Finance Banks

  • WASHINGTON, Aug 26- For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed policymaker and other...

  • NEW YORK, Aug 26- U.S. stocks were lower in a choppy session on Friday, with stocks bouncing between gains and losses as investors grappled with the possible timing of a U.S. interest rate hike after comments from Federal Reserve officials, including Chair Janet Yellen. The S&P 500 rose as much as 0.7 percent in the wake of a speech by Yellen in Jackson Hole, Wyoming...

  • *Yellen, Fischer comments on rate hike hit Wall Street gains. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The dollar's reaction was almost...

  • JACKSON HOLE, Wyoming, Aug 26- To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual policy...

  • JACKSON HOLE, Wyo., Aug 26- The case for a U.S. interest rate hike has strengthened in recent months, Federal Reserve Chair Janet Yellen said on Friday in a speech that left the door open for such a move as early as next month. Yellen, speaking at an international gathering of central bankers and academics in Jackson Hole, Wyoming, did not say when the U.S. central bank...

  • JACKSON HOLE, Wyoming, Aug 26- To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual policy...

  • Aug 26- Wall Street reversed course to trade lower on Friday afternoon after hawkish comments from Federal Reserve Vice Chair Stanley Fischer raised the specter of a rate hike as soon as next month. Fischer's comments came shortly after Fed Chair Janet Yellen said the case for increasing interest rates had strengthened, but did not indicate when the Fed would...

  • *STOXX Europe 600 index up 0.5 pct. MILAN, Aug 26 (Reuters)- European shares rose on Friday after Federal Reserve chair Janet Yellen gave no firm indication about when the Federal Reserve might raise interest rates, encouraging markets after hawkish comments from Fed policymakers last week. "Markets had been half-expecting some hawkish noises around a possible...

  • NEW YORK, Aug 26- U.S. Treasuries prices fell on Friday as investors evaluated whether the Federal Reserve is likely to raise interest rates at its September meeting, following hawkish but still noncommittal comments by Fed Chair Janet Yellen. No, it's just maintaining optionality, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • overheated car engine

    Delinquencies in subprime auto loans are on the rise, and that could signal bad news for lenders and automakers.

  • "It is only a matter of time before another cyclical downturn calls for aggressive negative nominal interest rate policy actions," concludes Marvin Goodfriend, a professor of economics at Carnegie Mellon University and a former policy adviser at the Richmond Federal Reserve bank. They have already been introduced in the Euro area, Switzerland, Sweden and...

  • DUBLIN, Aug 26- U.S. jobs data top economic readouts from around the world next week as global markets begin to return to business as usual following a typically quiet August with the calm broken on Friday by comments from Federal Reserve Chair Janet Yellen. Speaking at a three-day international gathering of central bankers in Jackson Hole, Wyoming, Yellen said...

  • Aug 26- Wall Street rose on Friday after Federal Reserve Chair Janet Yellen said the case for increasing interest rates had strengthened, but did not indicate when the Fed would raise rates. "She's certainly tried to make a case, but the market doesn't believe that the Fed is going to actually raise rates," said Brent Schutte, chief investment strategist at...

  • JACKSON HOLE, Wyo., Aug 26- The case for a U.S. interest rate hike has strengthened in recent months because of improvements in the labor market and expectations for solid economic growth, Federal Reserve Chair Janet Yellen said on Friday. Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that such a move could...

  • LONDON, Aug 26- Sterling hit a three-week high against the dollar on Friday, supported by solid UK growth and business investment data and after Federal Reserve chair Janet Yellen gave no firm indication that the central bank would raise interest rates next month. She did, however, say that the case for rate rises had strengthened, echoing comments from other...

  • *Says will help India meet inflation objectives. MUMBAI/ NEW DELHI, Aug 26- India's central bank governor Raghuram Rajan welcomed on Friday the appointment of Urjit Patel as his successor, calling him a close ally and saying it would ensure continuity in meeting the country's inflation objectives. Patel, currently a deputy governor at the Reserve Bank of India,...

  • William Stiritz

    Herbalife shareholder Bill Stiritz tells CNBC he still believes in the Herbalife business.

  • *Yellen says case for rate hike has strengthened. Aug 26- Wall Street was higher on Friday morning after Federal Reserve Chair Janet Yellen said the case for raising U.S. interest rates has strengthened in recent months. Yellen, speaking before a gathering of global central bankers in Jackson Hole, Wyoming, did not indicate when the Fed would raise rates, but said...

  • Janet Yellen

    Wall Street banks get a lift from Janet Yellen's comments as the market begins to price in a near-term rate hike.

  • JACKSON HOLE, Wyo., Aug 26- The case for raising U.S. interest rates has strengthened in recent months because of improvements in the labor market and expectations for moderate economic growth, Federal Reserve Chair Janet Yellen said on Friday. Speaking at a three-day international gathering of central bankers in Jackson Hole, Wyoming, Yellen said the "U.S....

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.