New U.S. single-family homes sales fell sharply in June, suggesting the housing market would struggle to regain momentum.» Read More
As the economy improves, railroad company CSX sees volume growing in most markets except housing, Michael Ward, the company's chairman & CEO told CNBC ahead of a post-earnings conference call on Wednesday.
The US government should stimulate investment in order to ensure solid and sustainable economic growth, not cut taxes, Nobel Prize-winning economist Joseph Stiglitz told CNBC Wednesday.
Most Federal Reserve members appear ready to launch a new round of monetary easing soon because of worries that the US economy is not recovering fast enough, according to minutes of the cental bank's September meeting.
Read the full text of the minutes from the Federal Open Market Committee's Sept. 21 meeting here.
Concerns linger over large state debt as a new report released today, by the Kellogg School of Management, estimates an additional $574 billion is unfunded liabilities from pension plans at the city and county levels.
Institutional Investor’s All-America Research Team, now in its 39th year, celebrates the nation’s top sell-side equity research analysts, as determined by the world’s leading money managers.
The financial crisis has left behind a "slow disease" that is eating into financial markets, and this is obvious in stock prices and currencies, but less so in bonds for the moment, Mohamed El-Erian, CEO and co-chief investment officer of Pimco, told CNBC Tuesday.
Regulators are struggling to create a global mechanism that could wind down a big financial institution without the disruption caused by Lehman Brothers’ collapse in 2008, reports the Financial Times.
Seniors prepared to cut back on everything from food to charitable donations to whiskey as word spread Monday that they will have to wait until at least 2012 to see their Social Security checks increase.
Market participants are now virtually certain that the Federal Reserve will announce that it will resume buying assets, and do so in a sizeable way, according to an exclusive CNBC survey.
Precisely because of the obvious failure of the Obama stimulus-spending program to adequately create jobs, the Federal Reserve is moving toward re-priming the pump. It’s the addition of yet another bad policy of dollar destruction to the first mistake of massive spending.
Policy action like the bill against undervalued currencies that passed through the US House of Representatives will make the currency war even worse, Richard Cookson, CIO of Citigroup Private Banking told CNBC Monday.
Dropping out of college after a year can mean lost time, burdensome debt and an uncertain future for students. Now there's an estimate of what it costs taxpayers. And it runs in the billions.
The jobs crisis has brought an unwelcome discovery for many unemployed Americans: job openings in their old fields exist. Yet they no longer qualify for them.
After averting a severe depression two years ago, industrial nations risk losing the recovery, the chief executive of the world's largest bond investor says.
According to several trade groups in the trucking industry, there could be a shortage of drivers next year, and the estimates range from 200,000 to as many as 500,000.
We remain cautious in this environment. High quality blue chip stocks remain reasonably priced, but investors aren't buying these stocks. We have not seen the type of rotation into high-quality, defensive companies that we usually see when the economic backdrop becomes clouded.
Today, the US employment data beat the whisper number of zero to +20, but wasn't strong enough to return US GDP to trend growth of 3.0%. It means the markets should continue to anticipate QE2 with stocks rallying, bonds rallying and the US dollar dropping.
A decision on the next round of buying assets at the Federal Open Market Committee's meeting will be difficult to take as the risk of a double-dip recession has receded, St. Louis Fed president James Bullard told CNBC Friday.
As a scandal unfolds over shoddy preparation of foreclosure documents, the fallout is beginning to hammer the housing market, especially in states like Florida, the NY Times reports.