James Mirrlees, 1996 Nobel Memorial Prize Laureate in Economic Sciences, outlines what is needed to revive growth in the euro zone.» Read More
The Dow, Nasdaq and S&P 500 are down this morning after a better-than-expected jobs report. That’s right, healthy employment numbers have caused a dip in the market. Traders appear to be more concerned with the Fed these days, and the robust report could mean there's no rate cut in the near future. William O’Neil’s Stephen Porpora can’t understand why everyone is so surprised. He appeared on "Squawk on the Street."
The dollar built on Wednesday's gains versus most major currencies this morning, as investors bet that talk of nearer-term interest rate cuts in the U.S. had been overdone.
U.S. Federal Reserve officials agreed at their December meeting inflation was the predominant concern, but some felt the "subdued tone" of economic data meant risks to growth had increased, minutes released on Wednesday show.
The Federal Open Market Committee released the minutes from its Dec. 12 meeting this afternoon. The language sounds about the same as the last Fed check-in, that inflation is still a concern. But the report notes that several members of the FOMC are worried about economic growth. Erin Burnett hosted two top analysts on “Street Signs” to debate the issue – is inflation inevitable?
The dollar slipped against the euro and yen after minutes of the Federal Reserve's policy meeting on Dec. 12 indicated the central bank sees the downside risks to economic growth have increased.
The dollar declined across the board on Tuesday, while the euro rallied as investors began the new year hunting currencies with rising yields.
As we've noted before--the U.S. housing market had its up and down in 2006. But when it comes to REITs (real estate investment trusts)--they did incredibly well--up on average of 35% for 2006. As we've been asking the question in other economic areas today--we ask if that kind of return will continue for REITs in 2007? Most say yes. John Wenker is portfolio manager for First American Real Estate and Michael Grupe is Executive VP of Research at NAREIT.
Not everyone is predicting a rosy economic scenario for 2007. There are some who think we could have some hard times this year. One of those is Emanuel Balarie. He's senior market strategist at Wisdom Financial. On "Power Lunch," Balarie says the U.S. housing market is still a concern. In fact, he says that besides housing---recession and inflation are major concerns as well.
Showing up for the first trading day of the New Year is a little like arriving for the first day of school. Good grades from last year no longer count, and the books are no longer relevant. That feeling is especially strong when the old year rang in some very comfortable double digit gains for stocks, and the path to the next year's profits is not so clear. The first week of 2007 is awash in data, including the Friday jobs report, auto sales, retailers'.....
The euro hit record highs against the yen for a second day Friday, supported by expectations the European Central Bank will keep raising nterest rates, while the dollar weakened in holiday-thinned trading.
The dollar slipped Thursday but pared its losses after stronger-than-expected data suggested a far more resilient U.S. economy than a recent run of reports had indicated.
In an exclusive cnbc.com interview, Global Insight Chief Economist Nariman Behravesh tells CNBC’s Rebecca Jarvis why he thinks fears of a 2007 recession are “completely off the mark.”
Bob Milliken of BB&T Asset Management and Jim Paulsen of Wells Capital Management gave CNBC’s Bob Pisani their predictions for the new year.
The dollar was largely down against other major currencies, although a surprisingly strong rise in new home sales helped the dollar reverse some of its losses.
There's been a lot of speculation in the market lately that we've come so far so fast a correction is inevitable. But not according to our "market maven" -- Hennessey Funds President Neil Hennessey. On "Power Lunch," he said the Dow could jump as much as 20% next year, surpassing 15,000 on the upside.
The dollar strengthened against the yen, hitting two-month highs Tuesday, on weak Japanese inflation and spending data, while the greenback remained flat against other major currencies in holiday-thinned trading.
The dollar moved higher against the major currencies after the University of Michigan's final December consumer sentiment reading beat forecasts. The dollar rallied to its highest level against the yen in nearly two months.
The dollar finished flat against the euro and little changed against the yen as trade thinned and investors wound up their books ahead of the holidays.
The dollar edged up amid light trading volume on Wednesday as dealers prepared for a possible rebound later in the week when U.S. economic data is released.
The market has shrugged off all kinds of bad news in the last 6 months setting 21 new highs since October. Can the Teflon Dow continue? On “Power Lunch” CNBC’s Bill Griffeth asked Hugh Johnson, Chairman and CIO at Johnson-Illington Advisors and Malcolm Polley, CIO at Stewart Capital Advisors.