Shweta Gupta knows exactly what kind of groom she wants: he should be educated, well settled and live in a good location --- one that must be in India.
Should the Federal Reserve be more worried about the threat of inflation on the long-term horizon, or deflation in the short-term?
Worldwide trade will plummet by nearly 10% this year, and output will fall by 2.9%, the World Bank predicted in a report released Monday.
The recession began in December 2007. Did it end sometime this spring?
China can expect 7.2% growth in 2009, according to the World Bank, which says the country's fiscal policies in the face of a global financial slowdown have kept the Chinese economy "growing respectably."
For the first time, Brazil, Russia, India, and China -- dubbed the BRIC nations -- held a summit this week to discuss the global economy and their role in it.
Cell phone technology is helping developing nations prepare for disease threats such as a new strain of swine flu, an outbreak of measles or the increased spread of HIV.
The stock market's rally serves as "broad validation" of the Obama administration's financial rescue efforts, Treasury Secretary Tim Geithner said Monday.
Billionaire Bill Gates has urged industrialized nations to honor aid pledges to developing nations despite the recession.
The first comprehensive report into the human cost of climate change warns the world is in the throes of a "silent crisis" that is killing 300,000 people each year.
Shweta Gupta knows exactly what kind of groom she wants: he should be educated, well settled and live in a good location --- one that must be in India.
Should the Federal Reserve be more worried about the threat of inflation on the long-term horizon, or deflation in the short-term?
Worldwide trade will plummet by nearly 10% this year, and output will fall by 2.9%, the World Bank predicted in a report released Monday.
The recession began in December 2007. Did it end sometime this spring?
China can expect 7.2% growth in 2009, according to the World Bank, which says the country's fiscal policies in the face of a global financial slowdown have kept the Chinese economy "growing respectably."
For the first time, Brazil, Russia, India, and China -- dubbed the BRIC nations -- held a summit this week to discuss the global economy and their role in it.
Cell phone technology is helping developing nations prepare for disease threats such as a new strain of swine flu, an outbreak of measles or the increased spread of HIV.
The stock market's rally serves as "broad validation" of the Obama administration's financial rescue efforts, Treasury Secretary Tim Geithner said Monday.
Billionaire Bill Gates has urged industrialized nations to honor aid pledges to developing nations despite the recession.
The first comprehensive report into the human cost of climate change warns the world is in the throes of a "silent crisis" that is killing 300,000 people each year.
The government bailout of banks, lenders, Bear Stearns and AIG brought in billions of dollars to the Federal Reserve in the first quarter of 2009.
States are poised to pass as much as $24 billion in tax and fee hikes in coming weeks, as they struggle to balance their budgets amid the worst economic downturn since the Great Depression, a report released Thursday found.
Question: I believe that along with a recession comes a great opportunity to invest and make significant long-term gains. I'm under 30, I contribute to my 401(k) plan and I'm willing to take risks. What are my best options in today's market? --Lyle, Fort Lauderdale, Florida
The nation has a 'flation problem. But it is deflation or inflation? Or maybe it's disinflation, stagflation or hyperinflation?
We're about to mark the second anniversary of the financial meltdown. But don't expect to see any clinking of champagne glasses, because except for a handful of prescient (or lucky) speculators, it's been a ghastly two years. The nightmare started June 12, 2007, when news broke that two Bear Stearns hedge funds speculating in mortgage-backed securities were melting down. That was the precursor to the panics and collapses that have led to a worldwide recession and the fall of mighty institutions like Bear, AIG, Lehman Brothers, and Royal Bank of Scotland.
Stocks were finally taking a bit of a breather Thursday.
The U.S. economy shrank at an annual pace of 6.1% in the first quarter -- almost as much as it did in the fourth quarter of 2008, according to a government report Wednesday.
The severe decay in the global economy is easing but serious problems still loom, Treasury Secretary Tim Geithner said Friday.
Big tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.
Treasury Secretary Tim Geithner, speaking Wednesday ahead of a meeting of international finance officials, said economies around the world need to work together to lay the ground work for a sound future.
The Obama administration must break up the biggest financial firms if the nation is to return to economic health, three prominent bailout skeptics told a congressional panel Tuesday.
The International Monetary Fund has raised its estimate of the amount of toxic assets that banks and financial institutions will have to dispose of or write down to $4 trillion.
The world has seen banks and businesses fail spectacularly since the recession began, but other vulnerable organizations in the developing world face devastation.
If there is one thing that Africa can learn from the global financial crisis it's that the West doesn't always get it right, Nobel Peace Laureate Wangari Maathai told CNN.
Treasury Secretary Tim Geithner will host a meeting of international finance ministers next week, the Treasury Department said Monday.
As Barack Obama headed back from his first diplomatic venture, two distinct views of his performance are emerging in Washington.
