LONDON, March 6- Sterling hit a more than seven-year high against the struggling euro on Friday, as interest rate differentials moved in favour of the British pound with the European Central Bank gearing up to launch its 1- trillion euro bond buying programme. Sterling was down 0.2 percent against the dollar $1.5208, not far from a four-week low of $1.5194 struck...» Read More
The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.
The Bank of Japan policy board's lone advocate of a rate hike said on Thursday a cut in U.S. rates would change the basis of discussion, as central banks wonder how gyrating markets will affect the world economy.
CEOs, politicians and economists are bringing up the "R" word these days. And nearly all of them have a simple solution: the Fed should cut interest rates--and soon.
Yesterday, the Dow DROPPED about 250 points as the Fed minutes from its August 7th meeting lent very little support to the idea that the Fed would cut rates at its September 18th meeting. Today, the Dow RALLIED about 250 points as a letter from Ben Bernanke to Sen. Charles Schumer contained unmistakably tones that the Fed was on top of things.
I received some interesting responses to today's blog on homeowners insurance in the South. Keep 'em coming! From RLB: Hurricane shutters are a great idea; costly but great. I've got sets on 2 of the six properties I own. But of my situation, and many other investors, they are incredibly expensive.
1st paragraph of story should go here
Fed policymakers in early August acknowledged they might have to ease a growing credit crunch but hoped for "more normal market conditions" without intervention.
The FOMC minutes from the Aug. 7th meeting came, and traders were disappointed with the commentary. How disappointed? The Dow dropped 140 points after the minutes came out at 2:00 p ET, an unusual move considering FOMC minutes rarely move markets, let alone 150 points. I mentioned earlier that the Fed minutes today would be more important than usual...
I like the S&P/Case-Shiller report, because it’s really the bones of the boom and the bust all wrapped up into two neat little pages. The report only looks at the top twenty metro markets, that is, the biggest cities in the U.S., where the real estate boom really took place. “The pullback in the U.S. residential real estate market is showing no signs of slowing down,” says Robert J. Shiller.
Tune into "Power Lunch" today. I'm filling in for the lovely Sue Herera who is on assignment today. Right ahead of the release of the latest minutes from the Fed's policy meeting, Bill Griffeth and I will be talking about just what to expect from Bernanke and the consumer. I'll also be asking the question: Is the consumer tapped out?
U.S. consumer confidence deteriorated in August to its lowest in a year on concerns about a softening labor market and market turmoil stemming from the subprime mortgage crisis, a business research group said on Tuesday.
German business confidence slipped again in August for the third month in a row amid volatility on global financial markets, a closely watched survey showed Tuesday, but the decline was smaller than expected.
Some Bank of Japan policy board members expressed concern in early July about the risks of U.S. subprime mortgage problems spilling over to global financial markets, minutes of the BOJ's July 11-12 meeting showed on Tuesday.
The chairman has called the bottom before. Did he do it again?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.
Increased sales and earnings, expanding margins and great catalysts are just a few of the reasons to consider buying this retailer - buy only if the Fed cuts rates.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.
Investors can now get this once-hated name on sale.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.
Stocks closed broadly lower at the end of a light-volume trading session as continued weakness in financial stocks brought down the major indexes. The Dow fell 56 points, closing near the lows of the trading session, while the S&P 500 and Nasdaq Composite ended with respective losses of 0.9% and 0.6%, respectively.
A reader writes in: It's Saturday and I'm enjoying a quiet afternoon. Suddenly there's a loud knock at the front door. I'm not expecting anyone so I'm curious to see who knocking so aggressively. I open the door and there's a woman standing there with a clipboard. She asks to speak to the owner of the house, Mr. X (not his real name). I advise the woman that he doesn't live here anymore, I am a renter and he is my landlord.
While July existing home sales came in in line with expectations, the pace is still weak and the increase in inventory (to 9.6 months supply at the current sales pace) is especially unwelcome. This occurred before the recent credit crunch, so the concern is that difficulties in the mortgage market may further impact sales in August.
I said the word bupkiss on TV this morning. Is that kosher? I just couldn’t think of a better word, for all my years of hifalutin network journalism experience. It’s just that everyone wanted to talk about the July existing home sales numbers, how sales were essentially flat, and that was better than many folks had predicted, and yadda yadda, isn’t that nice?