U.S. Bancorp's leader has warned that his company might consider cutting staff if interest rates don't begin to rise later this year, as federal officials have indicated. Chairman and CEO Richard Davis told guests at a conference that engaged and happy employees are a key to making the company perform well and ultimately return value to shareholders.» Read More
Additional economic stimulus such as a payroll tax cut would boost hiring, Mike Jackson, the CEO of AutoNation, told CNBC on Thursday.
"Until you get the small business sector back on its feet and get it vibrant, you are basically knocking out about 20 percent of the GDP," said Camden Fine, president & CEO of Independent Community Bankers of America. "And it's hard to have a robust recovery if you have 20 percent of the GDP lagging."
A lot of housing data hit the wires today, much of it unexpected and confusing, so let's start at the top.
Sometimes stating the obvious and repeating it frequently can be a very effective policy, especially in managing inflation expectations.
The home buyer tax credit was extended and expanded, and mortgage interest rates have actually been trending even lower, but housing's recovery is still being hampered by new appraisal rules.
Industrial production edged up 0.1 percent in October, a smaller-than-expected increase that signals a bumpy recovery ahead.
A new survey shows that even in those markets where investor competition has returned and prices on the low end are beginning to stabilize, homeowners still owe far more on their mortgages than their homes are currently worth.
While not being comfortable with the current gold trade, Dennis Gartman told CNBC that the price of the precious metal will "continue to go up until it stops."
Governments and companies will soon find themselves battling over the small supply of private savings available, paving the way for another recession, Ron Napier, head of Napier Investment Advisors, told CNBC Monday.
I knew it was coming, but I guess I was hoping it wouldn't be quite so tunnel-visioned. The Realtor's chief economist, Lawrence Yun, released his Housing and Economic Forecast this afternoon. The extension and expansion of the first time home buyer tax credit was the lead, as expected, with Yun claiming it would bring not only home sales but home prices back out of the basement in 2010.
The White House has told domestic agencies to assume their budgets will be frozen or even cut by 5 percent as it signals a big push to take on the deficit next year.
FHA: "Bailout Doesn't Apply." Those are not my words, but the words of HUD Secretary Shaun Donovan toward the end of a lengthy explainer on the FHA's annual actuarial report, released this morning.
Sen. Dodd’s reform bill would jeopardize the Fed’s ability to safeguard the U.S. economy, said Frederic Mishkin, former Federal Reserve Board governor and a Columbia University economics professor on Thursday.
Treasury secretaries have made "a strong dollar policy" the key part of their rhetoric, but the currency has lost nearly a fifth of its value.
I'm back on the foreclosure bandwagon again, especially after getting the Treasury's Home Affordable Modification Program status report this morning, and its glaring omission of any information as to how many borrowers are actually keeping up with the payments on their trial modifications.
Unemployment will shoot to 10.5 percent by the middle of next year, constraining the Federal Reserve's ability to raise interest rates, according to a Reuters poll.
If Asia's loose monetary policy is left unaddressed it will ultimately blow a bubble of "mind-boggling size" that could become uncontrollable without fiscal tightening, Frederic Neumann, economist at HSBC, told CNBC Tuesday.
While we all worry so much about the auto industry, I find it astounding that we don't pay all that much attention to the battered industries behind the battered housing market.
The U.S. economy could face a double-dip recession next year, in the absence of stimulus measures and extended incentive programs, Kirby Daley, senior strategist at Newedge Group, said Monday.
While the Realtors and Home Builders and Mortgage Bankers all bask in the glow of the home buyer tax credit extension/expansion, we all need to turn our attention to the real drag on a housing recovery: Foreclosures.