ROME— Italy has again pushed back its balanced-budget goal, now aiming for 2016..» Read More
Most Western stock indexes will suffer a 10-to-15 percent correction over the coming weeks and hit a low in the middle of October, but that will mark a buying opportunity for the rest of the year, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.
Investors are too pessimistic about the outlook for companies in Europe and they should reconsider because there is real value in the region, James Bevan, CIO of CCLA Investment Management, told CNBC.
The rush to buy gold and the rise in the bond market witnessed this week are not reassuring for investors, as they indicate fears of future troubles in the economy, Dennis Gartman, author of The Gartman Letter, told CNBC Friday.
America’s most credit-worthy borrowers are defaulting on their loans faster than those with poor financial records, according to a report in the Wall Street Journal.
The initial market moves in the wake of the US nonfarm payrolls data may be wrong and could turn out to be a costly mistake for investors wanting to jump straight in, Steven Mayne, head of research at Falcon Securities, told CNBC.
The US nonfarm payrolls number later on Friday will likely make or break the stock market's timid attempts at a rebound after declines in the first days of this month, but predictions for the volatile figure are as far apart as ever.
The Federal Reserve will have to raise interest rates as aggressively as it cut them when it becomes clear the economic recovery has taken hold, to avoid flaring up inflation, Charles Plosser, president of the Philadelphia Fed, told CNBC in an interview.
The price of oil is too high for fundamentals but a lower price would depend on a rally in the US dollar, Stephen Schork, editor of the Schork Report told CNBC Wednesday.
September has historically been a month when stocks rose only if they had fallen in the preceding months, but this does not mean this month should be the same, as conditions now are very different, two market analysts told CNBC Tuesday.
The S&P 500 should rise until September 5, but it faces a "scary" correction after that, Bill McLaren, independent trader, told CNBC Friday.
The recent rally in the stock market is a "real rally," as investors' confidence was battered by fears of a depression earlier this year and now it is coming back, James Paulsen, chief investment strategist at Wells Capital Management, told CNBC Thursday.
The price of oil is set to extend its recent slide and fall toward $66 a barrel, Clive Lambert, director at FuturesTechs, told CNBC.
Stock prices are still below levels seen in the wake of the collapse of Lehman Brothers and improving investor sentiment, along with the need to put cash to work, will push markets higher, Lothar Mentel, CIO of Octopus Investments, told CNBC.
Ex-wives are hot on the heels of the US government in going after thousands of Americans whose secret Swiss bank accounts could soon be open to scrutiny, according to a report from Time Magazine.
The danger of a W-shaped recession is not behind us, because consumers still have to keep spending after the government's money from various stimulus packages is over, says Art Cashin, director of floor operations at UBS Financial Services.
A weaker dollar and government intervention in the markets are to be expected as President Barack Obama reappointed Ben Bernanke as Fed chairman, analysts said.
Ben Bernanke is set to be nominated for a second term as chairman of the Federal Reserve by President Barack Obama. But as Bernanke squares up for another four years at the helm of the central bank, CNBC asks if he is the right person for the job.
A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at Saxo Bank, told CNBC.
Not only has the recession failed to take a bite out of London's restaurants, but a combination of a weaker pound, a temporary tax cut and a surprise boost in disposable income has pushed the closure rate for the capital’s eateries to its lowest since 2000, a survey showed.
The stock market is due for another sharp leg higher before the end of the year and the strength of the economic recovery will be equal to the deepness of the downturn, analysts told CNBC.
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