LONDON, May 5- Gold edged lower on Tuesday as the dollar and European shares rose ahead of U.S. nonfarm payrolls later in the week that could give clues on when the Federal Reserve will hike interest rates. Gold fell to a six-week low of $1,170 on Friday after the Federal Reserve indicated that it saw a recent slowdown in the U.S. economy as transitory and did not rule...» Read More
Federal Reserve policymakers are weighing whether additional steps are needed to brace the economy as an outbreak of the swine flu has emerged as a potential new danger that could aggravate the recession.
It may be the safe-haven choice of the financial crisis, but experts tell CNBC that cash will underperform over the next 10 years.
South Korea's economy averted a recession in the first quarter thanks to pump-priming and rate cuts, the central bank said on Friday, supporting market bets that interest rates had troughed.
“One thing he excels at is setting realistic expectations with his audiences,” says one crisis management consultant. “He’s been careful not to over-promise.”
NOT SEEN ON T.V.: Sick of dealing with lowered limits and higher rates? One way to combat the credit industry's tactics is to go small, says John Ulzheimer.
Today I continue to follow my colleague's journey through a short sale. She started her journey on Friday.... This experience has been a nightmare for my colleague so far, dealing with the bank and the owners.
The author of the Credit Cardholder Bill of Rights tells us how the legislation will help, despite what the credit card industry has to say about it.
An ideal interest rate to help the US economy to cope with the recession would be a negative 5 percent, the Financial Times reported on its Web site, quoting an internal Federal Reserve analysis.
Global stocks were down Monday, after enjoying 7 weeks of gains, as concerns of the outbreak of swine flu spooked investors. But experts tell CNBC that stocks are still a good long-term bet.
The following is the full text of U.S. Federal Reserve Chairman Ben Bernanke's "Housing, Mortgage Markets and Foreclosures" speech issued in Washington Thursday and delivered before before the Fed conference on Housing and Mortgage Markets:
At least one of the 19 financial institutions that received a government stress test would require additional capital, based on the initial findings, according to a source.
A colleague of mine is doing a short sale today; she's the buyer. Today is closing day, and I knew this would be interesting, so I'm going to do my blog version of pseudo-Twittering it throughout the day, with emails coming in from my colleague.
"Most banks" are currently well capitalized but need to hold a "substantial" amount above regulatory requirements in case the recession worsens, the Fed said in its eagerly awaited report on bank stress tests.
Credit conditions are not improving and construction financing to build from the ground up is not available, says Ivanka Trump, executive vice president of development and acquisitions at the Trump Organization.
NOT SEEN ON T.V.: John Ulzheimer, with help from Carmen, acts out the phone call he made to his credit card company after having his credit limit lowered -- again.
Today the National Association of Realtors reported a 12.4 percent year-over-year drop in existing home prices in March. Yesterday the FHFA reported prices on homes with conventional loans fell 6.5 percent year-over-year and rose 0.7 percent from January to February. S&P Case-Shiller reports that home prices in the nation’s top twenty markets fell 19 percent in January, year-over-year. So why would anyone be confused, right?
Concessions must be made to boost the economy over the long-term, UK Minister of Trade and Investment, Mervyn Davies, UK Minister of Trade and Investment, told CNBC Thursday, one day after Labor announced a budget which was widely criticized.
We knew it was coming, and now it's here...the return of California's foreclosure crisis. DataQuick reports "lenders filed a record number of mortgage default notices against California during the first three months of this year, the result of the recession and of lenders playing catch-up after a temporary lull in foreclosure activity."
As the President prepares to sit down with top credit card execs, an industry representative tries to explain the motives behind the crackdown on interest rates and credit limits.
Are you surprised? We have got to get over the idea that we have real relationships with this business that we borrow from.