The Obama administration needs to present a detailed plan to investors to show how it will "restore fiscal sustainability," Pimco CEO Mohamed El-Erian told CNBC.
An index measuring sentiment among small business owners gained for the second consecutive month, moving just below a level that would indicate positive growth in the economy.
President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.
Despite recent signs that the economy is improving, slow growth will continue to be the "new normal" for investors, Pimco co-CEO Bill Gross told CNBC.
Warren Buffett's official biographer has a "fair warning" for investors: The Oracle of Omaha isn't as bullish as he sounds. Alice Schroeder says you need to listen to both sides of his psychology: "buoyant optimism tempered by extreme caution... In temperament, he could be the son of Woody Allen and Doris Day."
Wall Street is terrified of both inflation and deflation, high and low oil prices, a strong and a weak dollar. Here’s how you avoid the panic.
1st paragraph of story should go here
As confidence increases in stocks and a slew of factors works against US debt, investors are unlikely to flock to Treasury bonds until yields get significantly higher.
Sick of all the bad news and in need of some good? The Mad Money host finds reasons for cheer.
The recent surge in interest and mortgage rates is not down to the Federal Reserve’s purchases of Treasury and mortgage assets, sources familiar with the thinking of Fed officials told CNBC.
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: