*Yellen affirms view U.S. jobless rate understates slack. JACKSON HOLE, Wyo., Aug 22- The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike.» Read More
For those of you who spend your lunch hours (and your work hours) trolling the real estate pages to see what’s new, what’s for sale, what’s cheap, what’s cheaper and what’s in foreclosure, I want to turn you on to a new tool.
Stocks rose sharply Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan Chase.
San Francisco Federal Reserve Bank President Janet Yellen said on Wednesday that economic prospects for the United States are "unusually uncertain," with growth "at best" at a crawl.
Measuring inflation without including food and energy costs no longer makes sense, PIMCO Chief Investment Officer Bill Gross told CNBC.
U.S. stock index futures were higher on optimism triggered by Intel's positive outlook, with the tech-heavy Nasdaq showing strong gains, and two major banks posted results that were better than expected, casting some hope that battered financials may be turning the corner.
Over the past 12 months, consumer inflation is up by 4%, reflecting a 17% surge in energy costs and a 4.4% rise in food prices.
US consumer prices rose 0.3% in March, slightly less than expected as cheaper clothing helped hold down overall prices despite a modest rebound in energy prices, a Labor Department report showed.
A majority of Americans think now is a good time to buy a home, although few believe the U.S. economy can escape a recession, according to a Reuters/Zogby poll.
Surging energy and food prices pushed euro zone inflation to a new high of 3.6 percent in March, boosting the euro to a record high against the dollar on fading chances of a ECB rate cut in the near term.
China's surging inflation and rapid economic growth have eased slightly amid government efforts to end food shortages and cool an investment boom, according to data reported Wednesday.
Strong U.S. producer price growth in March may bode ill for Wednesday's reading on inflation at the broader consumer level, even though the two measures do not always move in lock-step.
An interesting tidbit from this month's RealtyTrac foreclosure report. The online service provides data on default notices, auction notices and bank reposessions, as well as lists foreclosed properties for a fee.
The growing inflation pressures are occurring at a time when the overall economy is slowing and many analysts believe may have toppled into a recession.
Producer prices advanced by a more-than-expected 1.1% in March after energy costs jumped, Labor Department data showed, but core inflation at the producer level was more subdued.
Investors looking for high returns and not afraid of volatility may want to look to Iceland for opportunities as the country starts to rebound from a sharp correction.
I'm always asking myself the same question as I cover this seemingly endless housing crisis: if so many programs with so many lenders are working their darndest to save troubled borrowers, then why do we even have a foreclosure crisis?
U.S. import prices rose by a more-than-expected 2.8 percent in March as petroleum prices jumped 9.1 percent, a Labor Department report showed Friday.
Japan wants the Group of Seven rich nations to show a clear determination to ensure financial system stability as global markets remain turbulent, Bank of Japan Governor Masaaki Shirakawa said on Thursday.
The Dow and S&P 500 snapped a two-day losing streak Thursday, led by technology stocks after an upgrade on the chip sector.
Stocks advanced Thursday, helped by an upgrade on the chip sector and increased forecasts from two Dow components.