*Circumspect on implications of China, Greece troubles. SYDNEY, July 7- Australia's central bank held interest rates at record lows on Tuesday as sliding commodity prices, a still-high currency and mounting economic uncertainty in China argue for continued stimulus, and even the chance of more cuts. He also declined to go into detail on the implications of...» Read More
So far, it hasn't been a September to remember on Wall Street. With three days in the books, the month is living up to its historic billing as the worst month of the year for stock investors, though Wednesday's losses were relatively small. Read and listen to what the pros had to say...
The Federal Reserve will have to raise interest rates as aggressively as it cut them when it becomes clear the economic recovery has taken hold, to avoid flaring up inflation, Charles Plosser, president of the Philadelphia Fed, told CNBC in an interview.
Stocks extended their losing streak for a fourth session Wednesday as hardware stocks advanced but worries about the recovery continued to gnaw at the market.
New documents show Federal Reserve policymakers had greater confidence in August that the recession was ending and felt comfortable slowing the pace of one of its economic revival programs.
Stocks clawed higher Wednesday as tech, insurance and energy stocks advanced. Stocks struggled through the morning after readings on employment and manufacturing came in weaker than expected.
It's careful, it's complicated, it's got a catchy name, and it's first. At face value, that's what I see in the Mortgage Bankers Association's proposal to formulate a new, government-guaranteed, mortgage backed securities market to take the place of Fannie Mae and Freddie Mac.
Stocks declined Wednesday as readings on employment and manufacturing came in weaker than expected.
Stocks were headed for a slightly lower open after an early reading on August employment numbers showed the labor market weaker than expected.
Commercial loans are likely to be the biggest drivers of future bank failure, Sheila Bair, Chairman of Federal Deposits Insurance Corporation, told CNBC Tuesday.
Sure you love the crisp air, cooler temperature and brilliant colors. September can be the perfect time of year -- if you're a bear!
Following up on the spirited discussion that followed yesterday's blog on what banks are doing with foreclosed properties, our reporter encounters a frustrating story.
Though the tumultuous domino effect of September 2008 will be remembered as the tipping point of the financial crisis, its first major eruption was in the late summer of 2007 with the subprime mortgage meltdown. Much has changed since then. Here's how its reflected in key economic indicators.
There have been a lot of accusations on the blogs and on the air that banks are holding on to REO (bank-owned) foreclosed properties because they don't want to put them on the market and push home prices ever lower. In digging into this, I got a few interesting answers.
Property is a common means of diversifying a portfolio and hedging against inflation, but it can be a time consuming, complex and (as the recent bust proves) risky proposition.
William Dudley, president of the New York Federal Reserve talks about economic growth, Treasury auctions, inflation and what the Fed has learned from the economic crisis.
Despite a seemingly endless flow of US government debt into the markets, foreign investors continue to gobble up Treasurys and keep yields relatively low.
Yesterday, at one of the morning staff meetings, a CNBC producer told of how his son had an adjustable rate mortgage that actually, thanks to today's low interest rates, adjusted down, saving him hundreds of dollars on his monthly payment. Well all of a sudden everyone wanted to know if this would mean a shot in the arm to the economy, with all these supposedly troubled adjustable rate mortgages adjusting down instead of up.
House prices in Britain rose by 1.6 percent in August, slowing the annual fall in prices as low interest rates helped support the market, a major mortgage lender said Thursday.
As usual, by the middle of the day, I get bored with talking about the headline housing number du jour, and I start pondering some of the numbers that never make it into the general news stream. Today I'm looking at P.4 of the Commerce Dept.'s report on "New Home Sales in July." I'm wondering why sales of homes "Not started" (i.e. still empty lots) rose 33 percent month to month, while sales of "Completed" homes fell 6 percent.
Orders for durable goods rose last month by the largest amount in two years, but the rise was mainly fueled by the volatile transportation sector.