NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.» Read More
New York Governor David Patterson and New Jersey Governor Jon Corzine sounded off on the economy, Wall Street and regulation on Monday.
Investors continued to be rattled by worries that the prolonged credit crisis has already pushed the global economy into a recession.
While employees in the financial sector have undoubtedly borne the brunt of recent job losses so far, more and more workers at all levels are facing an uncertain future, and find themselves facing a key question: "Where do I go from here?"
The latest inflation and jobs data were somewhat better than expected, but the industrial sector showed continued weakness.
Treasury Secretary Henry Paulson said the U.S. government's banking rescue plan is designed to spur private investment in financial institutions, and told CNBC that the FDIC interbank lending guarantee that's part of the plan will kick in immediately.
Now that the US consumer has finally hit the wall, there’s growing speculation that the Federal Reserve will push its interest-rate pedal to the floor.
AIG's former CEO said the company has “more than enough” assets to cover the $85 billion loan it received from the U.S. government, while inflation numbers took an unexpected turn for the worse and retail sales slumped again in September. Following are today's top videos:
The following is the full text of the Beige Book released by the Federal Reserve on October 15, 2008 and based on information collected on or before October 6, 2008:
Global credit markets continued to show signs of thawing, but worries about a world-wide recession loomed over markets.
Inflation took an unexpected turn for the worse, while retail sales slumped again in September, complicating the Fed's interest rate policy in the coming months.
Gilded nameplates aside, being CEO is still a job. Jobs come with responsibilities, and with the natural expectation that these responsibilities will be fulfilled.
Paul Krugman, Princeton University professor and winner of the 2008 Nobel Prize for Economics, told CNBC that the new rescue plan, which will inject $250 billion into U.S. banks, “looks much better.”
It's hell being a CEO or CFO these days. Well, try blogging. No sooner do I write something than it becomes outdated. So I'm going to blog about last week in hopes that history doesn't rewrite itself overnight.
With legendary investor Jim Rogers warning that repeated liquidity injections are setting the stage for a massive inflation holocaust, it’s worth asking if deflation may be as great a threat of the global financial crisis.
The U.S. government has to come up with more broad-based solutions to the financial crisis, following the example of the UK which pledged to part-nationalize financial institutions to defend its banking sector, billionaire investor Wilbur Ross, WL Ross & Co. CEO, told CNBC on Friday.
Like a married man being interrogated by his wife about an alleged extramarital affair, Lehman Brothers CEO Dick Fuld sat in front of the House Committee on Oversight and Government Reform on Monday for nearly two hours.
If you lose your job or you leave your job (not something I'd recommend right now--this is a cling to your employer moment) and you've got some money in a 401(k) plan, should you roll it over into an IRA? The conventional wisdom says yes.
Below are the minutes released by the Federal Open Market Committee after its Sept. 16 meeting on interest rate policy:
Cries for a rate cuts from central banks across the world are growing, but the arguments against such a move aren't going away.
A study presented to the House Steering Committee on Telehealth and Healthcare Informatics earlier this year cited that the country's health care system will require 40,000 additional health IT professionals (close to 40 percent) as the nation moves toward wider IT adoption.