*Yellen affirms view U.S. jobless rate understates slack. JACKSON HOLE, Wyo., Aug 22- The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike.» Read More
Proprietors of small businesses have become more pessimistic as their worries grow about whether business conditions will improve in the next six months, according to a survey released on Tuesday.
The dollar bulls may finally get the upper hand as it becomes clear to investors that the euro zone is behind the U.S. and the U.K. in its economic recovery prospects, Jane Foley, currencies analyst at Forex.com, told CNBC Tuesday.
During the housing boom, rental agents bemoaned the quick and easy money that allowed so many would-be renters to become homeowners; so you would think now that the mortgage market is tighter than San Quentin, that rental agents would be a bit more positive. But as the housing pendulum swung back, it crashed right through any theory of supply and demand that might put the rental market in good stead.
Government bonds are a "very problematic" investment right now because of a large number of issuances and because they have been pushed down by the latest rally in stocks, Uwe Parpart, chief economist and strategist at Asia Cantor Fitzgerald, told CNBC Monday.
The world economy needs a second stimulus if it is to avoid the fate of Japan in the 1990s when it was stuck with years of sluggish growth, Nobel laureate and professor of economics Paul Krugman told CNBC.
With the economy strengthening but still fragile, Federal Reserve policymakers are expected to hold a key lending rate at a record low this week and will weigh whether to extend some programs that were created to ease the financial crisis.
Some of the nation's top economic forecasters have gathered for their annual pow-wow in the woods of Maine to compare notes and reflect on the state of the economy.
Although the U.S. economy is losing jobs at a slower rate, unemployment could still exceed 10 percent, said Tig Gilliam, CEO of staffing company Adecco North America.
Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record, reflecting the severe recession that has gripped the country.
Friday's GDP report is expected to show the economy shrank further in the second quarter, but many economists believe the recession has finally hit bottom.
An article in the New York Times today, suggesting that loan servicers would rather collect hefty fees on loans in delinquency and foreclosure than modify those loans, set off a bit of a firestorm in the community that oversees all those modifications. Folks at the Mortgage Bankers Association, who only yesterday had been defending servicers who were hauled before the Treasury Dept for a little kick in the you know where, expressed some disbelief.
Anybody pick up a newspaper this morning? Home price chatter is all the rage, thanks to a rare, positive report from the folks at S&P Case Shiller. Now, apparently, it's time for everybody to take a side: Has housing hit bottom or hasn't it? Don't worry, I won't answer that question. Not my job.
Those looking for ways to maximize their return on cash will find a myriad of new options with relatively attractive interest rates, but they often come with convoluted guidelines. Here's a way to cut through the maze.
When I first read the letter from the secretaries of Treasury and Housing and Urban Development to the 25 loan servicers signed onto the administration's housing rescue program, I thought, "Them's fightin' words!"
Gov. Arnold Schwarzenegger on Tuesday is expected to use his line-item veto power to make additional cuts to California's latest spending plan—a move advocates fear could further hurt the poor.
Here we go again with bond auctions dictating the mood in the market. What should you expect as the Treasury auctions $115 billion in new debt?
The good news is that sales volumes of new construction are rising; the bad news is they're doing so despite growing trouble with appraisals. I can't seem to talk to anyone in the real estate industry on any topic without hearing something about appraisals.
Federal Reserve Chairman Ben Bernanke said Sunday that he had to "hold my nose" over last year's taxpayer-financed bailouts of big financial companies but argued that the action had to be taken to avoid a major meltdown of the U.S. financial system and the broader economy.
"The nosedive is over," says one economist about Friday's second-quarter GDP report. "Nevertheless, you come out of this looking past the second quarter with a very uneven recovery picture."
Corning stock softened in early morning trading despite reporting better-than-expected second-quarter earnings on Monday.