CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
Stocks skidded at the open Friday as disappointing results from Bank of America and General Electric eclipsed strong results from big techs. They slid further — with the Dow down 100 points — after a report showed a surprise drop in consumer sentiment.
Stocks and gold are crowded markets and there is a risk that everybody will want to exit at the same time, Hugh Hendry, chief investment officer at Eclectica, told CNBC Friday.
Futures indicated a lower open for Wall Street Friday, as mixed earnings from General Electric eclipsed strong results from big techs.
The Dow pulled off a nearly 50-point gain Thursday after a topsy-turvy session as the boost from oil's rally ultimately beat out disappointment in earnings from Goldman Sachs and Citigroup.
Traders applied the brakes Thursday, a day after the Dow topped 10,000, as Goldman Sachs and Citigroup proved no match for Wall Street's inflated earnings expectations.
It seems I touched a few nerves out there with my story of Katie and her search for a good deal in the Las Vegas real estate market. I thought, given today's foreclosure numbers, that I might address a few of the many many responses I received to the blog.
Stocks pared their losses Thursday after a third straight positive Philly Fed reading — the first time that's happened in two years. Stocks had opened lower after disappointment in earnings from Goldman Sachs and Citigroup.
The 30-year fixed-rate mortgage averaged 4.92 percent for the week ending October 15, 2009, up from last week when it averaged 4.87 percent, according to Freddie Mac. Last year at this time, the 30-year averaged 6.46 percent.
After Wednesday's stellar market performance, stock index futures indicated a lower open for Wall Street on Thursday as investors take a breather and evaluate their next move.
One benefit of the recession is that inflation is nowhere to be seen, as consumer prices have barely grown in months.
The Social Security Administration makes it official Thursday: There will be no cost of living increase for Social Security recipients next year, the first year without one since automatic adjustments were adopted in 1975.
You can’t believe a word they say.
Stocks rallied Wednesday and the Dow broke through 10,000 for the first time in over a year, fueled by strong earnings from JPMorgan and Intel.
Stocks rallied Wednesday, with the Dow homing in on 10,000, after JPMorgan and Intel got earnings season back on track and retail sales fell less than expected.
Just when you think you've heard it all in today's housing market, along comes a story that takes all those statistics and all those monthly foreclosure reports and all that testimony to Congress and just drop kicks them all out the window.
A prolonged period of tepid economic growth will negate any need for the Federal Reserve to raise rates well into the future, former central bank governor Frederic Mishkin told CNBC.
Futures pointed to a strong open Wednesday, with the Dow ready to make another run at 10,000, after JPMorgan and Intel got earnings season back on track and retail sales fell less than expected.
A combination of falling revenues, high debt and tougher lending standards by banks has pushed up dependence on alternative lenders in the UK.
Risky assets will continue to outperform safer assets and investors should stick to bonds and quality stocks such as Johnson & Johnson, Intel and CSX, instead of Treasurys and cash, Bob Doll, vice chairman and global CIO of equities at BlackRock, told CNBC.
A lot has changed since the 1980s, but some things stay the same: we‘re back to breaching all-time highs for the price of bullion.