WASHINGTON, Jan 30- An unexpected move by Russia's central bank to cut its main interest rate shows continued chaos in the country's economy, some of it due to Western sanctions related to the Ukraine crisis, a White House spokesman said Friday. "There are specific and clear economic costs associated with President Putin's expedition into eastern Ukraine,"...» Read More
Thunder rolled across Las Vegas in a sudden downpour Monday, a literal representation of the perfect storm that has rocked Sin City.
Believe it or not, web-only banks have the same protection as their traditional counterparts. And often times, they're better deals.
Stocks could slog around again Wednesday as the final days of summer fade and trading volume fades away as well.
A former insider and an industry expert explain how to steer clear of financing tricks.
Below is the minutes released by the Federal Open Market Committee after its July 24 meeting on interest rate policy:
Most Fed officials thought interest rates weren't too low at the August meeting, but they also expected their next move would be to boost rates, minutes show.
First, let me say that I don’t believe in month-to-month data when it comes to the housing market; I think it’s far too volatile, whether it’s prices, sales or even mortgage applications (the mortgage bankers issue a three-month moving average, which is much more accurate). That said, I want to talk about home prices today...
I was heartened to learn Monday that there is actually a price point at which buyers are willing to get back into today’s housing market -- despite the fact that economists, builders and the CEOs of Fannie and Freddie all say that house prices will continue to fall. But don't pop the champagne corks just yet.
As U.S. Fed chiefs met in Jackson Hole, Wyoming to discuss ways of preventing another credit crisis, CNBC's Steve Liesman asked top economic minds for their insight on the government's actions.
Federal Chairman Ben Bernanke indicated the Fed should be able to keep interest rates low for some time, as the recent drop in commodity prices should reduce the threat of inflation.
It's hard to say whether Wall Street's fear of itself or rising oil prices will be more of an impediment for stocks this week. Both of those trends were apparent Tuesday and could continue to hang over the market Wednesday.
Inflation and housing data and retailers' earnings could contribute to Wall Street's early direction Tuesday. But the stock market will continue to fret over the financial sector and worry through every move in the oil markets.
Bill Gross, founder and chief investment officer of Pimco, does not believe the U.S. Federal Reserve will raise interest rates, he told CNBC on Friday.
I’m always asking the question: If there are so many lenders and so many programs trying to help troubled borrowers, why do the foreclosure numbers keep going up?
It's hard to see Friday's markets as anything but volatile after this past week's wild swings. But if there are no out of the ordinary events, traders say the stock market just might quiet down late in the session as investors head off for one of the final weekends of the summer.
RealtyTrac, the online foreclosure sale site, put out its monthly report today, and it shows foreclosure filings on 272,171 properties in July. That’s up 55% from a year ago.
In response to weak employment news (for example, claims for jobless benefits increases their most in 16 years in July) and a downgrade by the Bank of England in its assessment of England's economic outlook, expectations for interest rate cuts from the Bank of England ramped up today.
The number of U.S. workers filing new claims for jobless benefits fell by 10,000 last week but remained at levels that show labor markets under severe strain.
Costlier energy and food helped push July prices up, but oil prices have begun to decline and analysts hope that the worst might be over.
The euro zone economy recorded its first ever contraction in the second quarter, pulled down by falling activity in its biggest economies, which could lead to a technical recession.