LONDON, Nov 27- European firms squeezed by low interest rates are having to consider new, riskier ways to manage trillions in corporate cash as they are snubbed by banks awash in new regulation that may also spell the demise of their go-to investment funds. Corporate treasurers have been under pressure since the financial crisis of 2007-09 when the collapse of...» Read More
If the subprime default mess weren't enough, get ready for the sequel in the Alt-A market. Pundits say so-called “no-doc” or “liar loans -- popular among housing bubble speculators -- will bring another spate of defaults.
The stock market has an appointment with the Fed today and Wall Street is largely non-committal ahead of the open. But some healthy earnings reports are adding positive sentiment.
U.S. mortgage applications fell last week for the first time in four weeks, reflecting a drop in demand for home refinancing even as interest rates hovered near recent lows, an industry trade group said on Wednesday.
The Bank of England's Monetary Policy Committee unexpectedly voted 8-1 to keep interest rates at 5.25% in March, with David Blanchflower wanting an immediate 25 basis point cut, minutes showed on Wednesday.
Susan Wachter, a professor of real estate and finance at the Wharton Business School, told CNBC’s “Power Lunch” that the Federal Reserve won’t cut rates to help the troubled housing market.
David Jones, chief executive officer of DMJ Advisors and a former economist at the Federal Reserve, told CNBC’s “Power Lunch” that he expects the Fed to maintain interest rates at current levels until inflation is under control.
Richard DeKaser, chief economist at National City, told CNBC’s “Morning Call” that he doesn’t expect the Federal Reserve to cut interest rates until 2008 at the earliest.
Financial markets expect the Federal Reserve to hold benchmark interest rates steady Wednesday as the central bank gauges the impact of recent market turmoil and subprime mortgage woes while prices remain stubbornly high despite a softening economy.
The economy should be able to handle the subprime mortgage meltdown, but the pain will continue into the next decade, CNBC’s Steve Liesman reported Monday.
Peter Andersen, portfolio manager for Dreman Value Management, told CNBC’s “Morning Call” that he believes concerns about fallout from the subprime mortgage sector are overdone.
Fresh data about the weak-kneed housing market and a two-day Fed meeting are highlights in a week that investors enter with anxiety.
China's central bank said Saturday it will raise key interest rates by more than a quarter percentage point in a move to cool torrid economic growth.
The central Bank of Norway will increase interest rates by a quarter of a percentage point for the sixth time since May in a bid to cool off Norway's oil-fired economy, the bank said Thursday.
The Swiss National Bank raised interest rates by 25 basis points on Thursday and said more tightening was probably needed to secure price stability in the long term as the weak franc could push up inflation.
Does the market have you scared? "The fear is interesting," says Tobias Levkovich, Citigroup's chief U.S. equity strategist. He joined "Squawk on the Street" to talk about "worried" investors -- and what they ought to do now.
Subprime shakeout: New Century Financial had its NYSE trading suspended on Tuesday, facing delisting and an SEC accounting probe. Everyone suddenly seems to agree that the high-risk mortgage sector is in flux. Two analysts joined "Closing Bell" to talk about the current environment -- and what they see happening in the near future.
Homebuilding stocks took a hit Monday, as traders digested a report on the industry from veteran homebuilding analyst Ivy Zellman at Credit Suisse. Among her comments: 40% of the mortgage market (the subprime and Alt-A market) is at risk of fallout, from tightening credit and increased regulatory scrutiny.
Wages haven't kept up with productivity gains, making the current economic expansion good for corporate profits, but not so good for hourly workers. Wage growth is good news for consumer spending -- and not inflationary -- as long as productivity continues to increase.
Mixed messages: analysts decoding Friday's jobs report see a slightly disappointing February, but a stronger December and January. However, the different numbers didn't stop two experts from telling "Morning Call" that the news is good.
Brett Gallagher, deputy chief investment officer at the Julius Baer Global Equity Fund, told CNBC’s “Squawk on the Street” that he sees strong growth in Europe as the U.S. economy slows.