Wharton School Professor of Finance Jeremy Siegel, explains why he sees the Dow rising to 18,000.» Read More
Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.
The markets found few immediate take aways in the comments of Fed Chairman Ben Bernanke today which largely focused on the current account deficit and the global savings glut. But if you wanted to hear the thoughts of a top central banker on the state of the economy...
Fed Chairman Ben Bernanke said the U.S. and other countries must work together to correct the global imbalance of trade and investment, offering no clue about a rate cut at the Fed's Sept. 18 meeting.
If the U.S. economy goes into a recession, investors are going to need some strong defensive stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Forget the nerds at the Fed. Investors are better off banking with these fantasy picks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The U.S. trade deficit narrowed slightly in July as exports continued to grow this year at a stronger pace than imports, even though both categories set records, a Commerce Department report showed on Tuesday.
Wall Street is counting down to next week's Fed meeting and not much else is influencing trading. Stocks are readying for a higher opening as investors wait for a speech from Fed Chairman Ben Bernanke later this morning and watch the action at OPEC.
During the recent housing boom, which is broadly defined as starting in January of 2003 and taking a turn for the worst in April of 2006, the economy added 1.29 million housing-related jobs (according to Moody’s Economy.com). Since that April, the sector has so far lost about 300,000 jobs, but many fear the worst is yet to come.
Economists are clearly worried about the U.S. falling into a recession, but they also believe the Federal Reserve can help prevent one by cutting interest rates.
Dallas Federal Reserve Bank President Richard Fisher on Monday said the U.S. economy appears to be weathering troubles in housing and financial markets, but it was uncertain how things will play out.
The prepared text from Janet Yellen's speech to the National Association for Business Economics’ Annual Meeting in San Francisco, California
The horrid jobs report Friday gave The Fed every reason to lower rates at its next meeting on September 18, but how much relief is needed? Futures markets place a 75% chance that The Fed will cut by half a percentage point. How low will Ben go and what's the trade as he cuts?
Stocks greet the new week with some trepidation and search for direction ahead of the open. European markets are slightly lower after an overnight selloff in most Asian markets, with Japan down 2.2%. Major exporting stocks led the decline in Tokyo.
There are 6 1/2 trading sessions until the Federal Reserve says for certain whether it's lowering interest rates. They're apt to be some of the most anxiety-ridden times on Wall Street in years.
CNBC talks to the the experts about what investors should do in this market.
Investors will look in the coming week for any signs of calm returning to distressed money and credit markets and await a signal from Federal Reserve Chairman Ben Bernanke on whether an interest rate cut is imminent.
August non-farm payroll employment dropped by 4,000, the weakest monthly report in four years. Strategists, analysts and economists offer CNBC their insights.
Bush administration officials Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month.
We reported some pretty nasty numbers from the Mortgage Bankers Association yesterday: A 51% rise in new foreclosures nationwide to the highest rate in the history of the MBA survey. And it’s a big bad number like that that is going to add more fuel to the fire in Washington among all those folks who have been bandying about the idea of some kind of government...
International Monetary Fund Managing Director Rodrigo Rato said on Friday he expected a downward revision of IMF world growth estimates for 2007 and 2008 because of global credit turmoil.