SHANGHAI, Jan 26- Iron ore prices hit their lowest in 5-1/ 2 years on Monday despite some loss-making Chinese steel mills curbing output, as ore supplies remained abundant and as concerns persisted about the outlook for economic growth in China this year. The benchmark 62 percent grade iron ore for immediate delivery to China fell 3.9 percent to $63.30 a tonne to...» Read More
As falling off the "fiscal cliff' becomes more plausible, investor confidence is slipping and the markets are following suit. What does this mean for your portfolio in the New Year? Varick Asset Management's Alison Deans forecasts the potential impact on the markets and the economy overall in 2013.
A number of experts are saying that small business will get hit the worst if we go over the fiscal cliff. Gene Marks of The Marks Group, explains why it's a mistake to generalize that more than 20 million small businesses nationwide will be affected.
CNBC's Eamon Javers reports the House is set to reconvene on Sunday; and discussing all sides of the fiscal cliff talks, with Brian Kelly, Shelter Harbor Capital; Ken Heebner, Capital Growth Management; Rep. Aaron Schock (R-IL); Joy-Ann Reid, Miami Herald columnist; and Jonathan Collegio, American Crossroads.
A four-year cycle in the stock market suggests that a couple of sectors are going to lead us lower, says Barry Sine, Drexel Hamilton director of research.
CNBC's Michelle Caruso-Cabrera reports retired general Norman Schwarzkopf has died at 78. EPA Chief Lisa Jackson announced she is stepping down today. Chris Horner of The Competitive Enterprise Institute and author of "Liberal War on Transparency," provides perspective.
The Fast Money traders discuss the WSJ report that 2013 is the "do-or-die" moment for retail stocks including JC Penney; and Barry Sine, Drexel Hamilton, discusses whether the market's weakness will continue in 2013.
What to watch ahead of the market open, with Art Cashin, UBS. "We're watching for little signs, like will the Treasury ask companies to change their withholdings," he explains.
President Obama is in Hawaii on vacation, and Washington lawmakers are on holiday. CNBC's Hampton Pearson reports the latest on the stalemate in Washington on a deal to avert the fiscal cliff.
Discussing what's at stake for retailers this holiday season, with Lori Wachs, Cross Ledge Investments co-founder. "Things have been a bit choppy the last few weeks, so it's really been critical that these last few days come through," she says.
CNBC's Jane Wells reports from Glendale, California, for a check on last-minute shoppers.
Market predictions for the New Year, with CNBC's Steve Liesman and Larry McDonald, Newedge. "Short-term, the market upside in the next 30 days will depend on whether the President gives on the debt ceiling," explains McDonald.
Discussing the state of the U.S. markets amid concerns over reaching a fiscal cliff deal before its deadline, with CNBC's Rick Santelli and Scott Nations of NationsShares.
Discussing just how politically damaged Speaker Boehner is after failing to bring Plan B to a vote, and what kind of resolution could come on the fiscal cliff, with Ben White, Politico and Jason Trennert, Strategas Research Partners.
The verdict is still out on 2012's holiday shopping season, reports CNBC's Jane Wells.
Discussing the state of the markets, and the impact global liquidity is having on the economy, with Christopher Sheldon, The Dreyfus Corporation CIO.
Jason Trennert of Strategas Research Partners, explains why he thinks some U.S. stocks are headed towards a "nifty fifty" trend.
CNBC's Sharon Epperson reports the next decade is crucial for the U.S. in reaching energy independence; and discussing what investors can expect from energy prices in 2013, with Jason Gammel, Macquarie Securities.
Dana Telsey, CEO of the Telsey Advisory Group, assesses what retail trends in 2012 suggest for 2013's market. Jason Trennert, Strategas Research Partners, weighs in.
Former Italian Prime Minister Silvio Berlusconi says he will run for Italian PM if the party asks him to, and that he has been sentenced to four years in prison due to tax fraud, reports CNBC's Michelle Caruso-Cabrera.
How difficult could the first 6 months of 2013 be if the U.S. goes over the fiscal cliff? Jason Trennert, Strategas Research Partners, weighs in. "I didn't think there was a chance we would go over, until the last couple of days," he says.