CNBC's Sue Herera looks back at the week's top business and financial stories.» Read More
Government action to shore up the economy and improve the housing climate probably will send mortgage rates to 4.5 percent, Bill Gross, co-CEO at the Pimco bond fund, said Monday.
The latest employment data shows a loss of 598,000 jobs in January, slightly more than expected, while the unemployment rate shot up to 7.6 percent. CNBC asked economists, executives and political leaders what the deep cuts mean for the economy.
Economists predict another steep decline in payrolls for January, with the jobless rate expected to reach 7.5%.
The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
Last night the Senate voted to include a $15,000 homebuyer tax credit to the American Recovery and Reinvestment Act (a.k.a. the big Obama bailout).
“We need a stimulus bill, and we need it now,” said Jack Bogle, founder of the Vanguard Group. Bogle said the U.S. is in a deep recession that could turn worse if actions are not taken quickly.
The Bank of England is set to make history again Thursday, with the Monetary Policy Committee (MPC) widely expected to cut rates to an all-time low.
Whether it's Friday's jobs report or some other bad news, the stock market is likely to retest the November lows. But pros say look past the bottom and start buying.
I spoke to a really interesting investor this morning, the president and CEO of Mooring Financial Corp, a Virginia-based private investment house, and he is actually making money in commercial real estate.
Every so often I like to discuss this odd little quarterly report from the Census called the Residential Vacancies and Homeownership report. I want to talk about it today because I think it’s not giving us the full picture of what it purports.
We debate it on the air pretty much every day: What will it take to get potential home buyers off the fence and into a home? Is it a tax credit? Lower interest rates? A real bottom in home prices? The official mandatory silencing of all real estate reporters??
Today is the day Californians begin to personally feel the pain of the state's massive budget gap. As Gov. Arnold Schwarzenegger and top legislative leaders continue to meet behind closed doors to hammer out a plan covering the current $16 billion gap—projected to grow to $42 billion by June, 2010—the state controller is delaying $3.5 billion in payments to conserve cash.
Plus, Cramer tackles the possibility of interest rates reaching as high as 18%.
My last blog post Banks Sitting On An Inventory Time Bomb set off quite a stir among readers, and I think it bears more reporting.
The Federal Reserve on Wednesday said it is prepared to buy long-term government debt if that would help improve credit conditions...
Stocks ended at session highs Wednesday, led by banks, amid enthusiasm for this so-called "bad bank" plan and as the $825 billion stimulus package neared approval.
Stocks held onto a nearly 200-point gain Wednesday after the Federal Reserve issued its statement on the economy.
About 70 percent of foreclosures in RealtyTrac database have not yet been listed on the MLS. I'm wondering why? Why are the banks sitting on all these properties instead of listing them for sale?
The Fed issued a long statement that clearly indicated their policies would be fluid. There was a little bit for everyone in the statement who wanted an aggressive Fed, and some for those who wanted a more conservative Fed.