Unemployment at a 25-year high. Housing prices continuing to fall. Corporate titans such as General Motors on the brink of bankruptcy. There's no lack of bad economic news.
Leaders of the world's largest economies agreed on Thursday to a package worth more than $1 trillion to tackle the global economic crisis.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
Stocks rallied Thursday morning as the G-20 meeting of the world's largest economies got underway and regulators reportedly eased rules that determine how banks value bad debt.
A great age of protest should be dawning. The global mismanagement of the financial system has led to a deep recession. Intellectual paralysis has gripped the authorities and their policy response has been risky.
India's prime minister, in a speech ahead of the G-20 economic summit, called for added funding to developing nations as a way to maintain demand in a troubled global economy.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Barack Obama announced new arms negotiations with Russia's president, discussed North Korea with China's president, talked about the global economy with Britain's prime minister and had tea with Queen Elizabeth II on Wednesday -- a busy day for any leader.
As President Obama brings a proposed wish list for fixing financial markets and the global economy to the world stage, he's likely to have a tough sell.
French President Nicolas Sarkozy insisted Wednesday that new financial regulation is a "non-negotiable" aim of the G-20 Summit in London, as world leaders gathered for the event.
Security at the G-20 summit in London, England, is tight as protesters fill the streets. CNN anchor Kiran Chetry spoke Wednesday with Frances Townsend, who was Homeland Security adviser under the Bush administration, about the security. Townsend now is a national security contributor on CNN.
The world faces crisis of finance, not a crisis of capitalism.
President Obama said Wednesday world leaders meeting at the G-20 summit "cannot afford half-measures" as they try to hammer out ways to address the global financial crisis.
Headlines proclaiming that G-20 activists and police are following each others' activities on Twitter, Facebook and other social networking sites may give one the impression that a new age of surveillance and political activism has dawned.
Leaders at this week's Group of 20 summit must reshape the world's economic system to reflect global values, British Prime Minister Gordon Brown said Tuesday.
This week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.
On the wall of his office overlooking the Pacific Ocean, Bill Gross has hung a poster of Jesse Livermore. In the early decades of the last century Livermore made and lost several fortunes on Wall Street before killing himself in 1940. Alongside the picture is an adaptation of a quote from the deceased: "An investor has to guard against many things and most of all against himself."
This week's London Summit brings together the leaders of the world's 20 largest economic powers, known as the Group of 20, to discuss the global financial crisis and decide new measures to set the world on a more stable economic footing.
Social networking Web sites are set to play a crucial role in protests ahead of next week's G-20 meeting of world leaders in London as demonstration organizers and police use Twitter and Facebook as key sources of real-time information and intelligence.
Is this the worst economy since the Great Depression? And what are the chances of the economy falling into another depression?
Zimbabwe will get no financial assistance from the International Monetary Fund until it moves ahead with sound policies and settles its outstanding debt, the IMF said Wednesday.
The money that foreign workers send home will shrink by $15 billion this year, as the global economy limps along, the World Bank projects.
President Barack Obama reached out to citizens of the world Tuesday, saying in an op-ed piece that ran in 31 newspapers around the globe that there is an urgent need for worldwide economic cooperation.
President Obama reached out to citizens of the world Tuesday, saying in an op-ed piece that ran in 31 newspapers around the globe that there is an urgent need for worldwide economic cooperation.
The Treasury Department unveiled its long-awaited plan to remove many of the troubled assets from banks' books Monday, representing one of the biggest efforts by the U.S. government so far aimed at tackling the ongoing financial crisis.
When the economic downturn took hold last autumn, the management team at non-profit Kiva.org made a calculated bet to curb investment, anticipating that donors would slow the volume of small loans they make to entrepreneurs in the developing world. That slowdown never came. Now, the non-profit site is racing to keep up with user demand even while planning to bring its unique form of charity to the U.S.
The G-20 meeting in London, England, on April 2 will be watched by the entire world with urgency and with a yearning for hope, vision and programmatic clarity.
The global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years, the International Monetary Fund says.
Is the current downturn merely a severe slump, or are we facing a second coming of the Great Depression? That's the question everyone is asking these days. But Ray Dalio, founder of Bridgewater Associates and manager of what is now the world's biggest hedge fund, has been preparing to answer it for eight years.
As we mark International Women's Month in March, it is encouraging to see that the movement to recognize the vital role that women play in families, nations and economies has been building for more than a decade and that developments in the past few years have shown that real progress has begun to take hold.
The World Bank cut China's economic growth forecast in 2009 to 6.5 percent Wednesday, down a full percentage point from November's projection.
The April 2 meeting in London of the major world economies known as the G-20 could be the most important global economic gathering since 1944, when the Bretton Woods conference reshaped the old order near the end of World War II.
