Federal Reserve Chair Janet Yellen will have some good news to tell Congress this week about the health of the labor market.» Read More
U.S. Senator Bernie Sanders said he will not vote to reconfirm Ben Bernanke as chairman of the Federal Reserve, in a preview of the rough treatment Bernanke may get this week on Capitol Hill.
The challenge for stock investors is whether to pocket more of the year's gains or ride it out in hopes of a Santa Claus rally.
US markets are bracing for a shakeup Friday after investors fled risk assets globally on concerns about Dubai's debt rescheduling.
A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data, which include jobless claims, durable goods and consumer sentiment.
Risk is on so far this holiday week, but the bigger question is how long will that trade work. Tuesday's calendar is heavy on news about housing and the consumer, including the revision to third quarter GDP.
"The dollar over the next year or two will tend to see downward pressure because our recovery will be fragile and uneven," says one economist.
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010.
It was an extraordinary sight: Warren Buffett and Bill Gates walking around the Columbia University campus in Manhattan with CNBC's Becky Quick, and three TV cameras. During the tour, Buffett and Gates answered Becky's questions on a wide variety of topics. Here, for the first time in a CNBC.com exclusive, is the complete Buffett-Gates 'Columbia Walk and Talk.'
Beyond fiscal stimulus and government bailouts, the economic recovery that appears under way may be based on little more than self-fulfilling prophecy.
Investors will take in a heavy helping of economic reports in the shortened holiday week, but the main course remains the dollar.
Friday's markets have no economic indicators to consider, but Dell's disappointing after the bell earnings could spill into tech stocks.
As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is out of work or under-employed.
Maybe Bernanke really does have some clout: ever since Monday, when Bernanke engaged in unusual jawboning in support of the dollar, the dollar has stabilized and is even in a mild uptrend.
The latest rush to gold is providing plenty of market buzz even on the quietest days.
"Until you get the small business sector back on its feet and get it vibrant, you are basically knocking out about 20 percent of the GDP," said Camden Fine, president & CEO of Independent Community Bankers of America. "And it's hard to have a robust recovery if you have 20 percent of the GDP lagging."
Sometimes stating the obvious and repeating it frequently can be a very effective policy, especially in managing inflation expectations.
You have to love our Fed Chairman who said "we are attentive...to the value of the dollar and will continue to formulate policy to guard against risks to our dual mandate to foster both maximum employment and price stability. Our commitment to our dual objectives will help insure the dollar is strong." I think he said he was worried about the dollar but then he wasn't worried about the dollar. I know I am worried about the value of the dollar as no country I am aware of has ever debased their currency to lasting prosperity.
The low volume nature of the nearly 8-month old market rally has been an ongoing concern, but now the absence of institutional players could be an issue.
"For the ancient Greeks it was the three fates that spun the destiny of life, measuring and finally cutting it short. Now, highlighted by events of the past few days, the unmistakable hands of reserve currency, monetary, and fiscal fates can be seen in the dollar’s latest unraveling," writes author Charles Goyette.
A smart speech by the Fed chief has given investors the green light.