U.S. consumer prices rose in June as the cost of gasoline surged, pointing to a gradual build up of inflationary pressures.» Read More
"The buyers who left the market in the latest round are typical first-time buyers," says one market watcher, "but people who continue to stay in the market (are) people ... buying higher-priced homes."
Five years after Hurricane Katrina destroyed New Orleans, the city's mayor said its recovery—slowed by the Gulf oil spill—will take at least another five years.
Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, economist David Rosenberg said Tuesday.
A regulatory filing shows Bank of America CEO Brian Moynihan has bought 30,000 shares of common stock in the company, a possible signal to Wall Street that the executive believes BofA's stock is undervalued.
The US housing market is in a double-dip recession, Moody’s Analystics chief economist Mark Zandi told CNBC Monday.
The U.S. should add income tax brackets for those making $1 million, $5 million and $10 million, a tax and federal budget expert from the think tank the Center for American Progress told CNBC Monday.
While the unemployment rolls are swelling, Carlisle Companies CEO and Chairman David Roberts told CNBC Friday that he wants to hire, but can’t find enough qualified workers to fill the slots.
You can argue the deficit battle must wait until the economy is on more solid footing, but you cannot argue that the tax debate does not have significant impact on the deficit.
Even if you’re on the "staycation" plan this year, your investments can land in exotic places—like Brazil, Indonesia and Mexico—and yield attractive returns in their emerging market bonds.
State unemployment rates have shown only minimal improvements, with 18 states and the District of Columbia reporting decreases in July, 14 showing increases and 18 with no change at all.
The weather was red hot in New York in July, and so was the private sector jobs picture.
An anticipated gradual gain in US employment has turned into a surprising deterioration, and that has economists worried about the increasing threat to the economic recovery.
The Federal Reserve's monetary policy makes inflation—not deflation—a big risk, Michael Pond, a Treasury strategist at Barclays Capital, told CNBC on Wednesday.
With the summer near its close, we took the opportunity on yesterday's show to grade each of the three and gauge their effect on the market.
Bill Gross, a managing director bond giant PIMCO, told CNBC Tuesday that if Fannie Mae and Freddie Mac lowered interest rates for mortgage holders in good standing, it would stimulate the economy, encourage consumer spending, promote job growth and give the beleaguered housing market a much-needed lift.
You have to think about the world and its totality. There is a finite amount of capital, just to plug fiscal deficits the world has to issue $4.5 trillion worth of new debt. But where does this new debt come from?
As the Obama administration hosts a housing conference to address the role of Fannie Mae and Freddie Mac, we should remember that homeownership’s promise was ruined by Wall Street’s recklessness, not by federal policy. To fix the nations’ affordable housing policy, we support bringing the GSEs to their former public-private status, but with some key changes.
How would you fix the mortgage behemoths? Share your opinion.
As part of a growing trend among hedge funds and Wall Street firms, Cold War-style satellite surveillance is being used to gather market-moving information.
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.