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Homeowners who are deeply in debt but are current on their mortgage payments should be allowed to refinance without documentation, an investment adviser suggested on CNBC Monday.
While tax rates might have some impact at the margin, I think hiring is driven primarily by the state of business. If a businessperson sees growing demand for his/her products or services and if that growing demand can only be satisfied by the addition of employees, then the businessperson will hire more employees. To not do so would allow the business to stagnate or would allow more aggressive competitors to take market share.
The US economy is almost certain to fall back into a recession, and economists aren't seeing it because they're using "the old rules of thumb," well-known economist David Rosenberg told CNBC.
When I said I thought equities would cool after the Fed decision, I didn’t think they would drop over 2.5% the next day! This is the problem with August and why I was worried about a return of a “Flash Crash” due to low liquidity. Volumes are smaller and movements more extreme in usually a range. This time of year makes everyone nervous.
While stocks fell off again Wednesday, following the Fed's gloomy view of the recovery on Tuesday, two market watchers on CNBC focused instead on how to 'juice' the economy.
American shoppers dug in their heels in July, bad news for the stalling economy and worse for struggling retailers.
Lenders say they are trying to recover some of that money but their success has been limited, in part because so many borrowers threaten bankruptcy and because the value of the homes has often disappeared, reports The New York Times.
Company job openings fell for the second straight month in June, a sign that hiring isn't likely to pick up in the coming months.
Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt.
Tuesday’s action by the Federal Reserve was positive, in spite of immediate market downturn on Tuesday, Jason Trennert, chief investment strategist of Strategas, told CNBC Wednesday.
For many of these long-term unemployed in this recession, the financial and psychological damage will last for years. For most other workers, however, the situation has had a perverse, and mostly overlooked, silver lining.
America is a "Mickey Mouse economy" that is technically bankrupt, according to Jochen Wermuth, the CIO and managing partner at Wermuth Asset Management.
The Federal Reserve will acknowledge the economy is weaker when the Federal Open Market Committee meets Tuesday, but they will not issue a policy statement indicating plans to ease monetary policy, former Federal Reserve Board Governor Laurence Meyer said on CNBC Tuesday morning.
Despite all the anticipation over today's Federal Reserve meeting, there's little else the central bank can do now to help the economy recover, Pimco's co-CEO Mohamed El-Erian told CNBC.
The blame for the uncertainty that surrounds Tuesday’s meeting of the Federal Open Market Committee should perhaps be placed on Federal Reserve Chairman Ben Bernanke's leadership style, or lack of it.
Take the news of the Fed announcement, should it follow this dovish direction, and not look at it is a positive stimulus to the economy, but as a detrimental decision that will hold negative ramifications and here's why.
Small business owners became more downbeat in July as expectations of weaker economic growth in the second half of the year reinforced a reluctance to hire, according to a survey published on Tuesday.
It's a bad time to repeal the Bush tax cuts. I used to agree, but now I’m not so sure. I’m not saying I disagree, just that I’m not so sure. I started to think about it more when I readthat Alan Greenspan supports the complete expiration of the Bush tax cuts.
Talk of stimulus spending simply delaying an inevitable crash is rife and one strategist said that what the market needs is a good, old-fashioned fall in prices to clean up the system.
Credit Suisse analysts have noted that cash and short-term investments as a percentage of assets and market cap is at its highest level among large corporations in the last 20 years. It could signal a coming M&A boom.