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Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini, who predicted the 2007 financial crisis, wrote in a research paper.
Unemployment rose in most states in January—even breaking records in several states, according to government data released Wednesday.
The Burj Khalifa's owner says the observation deck of the world's tallest tower has been unexpectedly shut down little more than a month after it opened.
The U.S. economy will slip back into recession in the second and third quarter of 2010 as the boost from fiscal stimulus measures and inventory rebuilding wears off, James Shugg, senior economist at Westpac Bank, told CNBC Wednesday.
Like every other decade, the last 10 years were filled with highs and lows. What may make this decade stand out more than others are the extremes.
A funny thing happened on the way to Armageddon. The world did not end. While many of us preached doom a year ago, some were sellin’ the hope. Here are predictions for 2010, which are also a bit bold and optimistic.
In keeping with Warren Buffett's long-term way of looking at things, we bring back our timeless and time-tested predictions to mark the coming new year.
The loan exposure of the top 10 foreign banks to the UAE at the end of 2008.
Celebrated technical analyst Robert Prechter says we’re at a critical juncture in price and time and "all the bells are ringing on the negative side."
With talk of billions upon billions being passed around, it’s easy to lose perspective on how much money $1 trillion or even $1 billion really is.Â
Throughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.
With the most recent data from the US Energy Information Administration, here are the countries with the biggest proved oil reserves.
The United States has lost its perch as the global financial center of the world, something economist Nouriel Roubini attributes to the lingering effects of the 2008 credit collapse.
The dollar index could tank another 10 percent or more over the next six months, and the recent rally in gold can continue to push stocks higher, Chris Zwermann, global strategist at Zwermann Financial, told CNBC.
From New York City and Los Angeles to Omaha and Anchorage to get a picture of how diverse local real estate markets across the country really are, and how much they have changed since 2007.
The price of gold will continue to rise and outperform stock markets and could go as high at $2,000, depending on the strength of the S&P 500 index, according to Chris Locke, managing director at Oystertrade.com Management.
Britain's The Independent newspaper on Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
Employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, fueling fears the weak labor market could undermine economic recovery.
Russia's monthly oil production exceeded 10 million barrels per day in September for the first time, nearly 25 percent more than the total pumped by nearest rival Saudi Arabia as OPEC persists with output cuts.
A major earthquake struck off the city of Padang on the coast of Indonesia's Sumatra island on Wednesday, damaging houses, bringing down bridges and starting fires, a witness said.



