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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.
Following Friday’s disappointing US jobs data, Goldman Sachs Chief US economist is calling for quantitative easing 2.0 and additional stimulus measures.
Despite dismal unemployment numbers and increased public distrust of business executives, the MBA is alive and well if you ask the candidates themselves.
Will higher tax penalties on investment really spur jobs and faster economic growth? Most commentators would say no. It’s really a matter of economic common sense. But Tim Geithner says, Yes!
Despite statements from officials and analysts that a double-dip recession will not hit the US, there are some little-watched indicators that are pointing to a downturn in the economy, David Rosenberg, chief economist and strategist at Gluskin Sheff, said in a market commentary note.
Thursday's weekly jobless claims only reinforced what Wall Street already knew—that despite halting signs of improvement, there is no robust recovery.
If shipments into one major U.S. port are any indication, we’re in for a stellar holiday shopping season.
Las Vegas, Nevada may be on its way back after suffering a severe economic downturn brought on by the housing market's collapse, say the local experts. hr<!-- -->
Deflation in the United States threatens economies across the globe, particularly Europe and Japan, John Makin, chief economist at Caxton Associates, told CNBC on Wednesday.