The US economy is in for an extended period of slow growth, but it would be worse if policy makers had not acted aggressively in September 2008, investor Warren Buffett told CNBC.
Sen. Bob Corker (R-Tenn.) wants the Federal Reserve to drop its dual mandate of ensuring price stability and full employment and focus only on containing inflation.
The National Association of Home Builders says its housing market index edged up in November, with many respondents feeling somewhat more optimistic about the prospect for home sales in the near future.
The Fed’s stimulus-oriented policy is counterproductive to its mission: boosting jobs and small business confidence, David Malpass, president of Encima Global, an economic research and consulting firm, told CNBC on Monday.
In spite of Dubai's financial troubles, including the missed payments recently by the financial services company, the Dubai Group, managing director of EFG-Hermes, Matt Wakeman, told CNBC Monday that Dubai is a good place to do business, because of its infrastructure and low taxes.
When the G-20 summit ended, attention focused on American global weakness rather than American global power, with no free trade agreement and intense criticism of recent action by the Federal Reserve,
Whether it's home heating oil or a loaf of bread, inflation is already here. So even if traditional measures don't show major increases, consumers know what they see.
Investors should be overweight in cash, which gives them security as well as the option to take advantage of other investments if prices fall, fund manager Jeremy Grantham told CNBC Thursday.
According to the SBA, one in seven veterans are self-employed or small business owners and about one quarter of veterans say they are interested in starting and buying their own businesses. The percentage is even higher among women veterans, noted the SBA.
A Brazilian bank is getting a $1.5 billion emergency loan from the government to cover what local newspapers say is fraud.
The Fed's recent announcement that it will inject $600 billion more in an effort to help boost the economy, known as quantitative easing or QE2, have left many on Wall Street concerned.
Confidence about the economy over the next six months is rising among CEOs worldwide, with nearly half of the US-based executives expressing optimism, according to quarterly survey by the Young Presidents' Organization (YPO).
The Federal Reserve policy of beefing up its balance sheet—including $600 billion in additional quantitative easing (QE)—could lead to recession by 2013 or 2014, Guggenheim Partners CIO Scott Minerd told CNBC Tuesday
Job openings dropped sharply in September, a sign that hiring is likely to remain weak over the next several months.
Foreign leaders ought to be thanking the Fed for its weak-dollar policies instead harshly criticizing the US central bank, "Dr. Doom" Marc Faber told CNBC.
Longtime central bank critic Rep. Ron Paul, (R-Texas), told CNBC Monday that the Federal Reserve's attempt to stimulate the economy with more liquidity will hurt the dollar and spark inflation.
Consumer borrowing increased in September for the first time since January even though the category that includes credit cards dropped for a record 25th straight month.
Friday's better-than-expected jobs report provided a fairly stark example of what happens when good economic news can be bad for the stock market, and investors probably have the Fed to blame.
Hedge fund legend and investor Julian Robertson told CNBC Thursday that Facebook founder Mark Zuckerberg could be following in the footsteps of Microsoft chairman Bill Gates, who Robertson considers the “greatest American of the century.”
Legendary hedge-fund manager Julian Robertson told CNBC Thursday that no US politician, whether Republican or Democrat, has the courage to make tough decisions that will boost the economy and get the country on the right track.