*Euro pressured as Greece, creditors negotiate debt deal. TOKYO, April 27- The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece's ongoing debt talks pressured the euro.» Read More
Tomorrow the bank holding the $40 million loan on Washington DC's Watergate Hotel, New York-based PB Capital, will put the foreclosed property up for auction. The 251-room, formerly grand, 12-story lodging has been empty since 2007. Just the memories of those few burglars who slept there the night before they did their historic deed still haunt the hallways.
Mortgage lending rose 17 percent to an estimated 12.3 billion pounds ($20.2 billion) in June from May but still suffered a decline from the same period last year, new data from the Council of Mortgage Lenders (CML) showed Monday.
Although the depression scare is over, the economy is likely to remain sluggish for some years, said Robert Shiller, Yale University economics professor.
The first days of earnings season seem to have lit a fire under the stock market, but investors are wondering if this week's rally is for real or just a bunch of smoke.
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.