CNBC's Rick Santelli discusses how today's jobs number is impacting the dollar/yen trade, yields, and the financial sector.» Read More
Several points stand out in Mr. Bernanke's press conference.
In retrospect, Tuesday’s big rally in the stock market wasn’t hard to figure out. The market did what it almost always does the first day of the month.
Central bankers compare to the devil, America needs a heart transplant, and financial advisors “have failed miserably” in their most important goal, Pimco’s Bill Gross says.
Global inflation is far higher than official statistics reveal, Marc Faber, editor and publisher of the “Gloom, Boom and Doom” report told CNBC on Wednesday, with increases in the cost of living amounting to between five and eight percent in the United States and just below that in Europe.
Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in Egypt — or the greater Arab world for that matter?
From riots to tighter monetary policy, food inflation will continue to drive global instability. Watch to see if foreign politicians and central bank governors begin to ramp up their criticism of the US Federal Reserve monetary policy that is perceived as a cause of the global inflation.
As we know, massive popular unrest has broken out against autocratic governments in North Africa and the Arab world. Egypt is the biggest story. But to varying degrees, the people have taken to the streets in Algeria, Jordan, Libya, Morocco, and Yemen.
The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.
Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.
The US central bank has had an abysmal track record over the preceding three years when alerting investors about the direction of unemployment and gross domestic product.
Following is the full text of the statement from the Federal Reserve's Federal Open Market Committee issued on Wednesday following a two-day meeting on monetary policy.
The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a Congressional inquiry. The New York Times reports.
Whether they be Japanese housewives or folks in India and Indonesia energy and food prices matter – big time.
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers, the New York Times reports.
Albert Edwards, a global strategist at Societe Generale well known for his bearish stance, said late Monday he has got it wrong and that he has been too bullish.
The economy has improved in the last six months, signaled by greater consumer spending, durables purchases and some signs of increased investment, Daniel K. Tarullo, Federal Reserve governor, told CNBC Friday, echoing what his boss, Chairman Ben Bernanke said on Thursday.
Federal Reserve Chairman Ben Bernanke's approach to stopping the financial crisis by printing money is wrong, as the private sector is still unable to pay its debts, Richard Duncan, the author of 'The Dollar Crisis: Causes, Consequences, Cures' wrote Friday.
Federal Reserve Chairman Ben Bernanke said Thursday that the US economy is strengthening, with three to four percent growth likely this year, but that it won't reduce unemployment "at the pace we'd like it to."
On Friday, Federal Reserve Chairman Ben Bernanke dismissed the possibility that the central bank would intervene in the municipal credit markets.
These are the earnings reports and data points to watch.