CNBC's Mandy Drury looks back at the week's top business and financial stories. The Nasdaq hit a new high this week after tech giants reported earnings beats. Jobless claims were up and home sales were down.» Read More
For the first time in three years, the S&P/Case-Shiller Home Price Index rose quarter to quarter, 2.9 percent, although it's still down nearly 15 percent year over year.
Wall Street may be behind the nomination of Fed Chairman Ben Bernanke for a second term, but he is likely to face plenty of criticism at his Senate confirmation hearing.
President Barack Obama announced Fed Chairman Ben Bernanke's reappointment this morning. The following are CNBC video highlights, where experts weigh in on Bernanke's performance, working relationships and impact on the markets.
The danger of a W-shaped recession is not behind us, because consumers still have to keep spending after the government's money from various stimulus packages is over, says Art Cashin, director of floor operations at UBS Financial Services.
"The next phase is almost as difficult as the first one he presided over in saving the economy from a deeper recession or worse,” says one economist.
A weaker dollar and government intervention in the markets are to be expected as President Barack Obama reappointed Ben Bernanke as Fed chairman, analysts said.
A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent and struggling home owners show their anger at the financial crisis by giving up on their mortgage, David Karsbøl, chief economist at Saxo Bank, told CNBC.
The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.
Some really startling numbers today from Fitch Ratings on delinquency "cure rates." That's the percentage of delinquent loans returning to a current payment status each month. "Cure rates have declined from an average of 45 percent during 2000-2006 to the currently level of 6.6 percent," according to today's report titled, "Delinquency Cure Rates Worsening for U.S. Prime RMBS."
Stock markets will probably continue to rise as the world recovery has just begun and many investors who have been on the sidelines will finally jump in, investment officers and strategists told CNBC Monday.
Last year, Ben Bernanke seemed nearly as beleaguered as the financial institutions he was protecting, but that image is changing.
Turnabouts in Europe and Asia, along with recent gains in the U.S., are raising hopes that that the global recession is drawing to a close.
Did America play it all wrong? Is the credit crisis the catalyst that changes the course of history?
Existing home sales rose for the fourth straight month in a row, now to the highest pace in two years. Excellent news that buyers are getting off the fence, but they're only getting off at a certain price point.
The stock market is set for another surge higher as the Federal Reserve’s rescue packages begin to pull the economy out of the crisis, Charles Lemonides, founder & chief investment officer at ValueWorks, told CNBC.
Looming in the future is a high-risk challenge for the economy's rescuer-in-chief: He will have to mop up that money without disrupting a nascent recovery. And timing is vital.
The headline in today's big Q2 Delinquency Survey from the Mortgage Bankers Association is that the face of foreclosure is changing from subprime to prime.
The President is nearing a crossroads. Should he give Ben Bernanke a second term or appoint a new Fed chief? The decision could shake markets.
Latvia will continue to intervene to defend its fixed-rate currency as it has sufficient foreign exchange reserves to do so, Bank of Latvia governor Ilmars Rimsevics told CNBC in an exclusive interview Wednesday.
Last Friday I blogged about how deluded sellers are regarding the current value of their home. A Trulia.com survey showed a huge number of sellers having to slash prices to find a buyer. Today, I'm even more amazed at how deluded the home owning population is given the state of the housing market.