*Bank of Canada holds key rate at 1.0 percent. *Says risks of low inflation appear to have increased. OTTAWA, Dec 4- The Bank of Canada held its key interest rate steady on Wednesday but sounded a touch more dovish in its outlook, saying the risks of undesirably weak inflation appeared greater than they did six weeks ago.» Read More
U.S. stock index futures pointed to a sharply lower open for a holiday-shortened session Friday, mirroring losses in European and Asian markets after Dubai announced the first step of restructuring some of its debt.
The U.S. will need to eventually enact national value added tax in order to raise revenue and decrease its deficit, Paul Donovan, MD & deputy head of global economics at UBS, said Thursday.
The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer, and the White House estimates that the tab will exceed $700 billion a year in 2019, the New York Times reported.
For the first time in a decade, more people paid their credit card bills on time in the third quarter this year than in the second quarter.
An auction to determine the value of Washington Mutual's credit default swaps priced them at $0.57—below the initial price of $0.63625 set in the auction.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
The coroner’s report left no doubt as to the cause of death: toxic loans. That was the conclusion of a financial autopsy that federal officials performed on Haven Trust Bank, a small bank in Duluth, Ga., that collapsed last December, the New York Times reported.
A certain segment of the hedge fund industry is in the midst of evolving. The evolution of these hedge funds is apparent in their shift from focusing on short-term gains to long-term maximization of value.
Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems.
Goldman Sachs apologized for the role it played in the financial crisis, by taking part in the credit boom which preceded the bursting of the bubble the Financial Times reported Wednesday.
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
Governments and companies will soon find themselves battling over the small supply of private savings available, paving the way for another recession, Ron Napier, head of Napier Investment Advisors, told CNBC Monday.
The crisis is not over as unemployment is likely to continue rising for the next 10 to 11 months, Dominique Strauss-Kahn, managing director of the IMF, told CNBC Thursday.
The 10 largest companies bought by private equity companies are performing worse than similar stand-alone companies or smaller private equity deals, according to a new report from Moody’s, the rating agency.
Investors typically buy foreign bonds as protection against inflation but some strategists say they're really more of a bet against the dollar.
To deter lawsuits, many estate plans include a no-contest clause, which provides that anyone who formally challenges the plan gets nothing, according to the New York Times.
On a surface level it may seem like the United States' debt position, the biggest in the world, is also the worst. But when the numbers are looked at on a more relative basis, the total amount of debt owed by the US, although still quite high, seems more reasonable than that of other nations... at least for now.
Even if governments withdraw the trillions of dollars of stimulus in time to stop prices soaring, people won't want to keep their cash in the safe at the bottom of the wardrobe forever. So whether you've got $100 or $100 million in the bank, you're going to need the expertise.
When Dr Doom says the dollar carry trade is about to come to an end and the greenback will soar as equities crash you have to, at the very least, take his predictions seriously. His view is based on the assumption that there is a so-called ‘Wall of Money’ driving recent equity gains and other assets like gold and oil.
Simply beating the street with profits appears to no longer be enough to boost stocks. Investors want sales to beat if they are going to buy.