffett's investment philosophy. In this excerpt from an interview with Buffett on the return flight to the United States, he talks about the probability of a near-term recession in the United States and why he's a bull on "mankind's long-term possibilities."
The latest warning by UBS that it may face more writedowns, as well as last week's announcement by Merrill Lynch that it would have to write down $8.4 billion, show that the weakness in the financial sector is set to continue, analysts told CNBC Monday.
They're not the most exciting companies on the stock exchanges, and five-star trader Neil Hennessey says that may be just the point. The president and portfolio manager of Hennessy Funds offered up five overlooked stocks for CNBC's "5 For 5."
Weight-loss scams, foreign lottery offers and buyers clubs were the top ways that scam artists separated 30 million Americans from their money in one year, a U.S. agency said Monday.
Get ready for an onslaught of holiday bargains. Almost three-quarters of chief marketing officers expect U.S. retailers to offer more discounts and promotions this holiday than last year, to entice shoppers who are being squeezed by the credit crunch, according to a survey released Monday by BDO Seidman.
Chrysler CEO Bob Nardelli said Monday he has a three-pronged strategy to return the company to profitability that starts with listening to the company's detractors.
