Worries about earnings may have been one big trigger in the market slowdown. But despite fears real and projected, National City's Richard De Kaser tells Renita Jablonski he thinks the recession will be a modest one.
Asian markets all closed in the red today. Renita Jablonski looks into why with Scott Tong in Shanghai, who blames fears of a global recession and explains why investors can no longer rely on emerging markets.
Americans are trying to wrap their heads around the government pouring billions of dollars into U.S. banks. Fortune Magazine's Allan Sloan told Renita Jablonski that it doesn't mean an end to the capitalist system.
Oil prices dropped below $70 a barrel yesterday, something that hasn't been seen in over a year. Now, OPEC will meet next week to consider a production cut. Renita Jablonski talks to Stephen Beard in London.
The U.S. Federal Reserve just teamed up with several other central banks for a coordinated rate cut. The Fed slashed its key rate by half a percentage point. Renita Jablonski explores the move with economist Peter Morici.
The British government announced its move to help the country's banking system by incorporating $90 billion of taxpayers' money. Stephen Beard tells Renita Jablonski why this bucks the trend of government policy.
The E.U. is responding to the financial crisis by going the route of guaranteeing bank accounts -- soon after criticizing other countries for the same move. Renita Jablonski mulls over the move with Stephen Beard