NEW YORK, April 17- Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated on views that stronger U.S. consumer prices were not enough to offset recent weak data that could slow a Federal Reserve interest rate hike. China on Friday also allowed fund managers to lend stocks for short-selling and...» Read More
Stocks closed sharply higher as a day-long rally gained steam after the Federal Reserve said the recession would end soon but that unemployment will continue rising.
The Federal Reserve expects the economy will sink at a slower pace this year but unemployment will top 10 percent, according to a forecast contained in the latest minutes.
The Federal Reserve released the following economic forecast on Wednesday as part of the minutes of its June 23-24 policy meeting.
Technology stocks rose more than 2 percent Wednesday following encouraging earnings, while a slew of economic reports fueled the notion the economy was showing stronger signs of a turnaround and boosted the broader market.
Wall Street has reestablished positive momentum, and that's likely to continue Wednesday morning after Intel beat expectations with its after-the-bell earnings report late Tuesday, and issued guidance that was well above consensus as well.
Positive comments and a better-than-expected earnings report from tech bellwether Intel could capture the imagination of investors, who have been hoping tech will rescue the earnings season.
If anything, Goldman’s handsome profits are a barometer of the government’s bailout of the financial system, from the straight-up handout mechanism called TARP to the Federal Reserve’s less direct, but probably more beneficent, policy of rock bottom interest rates and other favorable lending facilities.
There's a lot riding on Goldman Sachs' earnings report Tuesday. Already high expectations for a block buster quarter moved up a notch Monday when usually bearish banking analyst Meredith Whitney put a buy on the stock and said the firm's earnings will show a huge upside surprise.
Earnings season should provide a fresh view of the U.S. economy and may shake the stock market out of its summer doldrums.
I want to continue on my thread from yesterday regarding the plight of commercial real estate. Several witnesses at the Joint Economic Committee hearing warned that without more liquidity in commercial lending, the sector would be heading for crisis. In fact, it already is there. There is simply no securitization market for commercial loans right now, and without that, the well is pretty dry.
South Korea's central bank on Friday revised up its economic forecasts for the whole year and the next year as the economy enjoyed its fastest quarterly growth for 5-½ years in the second quarter
I don’t know why all the wires are leading with the quote from Rep. Carolyn Maloney, D-NY today, that “The commercial real estate time bomb is ticking.” I’d venture to say it’s exploding all over the place. She made the comment at a hearing she chaired of Congress’ Joint Economic Committee.
UK building society Nationwide is offering 125 percent mortgages to its existing customers that have fallen into negative equity and need to move home.
South Korea's central bank held interest rates steady at a record low for a fifth consecutive month on Thursday, in a widely expected move to support an only nascent recovery in Asia's fourth-largest economy.
A late upturn pushed stocks higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings.
Stocks turned lower Wednesday as investors got defensive ahead of earnings season, rotating into pharmaceuticals and out of techs.
Call me old-fashioned, but I still believe in that whole supply and demand thing; that’s why I’m slightly obsessed with the inventory of existing homes floating around the nation’s local MLS’s and more importantly those not floating around the MLS’s. I’m talking about the inventory of foreclosed properties that banks are holding onto, refusing to unleash onto the sales market.
Stocks rebounded Wednesday after a major selloff in the previous session as earnings season gets into gear.
Futures indicated a slightly higher open for Wall Street Wednesday on profit taking after the major selloff the previous day.
No one argues that the staggering deficits run up by the American government in a bid to rescue the economy are desirable, healthy or even sustainable — not if the national debt continues to swell at its current pace. But considerable debate centers on when and how vigorously to start easing off Washington’s borrowing habit, with substantial risks at both extremes, the New York Times reported.