Boris Schlossberg, managing director at BK Asset Management, says that there needs to be a couple more months of better U.S. economic data, before the Federal Reserve normalizes rates.» Read More
US stock index futures indicated a higher opening for Wall Street Tuesday, as the market is riding a six-day winning streak. But the gains, though consistent, have been relatively modest.
On Monday airline shares dragged down investor sentiment amid new concerns of terrorism. However airlines may not be the only drag on stocks this week.
Analysts predict the U.S. currency will build on its end-of-the-year gains, but it will only be a modest rally on the back of the improving economy and higher interest rates.
Credit card companies are making major changes to customer agreements that could mean new fees and lower credit limits. Not being aware of the changes could prove costly or even embarrassing.
There is a lot of confusion out there today over how the first time home buyer tax credit extension figures into the Commerce Department's report on sales of new construction. "New Home Sales," as we call it, plummeted 11 percent, quite unexpectedly, after another rise in "Existing Home Sales" yesterday.
The percentage of job seekers starting a business has doubled in this recession. Here are some laid-off professionals turned happy, successful entrepreneurs who give new meaning to economic recovery.
The risks of a second leg down for the economy is small but the economy, especially the housing sector, still has a long way to go before it reaches recovery, Harvard Professor Kenneth Rogoff told CNBC Wednesday.
I've already written a lot about investors in Las Vegas coming in with cash and pushing the organic buyers to the sidelines. Well apparently it's happening all over now, making me wonder just what exactly is going to happen to all those investor-owned properties?
"We’re getting a snapback that, when judged with those from other deep recessions, is pitiful,” quips one economist who compares the economy to a patient recovering from a near fatal auto accident.
Interest rates the topic on stock trading desks this morning. I briefly saw a friend of mine who works for a mortgage company yesterday. He was working late updating the mortgage quotes for his company and was somewhat in a state of shock: 30-year mortgage rates had gone up over a tenth of a point in a single day, an almost unheard-of jump.
The U.S. economy grew at a much slower pace than initially thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, according to data on Tuesday.
Whether you’re a Ben Bernanke supporter or not, you have to figure that last week was one he will remember for a long time.
The economy will continue to grow over the next few years, though unemployment will remain high and inflation tame, so there's "no urgent need" for the Federal Reverse to change its low-interest rate policy, Chicago Fed President Charles Evans told CNBC
Bernanke sees deflation and depression threats everywhere. That’s one of his biggest problems. He cut his academic teeth on studying the Depression, which seems to have blinded him from the modern use of sophisticated financial-market signals in our new, globalized, high-tech, rapid-information world.
Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year, and urged the government to prepare a second stimulus package to spur job creation.
In the last few days I've been bombarded with press releases from the likes of Citigroup, Fannie Mae and others, touting their holiday foreclosure moratoria.
“There's all this frustration about the bailout, the money, the Fed being asleep at the switch too long, so it's coming out as Bernanke bashing,” says one Washington observer.
It is good news that the Senate Banking Committee yesterday approved Ben Bernanke’s nomination for a second term as Chairman of the Federal Reserve. But it is disappointing that the 16 – 7 vote did not include a single Republican.
The path of the dollar and fallout from the quadruple expiration of futures and options could be big drivers for stocks on Friday.
Helicopter Ben Bernanke passed the Senate Banking Committee vote on his reconfirmation.