WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment...» Read More
Stocks declined Monday as the dollar gained after a warning from Moody's on the U.S. and other nations with AAA debt ratings and amid worries about China tightening. Financials took a hit amid jitters over financial reform.
Stocks were lower Monday after a warning from Moody's' on the U.S. and other nations with AAA debt ratings and amid worries about China tightening. But Walmart jumped 1% after an analyst upgrade.
Stock index futures followed international markets lower Monday, but Wall Street is coming off a bullish trend that could continue given some stronger economic numbers.
U.S. economic growth as measured by real GDP will top 5 percent in 2010, and the unemployment rate will fall below 9 percent, said Byron Wien, vice president of Blackstone Advisory Services, who shared his annual top 10 surprises with CNBC Tuesday.
Though there’s virtually no chance the Fed will change interest rates or key monetary policy language at its March 16 meeting, change of another sort is imminent.
Plus, watch for two other important data points and a number of key earnings reports next week.
The new Obama Fed is going to be very dovish when it comes to fighting future inflation and defending the value of the dollar.
Today the Treasury Department released its monthly Servicer Performance Report through February on the 75 billion dollar Home Affordable Modification Program. This is the report that shows how many loans are in the trial phase, how many have been converted to the permanent phase, and which banks are doing more and which are doing less.
Four former world champions line up on the starting grid to start one of the most exciting and intriguing Formula One seasons for years. Personally, my head is supporting Button or Hamilton, but (as the years tick by) my heart is rooting for the old guy, Schumacher.
The American Institute of Architects reports that, "functionality is now preferred to more and larger bathrooms within U.S. homes." Functionality. How banal.
Mortgage insurers are rescinding (denying) claims, claiming themselves that the loans were fraudulent and misrepresented to them.
Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.
Stocks eked out a modest gain Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. Citigroup surged while Cisco slipped.
Big surprise that yesterday's blog garnered quite a few responses, not just on the page, but from folks here in DC who are involved in all those closed-door negotiations at Administration office buildings.
Stocks clawed higher after a lower open Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. Cisco sold off after the company announced its much-hyped high-speed router.
I do believe that this great stock market rally over the past year — the S&P 500 is up 68 percent and economy-sensitive small-caps are up 95 percent — is in part telling us that political regime change is coming our way this November.
Stocks tried to claw higher after a lower open Tuesday amid some profit taking on this one-year anniversary of the March 2009 lows.
U.S. stock index futures pointed to a slightly lower open for Wall Street Monday, with investors expected to pause after last week's rally caused by better-than-expected nonfarm payrolls data.
Stocks ended mixed Monday in tepid trading as investors took a breather after last week's rally. McDonald's and Research In Motion advanced.
Politicians want to keep borrowers in the homes because that's the compassionate thing to do. The big bad banks just want to cut their losses right? Well, maybe not.