South Dakota man sentenced over railroad workers' lead poisoning at Idaho job site APNewsBreak: Bank of America reaches $17 B settlement with US over sale of securities Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion Stocks higher for third day, despite signals from the Fed about raising interest rates Some Fed officials argue that economy is improving fast enough to signal lower support As Yellen prepares to detail her economic outlook, 6- month Fed honeymoon is likely to end soon Apple's stock soars to new high amid rising hopes for bigger-screen iPhone, other new products Target cuts annual profit outlook as retailer continues to reel from breach Berkshire Hathaway to pay $896,000 penalty for not notifying regulators about 2013 USG deal Icahn discloses 8.5- pct stake in Hertz, plans to have talks with rental car company» Read More
The European Central Bank left its key interest rate unchanged at 4 percent on Thursday, as widely expected, and its president Jean-Claude Trichet warned on inflation pressures.
The Bank of England kept the interest rate unchanged at 5 percent on Thursday, caught between the threat of rising inflation and increasing evidence of a weakening economy.
The European Central Bank will most likely do on Thursday what it has done every month since the credit crunch started last August: keep rates steady and talk tough on inflation.
South Korea's central bank held interest rates steady for the ninth consecutive month on Thursday, saying Asia's fourth-largest economy was faced with conflicting risks from inflation and economic slowdown.
The chairman of the U.S. Securities and Exchange Commission said the agency plans to require the top investment banks to publicly disclose their current liquidity and capital positions.
Before Democrats could even utter the words, “housing,” “rescue,” “FHA” or “predatory,” President Bush had already let the threat fly: “I will veto the bill that's moving through the House today if it makes it to my desk.” Nuff said, Sir.
The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.
The European Central Bank is widely expected to keep interest rates on hold at 4 percent on Thursday, but the opposing pressures of rising inflation and slowing growth could mean the central bank has to act before the year is out.
UK interest rates are expected to remain on hold at 5 percent when the Bank of England’s Monetary Policy Committee announces its decision Thursday, as fear of inflation prevents aggressive cuts that could boost Britain’s weakening economy, analysts told CNBC.com.
The House is due Wednesday to begin debating a housing rescue package that could see the government buy up $15 billion of abandoned homes and help an estimated half million homeowners facing foreclosure.
U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal.
The continued rise in U.S. crude oil prices, which hit an all-time high above $122 a barrel on Tuesday, seems almost unending...
I have to say I never really bought the so-called “recovery” in the homebuilder stocks that we saw at the beginning of the year. There was a lot of talk of a “bottom” in the stocks, despite the fact that nobody is ready to call a bottom in the housing market.
Fannie Mae on Tuesday cut its dividend and set plans to raise $6 billion in fresh funds to weather the severe U.S. housing market slump, driving its shares and the broader U.S. stock market lower.
Martin Feldstein, head of the National Bureau of Economic Research, told CNBC: "the odds are we will slide into a recession."
Federal Reserve Chairman Ben Bernanke on Monday said conditions in mortgage markets remain strained, posing a threat to the economy, and urged steps be taken to prevent home foreclosure where possible
Analysts this morning began raising some red flags over the Bank of America/Countrywide deal, citing deterioration in the mortgage market that could lead BofA to walk away, or at the very least lower its asking price.
US banks kept tightening lending standards and terms for both business and consumer loans over the past three months out of concern about a weakening economic outlook.
President Bush sought to assure Americans Saturday that federal checks en route to them as part of a stimulus plan will help spur the ailing economy and pay for soaring gas and food prices.
I want to talk about a huge number: 457,000. That’s the number of construction jobs that have been lost since the sector peaked in September of 2006. What’s interesting to me about this number is that at the beginning of the downturn in housing we didn’t see a huge drop in construction jobs, primarily because workers moved from residential into commercial.