NY: Details about oil train shipments will go to local emergency planners, can be made public No sale by owner: Americans with lower mortgage rates hold tightly onto homes US reports $71 billion surplus in June; projected to have smallest annual deficit in 6 years Stocks stabilize, but end with biggest weekly loss since April as investors grow cautious Amazon petitions Federal Aviation Administration for permission to fly drones for deliveries Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cancer patients, families urge FDA to block fibroid removal technique that can spread cancer Crude oil falls 2 pct, resuming a 2- week slide, on ample supply, muted demand Head of US agency Pension Benefit Guaranty Corp resigning; Gotbaum longest-serving PBGC head» Read More
So what's a half a percentage point or even three quarters of a point, when mortgage interest rates are still historically low? Well, apparently a lot.
The recent surge in interest and mortgage rates is not down to the Federal Reserve’s purchases of Treasury and mortgage assets, sources familiar with the thinking of Fed officials told CNBC.
South Korean manufacturers' assessment of the business outlook for June hit an eight-month high, data showed on Friday, indicating the economy had passed its trough.
The US government will need to keep Treasurys yields as high as 4 percent in order to entice investors to buy them, Pimco co-CEO Bill Gross said.
It’s not like we didn’t know it was coming, but apparently it’s coming with a vengeance. Prime fixed-rate loans have finally leapfrogged those nasty subprimes to take the lead in the race to foreclosure. The foreclosure rate on primes has in fact doubled in the last year, and almost half of the overall increase in foreclosure starts in the first quarter of this year was due to the increase in primes.
John Ulzheimer takes a look at what the credit card environment may look like in a year.
The Obama administration’s economic stimulus plan is working, Rep. Barnkey Frank, D-Mass. told CNBC.
South Korea's current account surplus slightly fell in April from a record high during the previous month as a rebound in the won increased overseas travel, central bank data showed on Thursday.
NOT SEEN ON T.V.: The new credit card law could hurt your credit unless you follow these steps.
I heard a startling statistic from the National Association of Realtors this morning…no not that home sales are actually increasing, but something about the high end of the market.
John Ulzheimer says an interest rate cap included in the new law would have actually hurt consumers.
The last week of every month is always the most data-rich, with new and existing home sale reports, price reports from S&P Case Shiller and the FHFA government price index. This month will be particularly interesting, since the jambalaya will include the quarterly delinquency survey from the Mortgage Bankers Association this Thursday.
Seven of 10 fund managers are betting that China and other emerging markets will lead the global economic recovery, according to a Merrill Lynch fund manager survey, and that could mean better investing opportunities abroad.
South Korea's key consumer sentiment measure rose to its highest in nearly two years in May, adding to hopes for an early recovery in Asia's fourth-largest economy.
Fears about a downgrade of the US credit rating are premature, but not entirely unwarranted after Britain's outlook was cut to negative, analysts told CNBC.
The markets are sending warning signals that investors are concerned over US debt, Mohamed El-Erian, co-CEO of the bond king Pimco, said on CNBC.
Things got a little curious yesterday, as I prepared to report on the President signing the Helping Families Save Their Homes Act into law.
John Ulzheimer answers one of the many who are seeing their terms changed abruptly.
S&P cuts outlook and government action will be needed to keep the top-tier rating, analysts said.
Stocks ended lower Wednesday as banks and techs pulled back and comments from the Fed poured water on the flicker of optimism.