CNBC's Tyler Mathisen looks back at the week's top business and financial stories. A shortened trading week, this week, as Easter is on Sunday. The week ended positive after Janet Yellen reassured investors. Low rates could be around another two years, she said.» Read More
Though there’s been much debate over how much the Fed should cut rates, the central bank's statement may be more important to the Fed’s credibility and market expectations.
European stocks closed lower across the board Wednesday as bigger-than-expected writedowns from UBS added to the general gloom surrounding the banking sector and did nothing to calm investors’ jitters ahead of an expected interest rate cut in U.S.
For several weeks now the survey of loan applications from the Mortgage Bankers Association has been telling the true story of today’s housing market. Lower mortgage interest rates are not in fact pushing people to buy homes; instead, they’re spurring current owners to refinance.
U.S. economic growth skidded to a five-year low of 0.6% in the fourth quarter, reflecting the toll a slumping housing sector has taken on the national economy.
The UK commercial property market is beginning to lose its investor appeal as a slowing economy drags on the once buoyant sector, Simon Rubinsohn, chief economist from RICS, told "Squawk Box Europe" Wednesday.
We had a tour de force from the original investment biker Jim Rogers this morning. So what about this market rally?
Bank of England Governor Mervyn King won a second term as head of Britain's central bank, the Treasury said on Wednesday, ending months of speculation that he was out of favour because of the run on Northern Rock bank.
It seems likely the Fed will lower rates on Wednesday, but will it cut by a quarter-point or half-point?
Critics of many stripes think Bernanke is doing a poor job, whether it is lowering interest rates for the wrong reasons or keeping them too high for too long.
Stocks closed higher in another jittery session, helped by expectations of another Fed rate cut and an economic stimulus package from the federal government.
It’s not like you couldn’t have predicted this, but the home ownership rate in the U.S. fell in the fourth quarter of 2007 to its lowest level since the beginning of 2002--this from a record high in the middle of 2004.
U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
Most investors are expecting another cut to the Fed Funds Target when the Federal Open Market Committee meets tomorrow. The debate has been whether it will be a cut of 25 or 50 bps. Here are some recent trends and facts on the Fed and the Fed Funds rate as well as a look at how the market performed the last time the Fed went into an extended phase of easing:
The surprising jump in December durable goods orders is reshaping the debate in some corners of Wall Street on whether the Fed will cuts its target Fed funds rate by a quarter or a half point tomorrow.
The Street wants a 50 bp cut from the Fed on Wednesday; it's widely believed that a 25 bp cut would be a real disappointment. The other hope for bulls is that nonfarm payrolls surprises on the upside this Friday.
The Phillips-Van Heusen CEO explains why his company should make the cut. Plus, Jim's favorite names in the sector.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Recession. Bear market. Credit crunch. Is it better to stay out of the stock market or use the recent selloff as a buying opportunity?
We're still too close to the precipice for the Fed to stop easing, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks closed sharply higher as investors snapped up financial and homebuilder stocks on hopes that the Federal Reserve would keep cutting interest rates to prevent a recession.
Buried in the Commerce Department report on New Home Sales in December is the full year tally for 2007, and it ain’t pretty. Home builders sold 774,000 homes during the year, down 26.4 percent from 2006. Just imagine selling over a million homes one year and barely 75 percent of that the next!