Andew Economos, Head of Sovereign & Institutional Strategy, Asia at JP Morgan Asset Management tells CNBC's Cash Flow that the start of tapering could spark a final rally on the U.S. markets.» Read More
The week's top business news and investment advice, including debt bets and commodities plays.
A difficult week on Wall Street came to a dismal end, with storm clouds of another recession and a crippling debt crisis circling overhead and dampening investor appetite for risk.
Wall Street was heading out of July on a negative note, with a sharp selloff at the open triggered by the debt impasse in Washington and news that economic growth was even more anemic than expected.
Stock index futures pointed to a weaker open for Wall Street on Friday after U.S. House of Representatives Speaker John Boehner failed to rally enough support for his plan to raise the debt ceiling before Tuesday’s deadline.
As Republicans failed to agree a plan to raise the US debt ceiling, Dennis Gartman, author of The Gartman Letter, warned that the US stock market was a dangerous place at the moment.
"The world’s financial system could face losses equivalent to that of Lehman’s failure by August 15, and then again on the fifteenth day and the last day of every month until default is rectified,” says one chief economist.
Mark Mobius, Executive Chairman at Templeton Emerging Markets Group tells us why he does not think there will be a recession in the U.S..
Richard Bove, Vice President, Equity Research Financial Sector at Rochdale Securities suggests taking a defensive stance on equities -- asset protection instead of bold allocation.
Stocks reversed course in the final hour of trading to end lower Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks declined in the final hour of trading Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks added to gains Thursday, led by techs, after a handful of positive economic news and ahead of a key vote on a bill to cut the U.S. deficit in Congress.
Futures gained Thursday after weekly jobless claims fell more than expected, but investors continue remain on edge ahead of a key vote on a bill to cut the U.S. deficit in Congress.
The current political turmoil may put technical levels for stocks at risk, Philippe Gijsels, the head of research at BNP Paribas Fortis Global Markets in Brussels, told CNBC.com in an interview Thursday.
The nation's health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report out Thursday.
In the very unlikely event that the United States defaults on its debt obligations, the country's economy would contract by 5 percent and stocks would fall by nearly a third, according to Credit Suisse.
With the clock ticking in Washington DC and Congress desperately trying to find an agreement on raising the debt ceiling, the greenback is heading towards levels last seen in the fall of 2008, when it reached its lowest point over the past 10 years.
Christopher Mittleman, CIO, Mittleman Brothers Investment Management says markets will need to endure a lot of volatility until a debt decision is made, and congress needs to see this through.
Stocks ended sharply lower Wednesday, following a Fed report that said pace of economic growth moderated in many districts and amid growing uncertainty over the ongoing debt talks in Washington.
Even a debt deal may not prevent a rating cut for U.S. debt. Here's what it would mean for the dollar, and what you can do.
Stocks slumped for a third session Wednesday following an unexpected drop in durable goods orders and as worries escalated over a possible U.S. debt default.