This was an extraordinary day in the world of interest rates even in these extraordinary times. Central banks around the world have aggressively cut interest rates and the United States is planning on a mortgage rate cut cram down.
Despite the unexpected drawback in U.S. crude inventories, oil prices continued their fall Thursday, to below $46 a barrel, near four-year lows, as economic fears deepened. As the downturn persists, analysts interviewed by CNBC suggest oil could fall to $20 a barrel.
As markets continued their volatile trade Wednesday, low-risk assets like U.S. Treasuries retained their luster, despite offering the lowest yields in decades. Betting on credit may offer better returns than stocks, some analysts say.
Without question, the Fed is pleased with the outcome of their actions in reducing a housing market interest rate and will be emboldened to do more in this aspect.
The bottoming process has begun in stock markets and now is the time to buy good value US, Chinese and energy stocks, experts tell CNBC.
The yen is set to slip versus the dollar and euro throughout the week as the recent upswing in stock-market sentiment eases investors' fear, Max Knudsen, director of PIA - First.com, told CNBC.
As markets continue to shoot up and then just as quickly tumble, investors should dig deep and find affordable value, Wouter Weijand, chief investment officer of high income equity at Fortis Investments, said Friday.
Has all the volatility in this market left you with indigestion? Maybe there’s relief ahead and we’re not talking antacid tablets.
Don’t heed the hype. This weekend’s G20 Summit will not, and cannot live up the hopes that a new financial architecture will be unveiled. It will likely be little more than a photo opportunity for the political class to demonstrate to their people that they are doing some about the global crisis.
While the government focuses on recapitalizing banks, the Treasury Department shouldn't forget about its initial plan to find prices for toxic assets held by banks, Stephen Roach, chairman of Morgan Stanley Asia, told CNBC Wednesday.
With the end of merger talks between Chrysler and General Motor, there is rampant speculation about what happens next to Chrysler. Sure parent Cerberus Capital would prefer to sell Chrysler as a whole, but the odds of that happening aren't real strong.