CNBC's Tyler Mathisen looks back at the week's top business and financial stories. It was a big week for Facebook. Not so big for Amazon.» Read More
Everyone was waiting for a catalyst to end the bull market—the downing of Flight MH17 plane may be it, says hedge-fund manager Todd Schoenberger.
BRASILIA, July 18- The market is getting ahead of itself if it thinks Brazil's central bank could start cutting interest rates again to rescue a weakening economy, a member of the government's economic team told Reuters.
Discussing current investment strategy, and the potential timeline and impact of higher interest rates, with Richard Scott, Loews CIO.
CNBC's Tyler Mathisen looks back at the week's top business and financial stories.
WASHINGTON, July 18- The U.S. Treasury asked big Wall Street brokerages on Friday if Washington should start borrowing money over extremely long periods, a move that would potentially help the government capitalize on current low interest rates.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
With the prospects for U.S. economic growth starting to look up, analysts are divided over whether that should mark a sell signal for markets.
CNBC's Steve Liesman reports what St. Louis Fed President James Bullard had to say about monetary policy, and the Federal Reserve's goals.
Official: Malaysian passenger plane carrying 295 people shot down over Ukraine Senate hearing investigating recalls targets GM's legal staff Microsoft to cut up to 18,000 jobs over next year, largest layoffs in company history US stocks move slightly lower as traders digest mixed economic and earnings news; Mattel sinks US home construction drops 9.3 percent in June to rate of 893,000, slowest pace in 9 months Average US mortgage rates decline slightly this week with 30- year dropping to 4.13 percent Airbus beats Boeing at Farnborough with nearly orders valued at nearly twice as much On a roll with hybrid success, Toyota gambles on futuristic fuel cell car running on hydrogen Applications for US jobless benefits fall to 302,000; 4- week average lowest since June 2007 Manufacturing expands at fastest pace in more than 3 years in Philadelphia area
Official: Malaysian plane shot down over Ukraine GM's legal staff targeted at recall hearing Microsoft to cut up to 18,000 jobs over next year Stocks edge lower in midday trading; Mattel sinks US home construction drops 9.3 percent in June Average US mortgage rates dip slightly Airbus beats Boeing at Farnborough in orders race After hybrid success, Toyota gambles on fuel cell US unemployment aid applications drop to 302,000 Factory growth fastest in 3 years in Philly region
LONDON, July 17- Britain's financial watchdog said it had prioritized the worst cases of Libor benchmark interest rate fixing, providing a signal that the largest fines for banks' alleged role in the scandal may already have been levied.
CNBC's Rick Santelli digs into the data and discusses the correlation between housing and the economy.
Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30- year loan dipped to 4.13 percent, down from 4.15 percent last week. Fed Chair Janet Yellen told Congress this week that the purchases will likely end altogether at the end of October.
CAIRO, July 17- Egypt's central bank raised key interest rates on Thursday in what was seen as an attempt to curb inflation pressures less than two weeks after the government slashed subsidies on fuel and electricity.
LONDON, July 17- Fears of snapping off the British economy's deepening economic roots will prevent the Bank of England from raising interest rates from their record low of 0.5 percent until early next year, a Reuters poll found.
CAIRO, July 17- Egypt's central bank raised key interest rates on Thursday in an apparent attempt to curb inflation pressures weeks after the government cut energy subsidies.
David Kostin, Goldman Sachs chief U.S. equity strategist, says the S&P should rise 6 percent during the next 12 months and has raised his year-end target on the index to 2050 from 1900.
CNBC's Rick Santelli discusses the latest action in the bond market, and fixed income market.
*Rate cut is in line with market consensus. ISTANBUL, July 17- Turkey's central bank trimmed its main interest rate for a third consecutive month on Thursday but resisted the deep cuts sought by Prime Minister Tayyip Erdogan weeks ahead of a presidential election.
The U.S. economy is "stronger than people think," Wells Fargo Chairman and CEO John Stumpf told CNBC on Thursday.