*Circumspect on implications of China, Greece troubles. SYDNEY, July 7- Australia's central bank held interest rates at record lows on Tuesday as sliding commodity prices, a still-high currency and mounting economic uncertainty in China argue for continued stimulus, and even the chance of more cuts. He also declined to go into detail on the implications of...» Read More
Traders believe it’s all but certain the Fed will cut rates for the second time this month. The big question is, just how low will the Fed go?
Wall Street went on a bargain-hunting bonanza, with a frenzy of activity in the final hour of trading, sending shares up 10 percent.
Investors went on a late-day buying spree, scooping up shares of beaten down stocks and sending the major indexes soaring 7-8 percent.
What will it take? Plus, Cramer makes the call on Raymond James, Stifel, Wells Fargo, NYSE Euronext and more.
A little known quarterly report from the Census bureau came out today. It measures the homeowner vacancy rate in this country, which you would think might have skyrocketed in the last year given all the talk of foreclosures. Well it’s up, but not by all that much, so I called over to the Census to find out what gives.
Volatility reigned again on Wall Street Tuesday as jittery investors had a hard time committing to the morning's early rally -- or to the subsequent paring of gains.
Stocks opened higher Tuesday after Monday's late selloff as international markets bounced back amid expectations of a U.S. rate cut.
Stock index futures pointed to a substantial gain at the open Tuesday, following Monday's late selloff, as international markets rebounded and investors pondered the effect of an upcoming expected interest-rate cut.
How this approach could pay off for your investments.
Every time a new report is issued in the housing market these days, I get at least a dozen interpretations in my In box within a matter of minutes.
Next week is expected to mark the start of the US economy’s entry into recession and the end of the Fed’s conventional monetary policy.
I won’t deny today’s existing home sales numbers from the National Association of Realtors were a bright spot in an otherwise, dare I say, ridiculous economy, but I also won’t deny the fact that these numbers are likely unsustainable.
For a sixth week, the total amount of commercial paper outstanding plunged, falling $61.5 billion to $1.449 trillion in the week ended Wednesday. Three weeks ago, the commercial paper market contracted a record $94.9 billion. Cumulative declines for the six weeks total about $365 billion.
So I was going to write more today about foreclosures, given that we’ve got more numbers showing just how much worse things are getting, but then I got an email that I just had to share, well, a string of emails.
Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess.
I've spent much of my week at conferences. First at the Mortgage Bankers Association and today at the National Association of Home Builders Construction Forecast Conference. I'm struck with the similarities: first that attendance appears to be pretty low at both.
The big debate now is how deep and how long the recession will be. The short answer is bad enough and probably the worst in 25 years.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
The US economy is entering a two-year recession that will be longer and deeper than previously feared, said Nouriel Roubini, a well-known economist and professor at New York University.
Watch the exclusive video to see what Carmen has to say.