BEIJING, April 19- China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China lowered the reserve requirement ratio for all banks by 100 basis points-...» Read More
Below is the full transcript from the interview with President Obama on June 16th, 2009.
So my first thought was: there’s got to be something wrong with this number. A 17 percent surge in housing starts didn’t make a whole lot of sense to me at first, but after talking to my minions I’m getting now getting the picture.
After what seemed like a turnaround in confidence, the nation's home builders cited new concerns this month; the National Association of Home Builders' monthly sentiment survey slipped one point.
St. Louis Fed President James Bullard told CNBC Monday that he is cautiously optimistic that there will be economic growth in the US during the second half of the year.
The Federal Reserve should stop buying government debt and instead focus on kick-starting areas of the credit markets having to do with consumers, Steve Forbes, Forbes CEO, told CNBC Monday.
South Korea's economy is still sliding, even though the pace has slowed, and it was not time yet for the government to change the current accommodative economic and financial policy, Finance Minister Yoon Jeung-hyun said.
Once again, the market managed to side-step the threat of rising interest rates. In fact, investors appeared eager to move back into the Treasury market!
Stocks opened lower on Friday as crude oil dropped below $71 a barrel and banks dragged after Bank of America lowered its outlook for the sector. Export prices rose 0.6 percent in May, while import prices jumped 1.4 percent, mostly due to a surge in gasoline prices. Read and listen to what the experts had to say...
Yesterday RealtyTrac, an online foreclosure sale site, reported that the number of properties receiving foreclosure filings fell 6 percent in May from the previous month, while they are still up 18 percent from May of 2008.
The notion of a jobless recovery is gaining traction among those who think the economy is finally getting back on its feet—but not enough to move the stock market.
About three months ago, as the unemployment rate began to really spike, it became all the corporate rage to offer “peace of mind” should you lose your job. That came in the form of various insurance-esque guarantees.
European credit spreads edged wider and gilts and bunds prices tumbled Thursday, after the US Treasury's 'sloppy' auction which reinforced investors' expectations that the Federal Reserve will have to raise rates sooner rather than later.
South Korea's central bank on Thursday held interest rates steady at a record low for the fourth consecutive month, judging Asia's fourth-largest economy had stopped falling but is still far from a full recovery.
Plus, the Mad Money host offers his top picks for Wednesday and explains the forces behind rising commodity prices.
Stocks dropped as soon as the results of the 10-year auction were announced. The yield of 3.99 percent was at the high end of expectations.
You’ve probably never heard of it; I know I hadn’t until I read a New York Times article about it a few months ago, but think of it like that enormous warehouse you see at the end of "Raiders of the Lost Ark", where important artifacts and documents go to die.
The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC.
The recent speculation that the Federal Reserve may be forced to raise rates sooner because of a faster-than-expected improvement in the economic outlook is baseless, and the dollar can only go down, Steven Nigg, CEO of SWISS E TRADE, told CNBC Wednesday.
Stocks ended mixed on Tuesday after 10 banks were approved to repay TARP loans. The companies are expected to give back some $68 billion, about twice what the government expected. Read and listen to what the experts had to say...
Yesterday, in a speech to the American Bankers Association, the Comptroller of the Currency, John Dugan, suggested that the next area of concern in the mortgage market may be “reverse mortgages."