As the summer wears on and discontent grows, I expect calls will be louder and louder for additional stimulus from Congressional Democrats to put more Americans to work.
The stock market is still in danger of breaking through its March lows as the economy continues to struggle, economist David Rosenberg told CNBC.
French workers normally take off much of the summer, but this month, there is something of a revolution going on here at this former royal chateau roughly 30 miles southeast of Paris. The throngs of tourists will be jostling alongside stonemasons, restoration experts and other artisans paid by the French government’s $37 billion economic stimulus program, the New York Times reported.
Treasurys and other government bonds will prosper if the inflation threat stays at bay a little longer, and a slight fall in the Russian market would help the global economy, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
The slide in employment is representative of what the US economy faces for years to come, Pimco's Bill Gross says.
Legislators in more than a half-dozen states, their revenues evaporating in the recession, frantically worked to stave off government shutdowns and devastating service cuts. California failed to meet a midnight deadline and now may need to issue IOUs instead of paying bills.
Question: I’ve been thinking about retiring for a few years now but I’m really concerned about how expensive everything is. I’m still working and wondering if I’ll ever have enough to retire. How do you help people cope with high inflation? Phillip, CT
Fears about inflation and hyperinflation could create another economic downturn, bigger than the one the world went through, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.
People who invested with Bernard Madoff were greedy and happy to accept high returns without probing too much in the way these were achieved, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.
The markets are still struggling and consumers are saving more, causing concern that a recovery will be slow. Art Cashin, floor director at UBS, weighed in Friday with his thoughts.
It appears that almost every nation's central bank is engaged in supplying emergency funds or funding to their respective financial systems to stabilize the economy. It appears that almost every nation is engaged in re-regulating their economic and financial systems. It appears that every nation has enacted a stimulus program of tax cuts and government deficit spending.
Considering we just ended a week long sale of Treasurys totaling a record setting $104 billion in debt, how should you play the back of it?
Fed Chairman Ben Bernanke tells Congress he didn't pressure BofA into acquiring Merrill Lynch in a deal that cost taxpayers $20 billion.
Just which way are the markets headed? Art Cashin, floor director at UBS weighed in Thursday. "The market's staggering a bit here," said Cashin.
Download the full transcript of Warren Buffett's headline-generating live interview on June 24, 2009 with CNBC's Becky Quick.
The government says the number of people filing first-time claims for jobless benefits increased last week, partly due to layoffs related to the end of the school year.
Federal Reserve Chairman Ben Bernanke needs to explain whether the Fed kept the Securities and Exchange Commission in the dark about Bank of America's acquisition of Merrill Lynch before the central bank is given more power under financial reforms, Rep. Darrell Issa , R-Calif., told CNBC.
Facing an economy that is perking up slightly but still deep in recession, the Fed left its rescue policies unchanged and said that it would keep interest rates low for an extended period, the New York Times reports.
There were some minor tweaks to the Federal Reserve's statement today, but otherwise the major thrust of the Fed's extraordinary policy to combat the financial crisis remains in place: keeping interest rates "exceptionally low .... for an extended period" and continuing massive purchases of treasuries and mortgage-backed securities.
Warren Buffett appeared live on CNBC with Becky Quick today, Wednesday, June 24, 2009. Buffett told us the economy is in a "shambles" with no signs of a recovery anytime soon. He also criticized Apple for not disclosing earlier that CEO Steve Jobs had received a liver transplant. This is a transcript of their conversation.