April 24- D.R. Horton Inc, the top U.S. homebuilder, reported an 18 percent rise in quarterly profit as a short supply of houses on the market allowed it to raise prices. The housing market had been under strain for the past few months from higher mortgage rates that sidelined potential buyers, but D.R. Horton said in January it expected a strong spring selling season.» Read More
The Dow Jones U.S. Home Construction index has regained much of the ground lost in the second half of 2013, when rising mortgage rates and wider economic uncertainty broke an 18- month winning streak for homebuilder stocks. The average forecast covers D.R. Horton Inc, PulteGroup Inc, Lennar Corp, KB Home and Toll Brothers Inc..
ISTANBUL, April 15- An annual meeting of Turkey's central bank on Thursday will be closely watched for signs that Prime Minister Tayyip Erdogan's government, strongly opposed to high interest rates, is trying to boost its influence over monetary policy.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark interest rates.
With recent signs that housing may be slowing down a bit, Nobel Prize-winning economist Robert Shiller told CNBC on Tuesday that he'd still describe the recovery as strong.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar and Japanese yen.
Robert Shiller, Yale University economics professor, shares his thoughts on the pulse of the housing recovery. The components are showing weakness right now, says Shiller.
WASHINGTON, April 15- U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month as a rise in food and shelter costs offset a decline in gasoline prices.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark rates.
LONDON, April 15- Ukraine's hryvnia jumped from recent record lows on Tuesday after a 300- basis-point interest rate rise but ratcheting tensions with neighbouring Russia kept up pressure on regional as well as broader emerging markets.
The economy has not shown the ability to create inflation, says Lou Brien, DRW Trading Group, discussing his outlook on Treasurys.
WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising slightly and rates on six-month bills unchanged. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.035 percent, up from 0.030 percent last week.
*Fed buys $1.02 billion bonds due 2036-2044. NEW YORK, April 14- U.S. The data showed that growth is recovering from weather-related weakness, said Ian Lyngen, an interest rate strategist at CRT Capital in Greenwich, Connecticut.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar/yen.
*Fed to buy $900 million to $1.15 billion bonds due 2036-2044. NEW YORK, April 14- U.S. The data showed that growth is recovering from weather-related weakness, said Ian Lyngen, an interest rate strategist at CRT Capital in Greenwich, Connecticut.
How Fed action and the move in rates might impact U.S. economic growth, with Drew Matus, UBS managing director, and Jonathan Golub, RBC chief U.S. market strategist. Golub says the sell-off is "probably over."
Discussing views from the IMF and World Bank meetings over the weekend on emerging markets and Ukraine, with Alberto Ades, Bank of America Merrill Lynch.
Nizam Idris, Managing Director and Head of Strategy, Fixed Income & Currencies at Macquarie, explains why only talk of a rate hike can unleash the dollar bulls.
CNBC's Tyler Mathisen looks back at the week's top business and financial stories. It was a gloomy week on Wall Street, low rates seem here to stay, and the economy continues to grow, at least according to the data.
DETROIT, April 11- Detroit's plan to get out of bankruptcy cleared a major hurdle on Friday when a U.S. Bankruptcy Court judge approved the cash-strapped city's third attempt at settling costly interest-rate swap agreements with two investment banks.
CNBC's Rick Santelli takes a look at the drop in bond yields, and action in the Japanese yen against the U.S. dollar.