*Dollar hits highest vs yen since December 2002. NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday as investors bet that U.S. interest rates will rise later this year while Japanese monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last...» Read More
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.
Thank goodness for holiday cheer, and the need to find holiday cheer in all the misery of today's housing market. Today Zillow released a list of the best performing cities of 2009.
Today, the US Senate Banking committee will likely vote to recommend current Federal Reserve chairman for another four year term. This is not interesting. What is interesting is the increasing number of senators that are saying they will vote against him.
Bernanke is expected to renominated into office on Thursday, but he has his critics; some who have blasted Time's magazine's choice of the Fed Chief as "Person of the Year."
Sure, he’s jumping on Time’s bandwagon. But, hey, the magazine was right.
The Dow erased all of gains on Wednesday after the Federal Reserve offered no surprises in its latest statement. Anton Schutz, president of Mendon Capital told investors what to expect from the markets going forward.
With the Obama administration putting new pressure on big financial firms to help power what's been an erratic economic recovery, the Treasury Department is preparing to send out a survey asking recipients of government aid to state how they used the funds.
The Federal Reserve, as expected, decided to hold interest rates at a record low for an "extended period" to keep the economic recovery going and drive down double-digit unemployment. What does this mean for stocks going forward? Kenneth Heebner, portfolio manager at Capital Growth Management, shared his view.
After a long day of live shots in Las Vegas, reporting various incredible stories of builders, buyers and investors, I got into a cab to the airport... only to hear yet another story from housing's front lines.
Plus, get calls on Wednesday's Federal Reserve statement, the global economy, semiconductors and more.
Markets rose on Wednesday after a relatively tame report on consumer prices. Brett D’arcy, CIO of CBIZ Wealth Management, and Deborah Danielson, founder of Danielson Financial Group, shared their market outlooks.
The following is an official statement from the Federal Reserve following its two-day meeting from Dec. 15-16:
With new economic data sparking inflation jitters, how should you trade Wednesday's Fed decision?
Fed Chairman Ben Bernanke may no longer be worried about losing his job, but he’s still concerned about the job prospects of millions of other Americans.
Although the economy is growing by as much as 4.5 percent in the current quarter, it’s expected to slow in 2010, well-known market analyst Abby Joseph Cohen told CNBC.
The dollar rose on Tuesday, touching a 2-1/2-month peak against the euro, suggesting the Federal Reserve could raise interest rates sooner than anticipated. What will tomorrow’s Fed decision mean for the markets? Larry Rosenthal, president of Financial Planning Services shared his view on the dollar.
I'm in Las Vegas today doing a bunch of stories on the housing "recovery" here. Many of you may be wondering what ever happened to Katie, the subject of my "Lunacy in Las Vegas" blogs of a few months ago.
The Federal Reserve is expected to leave interest rates at a record low this week. The big question is whether Chairman Ben Bernanke and his colleagues will hint about when they will reverse course and start boosting rates.
Investors are keeping a close eye on the 2-day Fed meeting, which begins on Tuesday. Are higher rates on the horizon?