David Kuo, CEO of The Motley Fool Singapore, remains optimistic on the mainland despite a new report showing that China's debt has soared to two and a half times its economy.» Read More
Pimco's chief economist Paul McCulley, discusses Pimco's Fed forecast.
BRASILIA, June 26- Brazil's central bank cut its economic growth forecast for 2014 and expects inflation to subside after a temporary peak this year, reinforcing expectations that policymakers will keep interest rates steady for some time.
LONDON, June 26- Sterling rallied against the dollar on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations and a downward revision to U.S. The Bank of England tightened lending norms to the housing sector but its measures were less aggressive than many in the market had anticipated.
Former Federal Reserve Governor Kevin Warsh, shares his thoughts on the health of the U.S. economy.
Don't judge this economy by the willingness of investors to buy a hot stock, say Former Federal Reserve Governor Kevin Warsh, sharing his thoughts on the markets, U.S. economy and Fed policy.
Former Federal Reserve Governor Kevin Warsh, explains how Federal Reserve policy is preventing the U.S. economy from exiting the two percent growth trap.
LONDON, June 26- The dollar index languished near one-month lows on Thursday, still held back by surprisingly weak U.S. first-quarter GDP data, which has bolstered expectations that monetary policy will remain loose. In the European session, the focus will be on the British pound and the impact from the Bank of England's report on financial stability.
TOKYO/ SYDNEY, June 26- The dollar languished near one-month lows against a basket of major currencies on Thursday, following a surprise downward revision to U.S. first quarter economic growth.
SYDNEY, June 26- The dollar languished near one-month lows against a basket of major currencies early on Thursday, having been knocked back hard after revised U.S. growth figures for the first quarter came in shockingly weak.
Low expectations and an uptick in capital expenditure offset the poor reading on first quarter growth, says Quincy Krosby, Market Strategist at Prudential Financial.
Jeffrey Zients, Director of the National Economic Council and Assistant to the President for Economic Policy, discusses the surprisingly weak Q1 GDP number, and explains why forecasters are counting on a rebound in Q2.
NEW YORK, June 25- U.S. Thirty-year prices, which were already up on buying by investors rattled by fighting in Iraq, were ahead 17/ 32. Benchmark 10- year notes were up 8/ 32 to yield 2.557 percent, versus 2.586 percent late on Tuesday. "The GDP numbers were worse than expected, and that's in boldface and capital letters," said strategist Lou Brien at DRW Trading in Chicago.
*Monsanto rallies after results; General Mills lower. *Medical Action almost doubles, Owens& Minor to buy.
Discussing whether data showing the final U.S. first quarter GDP contracted means trouble ahead, with Adam Parker, Morgan Stanley U.S. equity strategist and managing director. Parker discusses what investors really care about.
Miguel Azevedo, head of investment banking for Africa at Citigroup, says the growth prospects for Nigeria are "very positive" and that the country's economy is no longer oil-dependent.
CNBC's Bob Pisani breaks down the big drop in GDP. Pisani says the huge revision is due in part to the weaker pace of health care spending.
*Monsanto rallies after results, General Mills lower. NEW YORK, June 25- U.S. stocks edged higher on Wednesday as investors continued to find value in equities over other asset classes despite the latest economic data coming in below expectations.
NEW YORK, June 25- The U.S. dollar slid to a one-month low against a basket of major currencies on Wednesday after weak U.S. gross domestic product and durable goods orders data signalled the likelihood of a continued dovish stance from the Federal Reserve.
*Iraq fighting adds to gains. NEW YORK, June 25- U.S. Thirty-year prices, which were already up on buying by investors rattled by fighting in Iraq, were up 22/ 32. Benchmark 10- year notes were up 13/ 32 to yield 2.541 percent, versus 2.58 percent late on Tuesday.
Discussing the paradox between today's surprisingly bad GDP number and the bull market, with Dan Greenhaus, BTIG chief global strategist, and Jack Ablin, BMO Private Bank Executive VP & CIO.