A lot of people think of it as an Old Boys Club but the truth is, Wall Street likes to hire 'em young, says former trader Raj Mahal.» Read More
Economists are clearly worried about the U.S. falling into a recession, but they also believe the Federal Reserve can help prevent one by cutting interest rates.
Dallas Federal Reserve Bank President Richard Fisher on Monday said the U.S. economy appears to be weathering troubles in housing and financial markets, but it was uncertain how things will play out.
There are 6 1/2 trading sessions until the Federal Reserve says for certain whether it's lowering interest rates. They're apt to be some of the most anxiety-ridden times on Wall Street in years.
Sometimes referred to as Silicon Alley, owing to its purported small size, New York's high technology sector has seldom been seen as a major player.
CNBC talks to the the experts about what investors should do in this market.
An unexpected drop in U.S. jobs raises the chance of a recession, but the decline may signal more of a short-term confidence crisis.
Investors will look in the coming week for any signs of calm returning to distressed money and credit markets and await a signal from Federal Reserve Chairman Ben Bernanke on whether an interest rate cut is imminent.
August non-farm payroll employment dropped by 4,000, the weakest monthly report in four years. Strategists, analysts and economists offer CNBC their insights.
Bush administration officials Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
A surprise drop in U.S. jobs could scare consumers into shutting their wallets during the key holiday shopping season.
International Monetary Fund Managing Director Rodrigo Rato said on Friday he expected a downward revision of IMF world growth estimates for 2007 and 2008 because of global credit turmoil.
Dallas Federal Reserve President Richard Fisher said on Thursday that there is still a lot of analysis ahead before the next Fed decision on interest rates.
The markets are expecting a rate cut. The Federal Reserve is reluctant to give them one. Add to the mix some surprisingly good economic news. What've you got? A lot of confusion.
The action today highlights the great difficulties the Fed is facing. Retail sales are stronger than expected, but the response is modest because there is an underlying sentiment of anxiety about the consumer regardless of the current data. Sell into any retail rally is the mantra of the bears.
Most homeowners probably don't know what it is--or even how to pronounce it. But the London Interbank Offered Rate, or Libor, is having a noticeable impact on adjustable rate mortgages.
Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ultimately slow economic growth, Federal Reserve Governor Randall Kroszner said Thursday.
Treasury debt prices dipped Thursday, as reports of a stronger-than-expected U.S. service sector and job market reduced expectations for a deep cut in official interest rates.
Lehman Brothers Holdings said Thursday it will fire another 850 workers, or about 3 percent of its work force, as it scales back its mortgage lending efforts globally.
U.S. service sector growth held steady in August, although employment conditions deteriorated to their weakest level in nearly five years, according to a report released Thursday.
A gauge of U.S. labor demand was higher in August but recruitment activity recovered lessthan it typically does in the month, in another sign of a cooling job market, a report said Thursday.