Discussing the real estate market and Janet Yellen, with Joe Fallon, The Fallon Company CEO and president, and Don Peebles, The Peebles Corporation CEO & chairman. Peebles says the real challenge is getting credit for first time home buyers.» Read More
U.S. stocks futures are slightly firmer ahead of the opening in a market still cranky about credit worries and pondering the Fed's next move. European stock markets are mixed after trading lower this morning, and Asian stocks were lower overnight.
U.S. Federal Reserve officials meeting on Tuesday will grapple with how turmoil in financial markets and tighter credit may damage the economy, and could hint at some concern growth could falter.
A selling wave in global stock markets is sweeping futures lower this morning as subprime and credit woes once more rise to the surface. A new disclosure about a third troubled hedge fund at Bear Stearns is rattling investors.
Stocks are ready to spring higher on the opening as economic data, earnings and some merger news gets investor attention this morning. GM's better-than-expected earnings report is adding a positive tone.
Futures are perking up this morning and are setting stocks up for a firmer opening. Traders are turning their attention to earnings and some percolating merger news, and there's a calm on Wall Street after Friday's late day, mad dash down-hill ride for stocks.
Pulte Homes shares fell Thursday amid growing gloom about the housing sector, having reported dismal earnings after the markets closed Wednesday.
Pulte Homes on Wednesday reported a second-quarter loss of $2.01, in the positive end of the home builder's July 17 guidance: It had predicted a loss of $2 to $2.10 per share. Quarterly revenue was $2.02 billion, largely in-line with forecasts.
Credit worries and bad news from home builders trumped any positives from the stream of earnings being reported this morning. Wall Street is set up for a steep drop on the opening and the talk in the market focuses on whether the takeover boom is ending.
While corporate credit markets are all in a frenzy, some of the more sober traders out there point out the underlying fundamentals are still in good shape.
Strong earnings news is helping push credit market fears back into the shadows this morning, and stocks are poised to spring higher at the opening. Some Asian markets sold off after yesterday's bad day on Wall Street and Europe is mostly lower.
Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.
Expedia, the online travel agency controlled by Barry Diller, said it is cutting its plan to buy back its own shares by almost 80 percent, blaming a lack of attractive financing available in credit markets.
Credit checking business Experian said Thursday that fiscal first-quarter sales rose 11 percent, in line with the company's forecasts.
Moody's Investors Service cut its ratings for 399 residential mortgage-backed securities (RMBS), citing higher-than-expected delinquencies in the underlying loans, the same day that Standard and Poor's said it may cut ratings on $12.1 billion of mortgage-related debt.
Global mergers and acquisitions volume advanced by a record $1.67 trillion in the second-quarter, Dealogic reports. The global credit market has also had a strong run this year, with global corporate bond issuance, for both high-yield and investment grade, up around 30% in the first half from the same period a year ago.
Credit checking agency Experian said Tuesday it agreed to buy a 65% stake in Brazil's Serasa for $1.2 billion (892 million euros) in cash to expand into Latin America.
As the U.S. faces higher prices and adjustable mortgage rates, expect consumer spending to slow, economist Nigel Gault told “Morning Call.” But he also predicted that the slowdown may furnish some surprising benefits to America's economy.
I love plastic. I know, I know, the petroleum issues. But today I learned one more reason to love plastic: I can pay for my mortgage with it. Yes, American Express is breaking new ground, allowing its card members to pay their monthly mortgage bills on the card. I know what you're thinking, but hold on... Amex is requiring that these be prime loans only, so you can forget that whole subprime mortgage implosion issue. And of course, they'll be charging you $395 to enroll in the program.
After a recent Supreme Court ruling, this company could be in the clear. That's one more reason to own the stock.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.
Has the housing market hit a bottom -- or is it still sliding? Mike Englund, principal director and chief economist at Action Economics, and Mark Kiesel, investment strategist and portfolio manager at PIMCO, gave their views on "Power Lunch." One thing they agree on: Housing is not about to rise anytime soon.