*Scotland to stay in UK but pound falls on profit-taking. NEW YORK, Sept 19- The dollar gained against a basket of major currencies on Friday, posting its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than had been expected.» Read More
CNBC’s Diana Olick reports that now’s a good time to buy a vacation home, but it’s no longer possible to buy and flip a house to pocket a quick profit.
Michael Darda, chief economist at MKM Partners, told CNBC’s “Morning Call” that he doesn’t expect the Federal Reserve to cut interest rates anytime soon despite weakness in the latest economic report. But Joseph LaVorgna, chief U.S. economist at Deutsche Bank, said he expects the Fed to cut interest rates to spur economic growth.
Two key reports show more pain for the housing market, as existing home sales post a huge decline in March and home sales slide in most major U.S. markets, but new home sales manage a modest increase. Here's what the experts are advising buyers and sellers.
As oil prices swing, gasoline keeps rising -- and some analysts have predicted $4-a-gallon gas this summer. Will higher prices at the pumps affect the U.S. economy? Jan Hatzius, Goldman Sachs' chief U.S. economist, and Julia Coronado, senior U.S. economist at Barclays Capital, weighed in, on "Power Lunch."
Rod Kiddoo, chief investment officer at Cozad Asset Management, told CNBC’s “Power Lunch” that he believes the Dow crossing 13,000 signals higher levels ahead.
Hey folks, time for today's trivia questions. Here they are. The video question is worth $2,000 Bonus Bucks: The U.K's GDP came in higher than expected for the January-March period. How much did it rise? Your selection of answers is: 0.7% or 1.8% or 0.5% or 1.2%. And the news question is worth $1,000 Bonus Bucks: According to the new MBA survey, what was the average for the a 30-year mortgage last week? Your selection of answers is: 6.05% or 5.78% or 6.13% or 7.08%.
Stuart Schweitzer, global markets strategist at JP Morgan Asset & Wealth Management, told CNBC’s “Power Lunch” that jobs –- not high prices at the gas pump –- could become the major markets-shaping issue in the next few months.
Australia's producer prices were unchanged in the first quarter, confounding forecasts for a rise and offering hope that inflationary pressures were slackening enough to avoid another increase in interest rates.
What's in store for the market? Alec Young, equity market strategist at Standard & Poor's, and Edgar Peters, chief investment officer at PanAgora Asset Management, gave their forecasts on "Morning Call."
As market participants do their best to shake off repercussions of a booming Chinese economy, economists around the world will be gearing-up for yet another GDP release, this time from the U.S., where many await news on the extent of an economic slowdown.
The European Central Bank cannot give the all-clear on interest rates given the bright economic outlook and persistent price risks, Governing Council member Axel Weber said in a newspaper interview.
Mike Malone, equity and trading analyst for Cowen and Co., told CNBC’s “Closing Bell” that he remains bullish despite downbeat economic news at home and in China.
Joe Battipaglia, chief investment officer for Ryan Beck & Co., told CNBC’s “Power Lunch” that he believes the Dow Jones Industrial Average can reach 13,000, but the market will have trouble sustaining that level.
Where are U.S. markets headed if China cools down inflation? Art Hogan, managing director at Jefferies, and Sam Stovall, chief investment strategist at Standard & Poor's, gave "Morning Call" viewers their answer: "We go higher."
The Federal Reserve will have to cut interest rates in the second half of this year, partly to correct a housing market that’s overvalued by as much as 20%, bond guru Bill Gross told CNBC’s “Squawk Box.”
The Federal Reserve will have to cut interest rates in the second half of this year, partly to correct a housing market that’s overvalued by as much as 20%, bond guru Bill Gross told CNBC’s Joe Kernen on “Squawk Box.”
Ned Riley, chief executive officer of Riley Asset Management, told CNBC’s “Morning Call” that the Dow Jones Industrial Average will soon top 13,000 and 14,000 is possible. But Peter Schiff, president of Euro Pacific Capital, disagreed. “It’s not liquidity – it’s inflation,” Schiff said. “The new (market) high is meaningless. It’s an illusion created by inflation."
James Paulsen, chief investment strategist at Wells Capital Management, told CNBC’s “Closing Bell” that the economy beat lowered expectations, igniting Monday’s market rally.
A market expert told CNBC that the Goldilocks economic scenario is getting a little long in the tooth and is especially concerned with the financial sector, which may show cracks in the façade this week. "The stock market is overvalued," said Richard Suttmeier, chief market strategist at RightSide.com.
Sheila Bair, chairwoman of the Federal Deposit Insurance Corporation, told CNBC’s “Squawk Box” that it’s in lenders’ best interest to keep as many people with adjustable rate mortgages in their homes as possible. She’s meeting with representatives of the mortgage industry Monday in Washington to urge them to convert adjustable-rate mortgages to fixed-rate loans when possible.