Jack Ablin, BMO Private Bank executive VP & CIO, and David Kelly, JPMorgan Funds chief global strategist, discuss when the Fed will likely taper. "We are going move away from taper and put an emphasis on forward guidance," says Ablin.» Read More
Bond giant Pimco has begun buying the high-yield debt of battered energy company BP, Pimco CIO Bill Gross told CNBC.
The Collins amendment, requiring fixed capital ratios for some banks, to the financial regulations reform bill isn’t needed, the Robert Kelly, the CEO and chairman of Bank of New York Mellon , told CNBC Wednesday.
The 10 yr German-Spanish debt spread has widened to 218 pts after a reports have circulated regarding Spanish banks massive borrowing from the ECB and the potential for an IMF, EU and US led $250 billion loan to the country (later denied).
The stock market wants to go higher though. It is sloughing off bad news. Be it a headline in the Wall Street Journal that says Spain is in trouble financially, Greece being downgraded by a rating agency or German sentiment taking a downturn, the market forges ahead. I guess bad news is just the formula for a rising market.
There are times when stimulus is the only way to go – as the Chinese clearly realized a year and a half ago. They stimulated their economy by about 2-1/2 times the amount that the U.S. stimulated, as a percentage of GDP. Now China has a strong economy and the U.S. is growing modestly – in part because we stimulated too timidly.
Global bonds guru Bill Gross, chief investment officer of Pimco, told CNBC Wednesday that he is making a shift towards equities.
Another solid close for European bourses today, with many markets closing at or near session highs.
The recovery will continue to be steady, but “sluggish and choppy” with a 1 ½ percent growth rate, and unemployment will remain high, at between 9 and 10 percent, for the next 18 months, Jan Hatzius, chief US economist of Goldman Sachs, told CNBC Tuesday.
The Shanghai Composite Index fell 23 percent since the beginning of the year, largely due to concerns over global economic fragility and fears of China’s property market overheating. Given the correction, is it a good time to buy China equities? Well, if you believe in the China growth story, then China is worth looking at now.
Herman Van Rompuy, president of the European Union, has blamed the strength of the euro in recent years for blinding the eurozone to its underlying fiscal problems. The Financial Times reports.
An ad placed in Japanese magazines by the Ministry of Finance shows that sometimes truth is stranger than fiction.
Many of the European Union's biggest banks passed Moody's 'stress test' designed to gauge exposure to debt in Greece, Portugal, Spain and Ireland, the rating agency said in a statement Friday.
Is it time for Europe to copy America and conduct public, detailed bank "stress tests"? That question is haunting the transatlantic policy debate — and global markets.
Cramer goes one-on-one with the Oklahoma Republican about the country’s growing financial problems.
Portugal raised about 1.5 billion euros yesterday and Spain 3.9 billion euros today in auctions that were surprisingly oversubscribed.
It is the season for economic forecasts, and I have been polled by several published surveys. Here is my response.
The United States is a decade away from being Greece, if it fails to get on the path of fiscal responsibility, former US Comptroller of the Currency David Walker told CNBC Thursday.
This crisis is a “pure government debt crisis,” not one of the financial markets, and it is the regulators and the politicians' jobs to notice the bubbles that cause crises, said Karsten Schroeder, chairman of Amplitude Capital. He shared his insights.
The trade deficit, along with the credit and housing bubbles, were the principal causes of the Great Recession. Now, a rising trade deficit and continued weakness among regional banks, still burdened by bad loans, threatens to stifle the emerging recovery and keep unemployment near 10 percent through 2011.
A group of 51 German millionaires and billionaires founded a Club of the Wealthy and wrote to Chancellor Angela Merkel proposing to give up 10 percent of their income in the form of a "Rich Tax" for 10 years to consolidate the budget.