Steve Goldman, Managing Director of Kapstream Capital, says it's clear that the Fed's goal is to end quantitative easing in October and start raising interest rates next year.» Read More
The number of workers filing new claims for jobless benefits jumped 32,000 last week,while new orders for durable goods dropped by a sharper-than-expected 4.5 percent in August.
It's never pretty on Wall Street when the action in Washington rules the markets. That's certainly been the case this week, while Congress wrestles with the merit and shape of the $700 billion financial markets rescue package, proposed by Treasury Secretary Hank Paulson
The Treasury’s bailout plan for Wall Street will also benefit Main Street, Bill Gross, founder and chief investment officer of investment management firm Pimco, told CNBC Wednesday.
I am more convinced than ever today that the housing recession is fueled by a lack of confidence, and I am also more convinced than ever that restoring confidence in housing is going to take a lot more than just shoveling money at the banking industry.
Warren Buffett is driving the latest ambulance to show up on Wall Street, and his first aid may in fact give a boost of confidence to the market and Washington's rescue process.
In the debate over homeowner aid in the Wall Street bailout, both sides appear to have forgotten that Congress approved a $300 billion mortgage rescue in July.
As the credit crunch deepens, it's putting more private student loan companies out of business and leaving fewer students able to qualify.
I’m wondering exactly what’s going to precipitate that recovery? In order to answer that question I think you have to look at what’s currently wrong with housing, not what caused the housing recession or how far all the numbers have fallen.
The Federal Reserve, which has encouraged excessive borrowing, is to blame for the credit crunch that has gripped world markets for more than a year, Marc Faber, the author of the Gloom Boom & Doom Report, told CNBC on Tuesday.
The scorching volatility ripping through financial markets is not likely to let up while details of the government's rescue plan are being worked out.
I've been barraged by phone calls and emails all day from community activists screaming that troubled borrowers should be bailed out before any Wall Street bailout.
“The Wall Street mess will now have collateral damage to the real economy,” says Steve Hanke, a former White House economist. “We're coming into this thing in a terrible situation.”
Treasury Secretary Henry Paulson discusses a comprehensive approach to market developments, while Gold was up over 15% over the past two days but took a beating this morning. Following are today's top videos:
If you are one of the many investors having trouble stomaching the big and wild swings, now may be a good time to scale back on your level of risk.
If you have a strong stomach and like a good gamble, the current volatility may be a good opportunity to put some money in play to beef up your portfolio gains in what's been a rocky year. While the pickings may seem slim, investment strategists say there are some opportunities within certain sectors, and if you are considering making broader bets, using options strategies can provide a good way to maximize gains while limiting losses.
Financial planners say the end of the year marks the perfect opportunity to revisit your asset allocation to ensure it still reflects your financial goals and tolerance for risk -- especially with many economists projecting the bear market will continue for the next six months.
Let me just preface by saying we don’t and can’t know any of the details of the financial rescue plan that will come out of the negotiations between Treasury Secretary Henry Paulson and members of Congress.
Treasury Secretary Henry Paulson Friday called for the U.S. government to spend hundreds of billions of dollars to take toxic mortgage assets off the books of financial firms to restore financial stability.
What’s risky? What’s not? Carmen clears up the confusion so you can make the right decisions.
A lot of folks were turning the tables on some scary looking numbers yesterday, namely that housing starts and permits were down much farther than expected.