It's Fed Chairman Ben Bernanke's turn to weigh in on whether the economy is strong enough to justify the Fed slowing down its easing any time soon.» Read More
As chatter has grown about the possibility of a double-dip recession, so, too, have fears about another “D” word: deflation.
While the S&P 500, say, rose about 7 per cent last month, the mood is anything but euphoric. One striking feature of this summer is that trading volumes in many asset classes have tumbled
Despite statements from officials and analysts that a double-dip recession will not hit the US, there are some little-watched indicators that are pointing to a downturn in the economy, David Rosenberg, chief economist and strategist at Gluskin Sheff, said in a market commentary note.
Reforming the way governments spend money could unleash a second wave of disinflation that will boost the private sector, according to Nick Carn, global investment strategist at Odey Asset Management.
In my previous commentary on the U.S. dollar index published in May, I mentioned that the index, which surged in mere weeks then, was primed for a collapse due to the parabolic nature of its uptrend.
BP on Wednesday said its “static kill” operation to stem the leak at its Macondo well in the Gulf of Mexico appeared to have succeeded, a step the UK energy group described as a “significant milestone”.
There is too much pessimism in the markets and an old-fashioned rally may be on the cards as there are signals the economy is improving, Michael Browne, fund manager at Martin Currie, told CNBC.
The Federal Reserve will create a "final crisis" by continuing to print money because it is underestimating the strength of the economy, Marc Faber, the author of "The Gloom, Boom and Doom Report," told CNBC Tuesday.
Starting in July 2011, firms that are 401(k) service providers must disclose in writing all direct and indirect compensation received, make available plan investment options in connection with brokerage and record-keeping services or both and disclose any changes to the fee structure within 60 days.
The chances of a double-dip recession in the developed world are very weak despite a fall in global business confidence, according to researchers at Barclays Capital.
The Congressional Budget Office (CBO) in the US has warned that unless policymakers act, then growing budget deficits will cause debt to rise to unsupportable levels.
The US economy is in the middle of a pause in a modest recovery that feels like a "quasi-recession," Alan Greenspan, the former chairman of the Federal Reserve, said Sunday.
"We now believe that current conditions have moved policymakers into action and that the FOMC will adopt a more accommodative stance at its 10 August meeting," a Nomura economist said.
"It is likely that if the Dow where to fall by more than 20 percent from the present level there would be further massive fiscal and monetary stimulus packages – not just in the US but worldwide," Faber said.
US banks are taking advantage of improving earnings and growing investor demand to raise billions of dollars in debt at historically low interest rates, a move that could boost the sector’s profits in coming years.
Citigroup is to target wealthy US consumers in big cities with a revamped offering of accounts and credit cards, in the latest attempt to revive its North American retail bank.
Fears over a double-dip recession for the global economy are waning, but investors should be more worried about ultra-loose policy from the Federal Reserve, according to Joachim Fels, the co-head of economics at Morgan Stanley.
Gold and oil prices are flashing warning signals that this summer may look more like the summer before the collapse of Lehman Brothers, a currency strategist warns.
A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.