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LONDON, May 20- Low-risk German Bunds fell on Monday in the wake of upbeat U.S. data last week that eased concern about growth in the world's biggest economy, but a bleak euro zone outlook was expected to limit losses.
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UK gross domestic product (GDP) is likely to shrink by 4.5 percent this year, the largest decline since 1945, and recent hopes of recovery are running well ahead of reality, Ernst & Young warned in a forecast released Monday.
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The difficulties faced by CIT Group may help GE Capital as it will allow GE's finance unit more room to diversify, two analysts told CNBC Friday.
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Investors should take a holiday from now on as the best part of the rally is over and now there are more chances that markets would go down, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday.
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We haven't seen the last of the crisis despite all talk about green shoots, and the surge in markets was caused by nothing more than the excess liquidity coming from central banks, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday.
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The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.
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The largest public pension fund in the US has filed suit in connection with in losses that it says were caused by “wildly inaccurate” credit ratings, the New York Times reports.
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The Federal Reserve should have focused on getting the securitization market working again, as it promised last autumn, to avoid situations like that in which lender CIT Group is now, Steve Forbes, CEO of Forbes, told CNBC Tuesday.
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What’s the tipping point for student loans? When they go from being an investment in your future to an anchor dragging you down? When does it make sense to go into a certain amount of debt—debt that you cannot get rid of EVER, even in bankruptcy—and when does a lot of student loan debt become too much?
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Unemployment is likely to rise to 13 percent or higher and will weigh on the economy for several years, countering efforts to stabilize the banking industry, analyst Meredith Whitney told CNBC.
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The readiness of banks to sell foreclosed properties has led to rising home sales in some areas. But the traditional housing market is still dead, the New York Times reports.
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The yen gained this week as the dollar's status as a global reserve currency came under scrutiny as China called for reform of the reserve currency system at a meeting of world leaders on Thursday. Experts tell CNBC the diversification debate will put pressure on the dollar in the long term.
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Global stocks were lower Friday after Chevron's downbeat earnings outlook dragged oil prices and energy stocks down. Concerns about a global economic recovery have also dominated trade this week. Experts tell CNBC that the various stimulus packages have boosted the risk of defaults in developed economies.
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Increasing distrust in the stock market has led investors into Treasurys, even as the government floods the market with billions in debt with no end in sight.
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Global stocks rose on Thursday as the first big U.S. earner out the box, Alcoa posted a smaller-than-expected second-quarter loss, leading basic resource stocks soaring. Experts tell CNBC now's the time to hold some high beta stocks.
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Global stocks were down again on Wednesday as Group of Eight leaders make their way to Italy to discuss the global economic downturn and ahead of the Alcoa's earnings, the first of U.S. companies to report second-quarter results.
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No one argues that the staggering deficits run up by the American government in a bid to rescue the economy are desirable, healthy or even sustainable — not if the national debt continues to swell at its current pace. But considerable debate centers on when and how vigorously to start easing off Washington’s borrowing habit, with substantial risks at both extremes, the New York Times reported.
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A second round of economic stimulus would only steepen the government's debt problems and likely do little to boost the stock market, financial experts say.
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Global stocks were mixed Tuesday as doubts persisted over how sustainable a global economic recovery would be. Experts tell CNBC that while markets may be lower now, they will pick up again by September.
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French workers normally take off much of the summer, but this month, there is something of a revolution going on here at this former royal chateau roughly 30 miles southeast of Paris. The throngs of tourists will be jostling alongside stonemasons, restoration experts and other artisans paid by the French government’s $37 billion economic stimulus program, the New York Times reported.
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Global stocks started the week lower Monday as second thoughts about the U.S. economy's ability to recover soon spooked investors. Experts tell CNBC that increasing your exposure to defensives is a good idea.