While Wall Street will reopen to volatile trade on Monday, Masood Vojdani, founder of MV Financial, advises U.S. investors to stay patient as the Greek situation will likely be resolved soon.» Read More
For now, Greece has been saved but at what cost? The sums involved are staggering and could have been much lower if the euro zone's governments had appreciated the size and scale of the problem earlier and learned the lessons of history.
Despite yields on Greek debt falling after the bailout deal, analysts and investors warn that there are still pitfalls that could threaten the single European currency.
MDA DataQuick reports sales in March rose 43 percent from February in Miami-Dade. That's the highest level since the peak of the housing boom. Sales in the Miami area have been rising for 13 straight months and prices are finally beginning to stabilize.
European officials are finally getting spurred into action by the danger of contagion and sources in the City say Greek debt is a screaming buy.
It's the last day of the home buyer tax credit…for the second time. Of course given all the hype on the home builder web sites, you'd think this was the last day of the housing market as we know it. They're all offering deals deals deals…
Real GDP increased about $162 billion since the second quarter of 2009, when the economy bottomed out. Wall Street for 2009 paid out bonuses of nearly $150 billion on profits twice that amount. The rest of the economy, on balance, went backwards.
Just how dumb can you be? The guys that took the other side of the Fabulous Fab-concocted CDO-Squared whatever it was weren't stupid because they bet wrong on the housing market.
Assuming that regulators decide that banks are indeed too large, how might a reduction in size be accomplished, writes William Dunkelberg, Economics Professor at Temple University.
President Obama has appointed three new doves to the Federal Reserve Board, thereby taking command of the nation’s central bank.
The third and final TV debate between PM candidates is over but none of the three spoke about the hidden issue that will define the UK economy over the long term.
It's a good time to be a home builder. Before you rub your eyes wondering if you just read that right, let me explain.
I have to say I'm getting a little tired of it. The servicers slam the Treasury and the Treasury slams the servicers and more and more homes move to foreclosure as the housing recovery spits and sputters.
The market’s impatience with the Fed policy and language is somewhat mystifying. It’s as if investors want a change in language and/or policy so they can feel better about the future; it’s the equivalent of the Fed saying; “It’s over. No need to worry any more.”
Right now investors face a V-shaped-recovery theme at home and the serious debt troubles plaguing Greece, Spain, Portugal, and perhaps other countries in Europe.
President Barack Obama on Thursday will nominate San Francisco Fed President Janet Yellen, Massachusetts Institute of Technology economist Peter Diamond, and Maryland state banking regulator Sarah Bloom Raskin for seats on the central bank's board, CNBC confirmed Wednesday.
On Wednesday, the Fed renewed its vow to keep rates low for “an extended period.” That screams trade to Dennis Gartman.
Stocks ended higher after the Fed left interest rates unchanged and kept the "extended period" language in its statement. Financials were the day's best performers, with JPMorgan and Bank of America leading the Dow.
Plus, Cramer refutes the Ford downgrade, defends Sprint and talks up the under-the-radar spending taking place in telecom.
Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve.
Stocks advanced Wednesday, with banks rebounding after a sharp selloff in the previous session after both Greece and Portugal had their debt ratings downgraded. Bank of America and JPMorgan were among the early leaders on the Dow. Dell skidded.