While not being comfortable with the current gold trade, Dennis Gartman told CNBC that the price of the precious metal will "continue to go up until it stops."
Governments and companies will soon find themselves battling over the small supply of private savings available, paving the way for another recession, Ron Napier, head of Napier Investment Advisors, told CNBC Monday.
Bristol-Myers Squibb said on Sunday it plans to split off its 83 percent stake in Mead Johnson Nutrition Company in a deal that lets Bristol shareholders exchange their shares for Mead Johnson common stock.
Significant weaknesses still have to work their way through the US economy, coupled with a rising level of debt, Kansas City Fed President Thomas Hoenig said Monday.
The dollar fell broadly Monday though it rose from session lows after Federal Reserve Chairman Ben Bernanke said the U.S. central bank is attentive to changes in the dollar.
Japan's economy grew at the fastest pace in more than two years in the third quarter, as stimulus lifted consumer spending and capital spending bottomed out, but analysts say growth will slow next year.
Friday, 13 Nov 2009 | Source: The Associated Press
The White House has told domestic agencies to assume their budgets will be frozen or even cut by 5 percent as it signals a big push to take on the deficit next year.
IMF managing director Dominique Strauss-Kahn said the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip.
Ugly U.S. unemployment data and Republican Party political momentum could set the stage for a Federal Reserve next year that leans more toward putting workers back on the job rather than scaring off inflation.
The U.S. government began fiscal 2010 with a record shortfall for the month of October, right after posting a record $1.4 trillion budget gap for all of the 2009 budget year, the Treasury Department said on Thursday.
With the US unemployment rate now at 10.2 percent, the Obama administration hopes an emphasis on building export opportunities in Asia will play well at home.
Sen. Dodd’s reform bill would jeopardize the Fed’s ability to safeguard the U.S. economy, said Frederic Mishkin, former Federal Reserve Board governor and a Columbia University economics professor on Thursday.
A new survey shows that even in those markets where investor competition has returned and prices on the low end are beginning to stabilize, homeowners still owe far more on their mortgages than their homes are currently worth... Read More
FHA: "Bailout Doesn't Apply." Those are not my words, but the words of HUD Secretary Shaun Donovan toward the end of a lengthy explainer on the FHA's annual actuarial report, released this morning... Read More
I'm back on the foreclosure bandwagon again, especially after getting the Treasury's Home Affordable Modification Program status report this morning, and its glaring omission of any information as to how many borrowers are actually keeping up with the payments on their trial modifications... Read More
While we all worry so much about the auto industry, I find it astounding that we don't pay all that much attention to the battered industries behind the battered housing market.... Read More