South Dakota man sentenced over railroad workers' lead poisoning at Idaho job site China factory activity at 3- month low in sign momentum slows in No. 2 economy's recovery APNewsBreak: Bank of America reaches $17 B settlement with US over sale of securities Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion Stocks higher for third day, despite signals from the Fed about raising interest rates Some Fed officials argue that economy is improving fast enough to signal lower support As Yellen prepares to detail her economic outlook, 6- month Fed honeymoon is likely to end soon Apple's stock soars to new high amid rising hopes for bigger-screen iPhone, other new products Target cuts annual profit outlook as retailer continues to reel from breach Berkshire Hathaway to pay $896,000 penalty for not notifying regulators about 2013 USG deal» Read More
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.
The Fed's efforts to push down mortgage rates have raised expectations about a housing recovery, but it may take months to have any impact—and the results may not all be positive.
House Financial Services Chairman Barney Frank (D-Mass.) says the drastic steps the Obama administration is taking in dealing with the nation's struggling automakers further underscores the need for the government to have so-called resolution authority to take over and unwind the businesses of big non-bank companies.
As I reported about a week ago, warehouse lending is drying up at a fast clip. This is the money desperately needed by small mortgage banks in order to offer you a mortgage.
Global stocks were down ahead of a big week, which includes the G20 summit in London, the European Central Bank policy meeting and monthly employment data out of the U.S. Experts tell CNBC what they expect from the week ahead.
With interest rates the lowest on record, is it time for potential new homebuyers to take the plunge?
NOT SEEN ON T.V.: So you’re a new homebuyer and you think you’ve picked your future house. How can you be sure you want to pull the trigger?
I understand the desire to not have a mortgage bill hanging over you, but paying in cash is just like putting all your money into a single stock.
Rates are down and home sales are up – what does it mean for your mortgage?
Cramer extols the virtues of cautious investing, and makes calls on Apple, Google, Hershey, Deere and more.
The pace of economic deterioration has started to slowdown in some areas, said Treasury Secretary Timothy Geithner on Wednesday.
The Norwegian kroner is "the best currency in the world" and certainly preferable to the US dollar, UK pound and other currencies where governments are practicing quantitative easing, David Bloom, global head of foreign exchange at HSBC, told CNBC Wednesday.
With other central banks acting to create money out of thin air because they cannot lower short-term interest rates any further, the ECB remains wary of the specter of inflation.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.
Positive developments out of Washington have stocks on a slow road to recovery even as the economy may continue to struggle, a panel said on CNBC.