Mortgage rates at some lenders spiked by as much as 1 percent on Wednesday and saw little relief on Thursday, mortgage brokers said.
The US government will need to keep Treasurys yields as high as 4 percent in order to entice investors to buy them, Pimco co-CEO Bill Gross said.
The Obama administration’s economic stimulus plan is working, Rep. Barnkey Frank, D-Mass. told CNBC.
The sharp jump in 10-year Treasury yields rattled the stock market, but it doesn’t signal a wave of super-inflation, analysts told CNBC Thursday.
So what does? Making money. Here is how you do it in this market.
Seven of 10 fund managers are betting that China and other emerging markets will lead the global economic recovery, according to a Merrill Lynch fund manager survey, and that could mean better investing opportunities abroad.
Fears about a downgrade of the US credit rating are premature, but not entirely unwarranted after Britain's outlook was cut to negative, analysts told CNBC.
The markets are sending warning signals that investors are concerned over US debt, Mohamed El-Erian, co-CEO of the bond king Pimco, said on CNBC.
S&P cuts outlook and government action will be needed to keep the top-tier rating, analysts said.
Below are the minutes released by the Federal Open Market Committee after its Apr. 28-29 meeting:
The stock market may hit new lows this year or the next as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved, legendary investor Jim Rogers told CNBC Wednesday.
The next financial meltdown will be in the currency markets, as central banks around the world have been printing money, giving the appearance of massive government intervention to weaken their currencies, legendary investor Jim Rogers, chairman, Rogers Holdings, told CNBC Wednesday.
The U.S. recession is likely to drag on for several more months before a modest recovery takes hold and slowly gains legs next year, a top Federal Reserve policy-maker said Tuesday.
School's out, surf's up, summer beckons. Time for college students to see if they can stay afloat in the worst economy their generation has known.
The singe European currency may bring the end of the whole European Union, because its one-size-fits-all approach means countries on the "wrong" side of the economic cycle lose out, European MP Nigel Farage said.
The Euro zone's GDP came out and made for dismal reading. It should be remembered this is yesterday's news, and there are "green shoots" in Europe as well that we will comment on in a moment. But the headline numbers were truly bad, and Germany's number was shocking.
Stocks flopped Friday, capping a dismal week, as bank stocks pulled back after recent gains.
If it's true that the group that led the last bull market doesn't lead the next one, investors will have to forget about banks and consider a new array of choices.
Stocks opened flat Friday as investors were encouraged by a pair of better-than-expected manufacturing readings but dismal economic data out of Europe and weak U.S. retail reports capped gains.
Futures pared losses Friday after a pair of better-than-expected manufacturing readings.