NEW YORK, Aug 1- U.S. stocks ended lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for some time was offset by lingering concern over Argentina's default.» Read More
I said it yesterday, and I’ll say it every day: Until the number of foreclosures in this country starts to go down instead of up, we will not see a full recovery in the housing market; I don’t care how upbeat you are about buyer traffic this spring.
Global stocks eked out small gains Tuesday ahead of the start of the U.S. corporate earnings season, which aluminum producer Alcoa kicks off later. Experts expects the first-quarter earnings to be a doozy for most American companies.
Before the spring season began, most housing analysts called it over. With foreclosure numbers still climbing and prices still falling, how could it be anything else?
Optimists looking for fresh signs of a recessionary bottom will have to wait until next week to find out if the worst is over.
The government is extending the deadline for private fund managers to apply to participate in the administration's program to purchase distressed assets from banks.
Global stocks and the euro gained Monday as hopes that the economic downturn is nearing its bottom spurred demand for riskier assets. Experts tell CNBC they see long-term value in the euro and gold, while they see short-term value in the dollar and stocks.
The U.S. dollar rose against the yenFriday after the key U.S. nonfarm payrolls report came in not as bad as many had feared, bolstering investors' appetite for riskier assets.
There’s little dispute that allowing flexibility in valuing toxic assets will be good for the banking industry. The big question is whether it's good for anyone else—including the US government.
When it comes to job losses, March will be the cruelest month. “It almost can’t get any worse,” says one economist.
While most Asian markets closed higher Friday on the back of the G20 summit optimism and a rally in tech stocks, European markets were lower ahead of the March U.S. jobs report. Economists polled by Reuters expect a decline of 650,000 jobs.
When it comes to job losses, March will be the cruelest month, while April may be the beginning of the end. “It almost can’t get any worse,” says one economist.
There’s simply no way to sugarcoat the data, although to be frank several NYC real estate firms are trying to do just that. Manhattan real estate is in deep trouble - and so is the playground for the East Coast's rich and famous.
Global stocks powered higher Thursday as hopes grew that the US economic decline was reaching a bottom, while the euro gained despite expectations of an interest rate cut from the European Central Bank. Experts weigh in on how to help the economy.
Though housing still faces major headwinds, including foreclosures and unemployment, a number of positive forces may finally be enough to form a market bottom.
Wednesday: Pending sales of existing U.S. homes inched upward but home values keep slipping. Job losses in the U.S. private sector accelerated more than expected in March but planned layoffs are down. Pres. Obama urged unified action at the G20 meeting. Four regional banks were the first to pay back TARP funds. CNBC heard from experts who said the market will make a major move around Easter — and went overweight in stock portfolio allocation.
The headline from the Realtors is pretty clear: “Gain Seen in Pending Home Sales, Housing Affordability Sets New Record.” So why are the Realtors, usually eager to pump the positive, still hedging on a housing recovery?
The U.S. economy will have negative growth for 2009 before it improves slowly in 2010, Dallas Federal Reserve Bank President Richard Fisher told CNBC Wednesday.
Global stocks began the second quarter lower Wednesday ahead of the G20 summit in London which aims to tackle the financial crisis. Experts tell CNBC that gold is a good buy when above $1,000, but that long-term U.S. Treasurys may be losing their shine.
Tuesday: Consumer confidence squeaked above its record low. Ford announced an incentive program -- covering payments if a buyer is laid off -- similar to Hyundai's. GM's new CEO Fritz henderson said bankruptcy is possible within 60 days. J.P. Morgan said global banks will write down $17 billion more. CNBC heard from experts who said retail looks less scary, housing is finally coming back — but warned that inflation could be "kryptonite" for bonds.
Altering mark-to-market accounting rules would bring more opacity to the financial system, said Nassim Taleb, “The Black Swan” author.