WASHINGTON, Oct 1- The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator said on Wednesday. "Everybody knows that this is a cliff that is coming," said Securities and Exchange Commission Republican member Daniel Gallagher, in...» Read More
Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.
After a first quarter swoon, business is more upbeat about the current quarter and the rest of the year--especially when it comes to hiring, profits and productivity, the latest survey by the National Association for Business Economics shows.
A swirl of merger activity and blow-away earnings from Dow component Merck are positives for stocks ahead of the opening. European markets are mostly higher and Asia was mixed overnight.
Many lawmakers, along with advocates for low-wage workers, are celebrating the first increase in the federal minimum wage in a decade. Yet many acknowledge that raising it from $5.15 an hour to $5.85 will provide only meager help for some of the lowest paid workers.
Even fed Chairman Ben Bernanke says the slump is worse than originally thought.
Next week, no fewer than six major public home builders will report their quarterly earnings, all right around the same day that the U.S. Dept. of Commerce reports its New Home Sales data for the month of June. I doubt either will be very heartening for investors.
China raised interest rates on Friday in the latest of a series of tightening steps aimed atkeeping inflation in check and preventing the world's fourth-largest economy from overheating.It also slashed withholding tax on deposit interest income to 5 percent from 20 percent, in an effort to offset the impact of soaring inflation on real deposit rates and give savers lessof an incentive to bet on the red-hot stock market.
Federal Reserve Chairman Ben Bernanke devoted a significant amount of his prepared testimony on the economics of the housing market, mortgage lending and regulation. Here are excerpts of his semi-annual monetary policy report to to House Committee on Financial Services, July 18, 2007.
Federal Reserve decision-makers signaled Thursday that downside risks to U.S. economic growth had diminished in June compared with May, suggesting a housing market downturn would not prompt near-term interest rate cuts.
An interesting email came into the Realty Check mailbox yesterday, an offer really. “Our company, 1-800-CashOffer, is a nationwide network of professional real estate investors. Our investors (including ourselves in our local market) help homeowners in financial trouble by providing them with a quick way to sell their homes for cash, often avoiding foreclosure and the associated damage to their credit rating.
The Bank of Thailand cut its benchmark 1-day repurchase rate by 25 basis points to 3.25% on Wednesday, confounding the majority of economists who had expected no change.
Allen Sinai, chief global economist at Decision Economics, told CNBC’s “Morning Call” that the stock market is not overvalued. ... He also said Federal Reserve Chairman Ben Bernanke gets high marks.
Earnings news is helping set the tone as some big positive reports are countering weakness in stocks ahead of inflation data.
Richard Hastings, senior retail analyst at Bernard Sands, told CNBC’s “Squawk Box” that the buying power of the bottom one-third of consumers is falling.
Stocks are setting a positive tone ahead of the opening even as oil continues its move up. Merger news, real and rumored, dominates the Monday morning headlines.
What a week. The earnings parade arrives, two key reports on inflation are released and Fed Chairman Ben Bernanke makes two appearances before Congress. The stock market's red hot rally at the end of the past week was fired in part on expectation that global growth will continue to pump up earnings, and a slew of corporate report cards will be dealt out next week when banks, techs, airlines and others report quarterly results.
New data this week show the number of foreclosures nationwide continues to surge, while realtors predict home prices will fall further this year and next than they had previously forecast. And with an estimated 2 million adjustable rate mortgages resetting this year, $500 billion worth of subprime alone, the foreclosure numbers have nowhere to go but up.
U.S. stocks are ready to rise at the open after equities markets worldwide set records of their own on the back of Wall Street's big rally.
An explosive bid for Canada's Alcan is giving a positive psychological lift to stocks as traders watch a flood of monthly sales reports from retailers.
The Bank of Japan left its key policy rate unchanged for a fifth month at 0.50% on Thursday, a widely expected move that sets the scene for a possible rate hike next month.