The government's economic recovery efforts have brought many new and unfamiliar financial terms into the conversation. Here's a list of some we think are vital to understanding the recession and the government's attempts to fix it:
The number of Americans who think another Great Depression will occur within the next year is on the rise, a poll released Tuesday shows.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
This week is all about the "Road to Rescue" on CNNMoney.com and throughout CNN.
It is axiomatic that to solve a problem, one must first understand it. To that end, I have devoted my spare time in recent months to studying our financial crisis - unearthing its root causes, delving into its manifold consequences and pondering its far-reaching implications.
Bank stocks led a bigger rally Monday morning, as investors looked to extend the recent advance to a fifth straight session.
A year after the government rescued Bear Stearns, the economy has stumbled badly.
Financial experts from 20 nations urged more regulation and oversight of fiscal institutions to help prevent another monetary crisis, as they laid the groundwork Saturday for next month's G20 Summit of world leaders.
U.S. Treasury Secretary Tim Geithner on Wednesday said he wants to expand by ten-fold an emergency international fund that loans money to troubled countries.
President Obama currently has the polls on his side. In numerous surveys, Americans have said they are pleased with Obama's performance thus far and confident the president can fix the economy, acknowledging this will take some time.
The world economy is on track to post its worst performance since the Great Depression, with developing countries bearing much of the economic pain, the World Bank said Monday.
Obama administration officials huddled at the White House Thursday night with non-governmental organizations currently operating in Darfur, after the Sudanese president announced that 13 aid groups must leave the country.
The International Monetary Fund has announced it will send a fact-finding mission to poverty-stricken Zimbabwe next week to assess the nation's "economic situation and prospects."
Sudan ordered a number of international aid agencies to leave the country Wednesday after an arrest warrant was issued for the country's president, a United Nations source in the capital city of Khartoum said.
President Obama and British Prime Minister Gordon Brown said Tuesday that the global economy would recover from the recent sharp downturn but that it would require a common effort to combat protectionist impulses, coordinate economic stimulus efforts and update antiquated regulatory structures.
The U.S. government, saying it needed to prevent broad damage to the financial system, announced Monday that it was again restructuring the bailout of American International Group after the battered insurer reported a staggering $62 billion quarterly loss.
The government has a new remedy for sickly financial giants -- but signs of healing remain scarce.
Troubled insurer American International Group is looking for more help from the federal government as it struggles to sell off assets and keep its core businesses afloat.
On Friday, Feb. 20, investors watched in horror as shares of Bank of America plunged below $3 and Citigroup's stock broke $2, giving the two pillars of U.S. banking a combined market value of $26 billion - far below that of Kraft Foods.
Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008.
It's not as if U.S. Treasury Secretary Tim Geithner doesn't have enough to worry about. Now, American International Group is back. The struggling insurer said on Monday that it continues to "work with the U.S. government to evaluate potential new alternatives". Unfortunately, Geithner is already familiar with the most likely not-so-new scenario.
The government may again have to overhaul its bailout of troubled insurer American International Group.
The Treasury Department offered up details Tuesday for 23 regional banks that received a combined $365 million in the latest round of government bailout funding.
Citigroup may be on the verge of nationalization. But what exactly that means remains to be seen.
Movie ticket sales are way up in this down economy.
Citigroup Inc. is in discussions with regulators about a plan for the federal government to take a larger ownership stake in the bank, according to published reports.
The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday.
The stock market crashed. Wall Street panicked. People stashed silver and gold under mattresses while businesses shut doors across America.
The White House is using only $50 billion from the $700 billion financial industry bailout package to fund the foreclosure prevention program, a senior administration official clarified Friday.
What does it mean to nationalize a bank, anyway?
Bob Hertzberg's audience seems as muted as the dismal gray skies outside.
They walk among us. And they're a heck of a lot scarier than anything George A. Romero ever imagined.
Obama administration officials are hammering out the details of a $50 billion foreclosure prevention program that the president is set to unveil Wednesday in Arizona, sources said.
So much for change you can believe in.
On a day in early February when incoming White House officials under previous administrations would have just been learning how to use their office phones, the Obama economic team is already racing against the clock.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
The Obama administration has promised to fix big financial firms with a helping of "tough love." But even stronger medicine -- such as breaking up troubled banks and starting new ones -- may be necessary.
The Obama administration finally unveiled its plans to fix the ailing banking industry Tuesday. Too bad Wall Street hated it.
Stocks slumped Tuesday, with the Dow industrials ending at a 3-month low, as the government's bank rescue plan failed to reassure investors burned by the 14-month old recession.
Treasury Secretary Tim Geithner defended his financial stabilization plan Tuesday, telling senators it is "fundamentally different" than the one pursued by his predecessor, Henry Paulson.
The federal government's bank bailout just got a lot more complicated.
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