ATLANTIC CITY, N.J., May 2- Atlantic City, New Jersey's cash-strapped gambling hub, avoided a default on Monday by making its $1.8 million debt service payment, Mayor Don Guardian said. "If we didn't make our bond payment it would be detrimental, including us," Mayor Don Guardian said at a press conference. Tax-exempt serial maturities from 2023 through 2032 are... » Read More
John Burns says staying the course is the only smart path to prosperity. Burns, founder and chief investment officer of Burns Advisory Group, joined CNBC's "Power Lunch" to offer his insights into how to play the market today -- and how to prepare for tomorrow.
Planning for retirement? Then forget the "margaritas by the pool" and start spending less, says Ivory Johnson, director of financial planning at The Scarborough Group. She joined CNBC's "Power Lunch" to discuss sound retirement strategy -- and took the opportunity to criticize Federal Reserve policy.
Treasury bond prices rose Wednesday as fresh evidence of a dismal US housing market overshadowed data showing inflation pressures rose slightly, bolstering investors' hopes for an interest rate cut.
The Federal Reserve will cut interest rates again but probably not at the October policy-making meeting, said Bill Gross, manager of the world's biggest bond fund on Tuesday.
U.S. government bond prices rose Tuesday as worries about credit markets and slipping equities prompted investors to seek the safety of Treasurys.
U.S. Treasury debt prices rose Monday as stock losses inspired by a weaker financial sector and fresh worries about credit shortages rekindled a bid for safe-haven government bonds.
U.S. Treasurys fell Friday after firm economic data eroded expectations of a bond-friendly Federal Reserve rate cut this month and rebounding stocks sucked cash out of the safe-haven debt market.
US Treasuries fell Thursday after lower-than-expected weekly jobless claims bolstered views of a healthy labor market, lowering expectations of a near-term interest rate cut.
U.S. government bond prices were little changed Wednesday, as doubts over the outlook for future Federal Reserve interest rate cuts offset an earlier boost in Treasuries provided by sliding stocks.
U.S. Treasurys rose slightly Tuesday in lackluster trade as investors looked ahead to the release of minutes from the Federal Reserve's last policy meeting when the central bank cut benchmark interest rates.
The $50 trillion market for credit default swaps is set to continue a five-year trend of breakneck growth and increasing sophistication after serving a vital role during the summer credit crisis.
U.S. Treasury debt prices plunged on Friday, after a much stronger reading on the labor market suggested the Federal Reserve might not need to cut interest rates later this month.
U.S. Treasury debt prices rose Thursday after a steep drop in factory orders suggested businesses are feeling the brunt of a slowing economy.
The world's largest brokerage Merrill Lynch, which is expected to announce third-quarter losses in fixed income, said that global head of fixed income, currencies & commodities, has left the firm.
Merrill Lynch said on Wednesday that David Sobotka replaced Osman Semerci as global head of fixed income, currencies & commodities.
U.S. Treasury prices slipped Wednesday after service sector data showed more hiring and a spike in costs, both worrisome inflation omens for bonds.
U.S. Treasurys edged up on Tuesday after data showing pending homes sales fell three times more than forecast, blunting hopes for a swift end to a two-month lending crisis in financial markets.
Long-dated U.S. government bonds rose on Monday as the outlook for manufacturing dimmed and three top investment banks said earnings came under pressure from the global credit crisis.
U.S. Treasury debt prices rose Friday, the last day of a booming quarter for bonds, after evidence of easing inflation appeared to pave the way for the Federal Reserve to continue to cut interest rates.
U.S. Treasury debt prices were flat to slightly lower Thursday, as data suggesting a solid job market offset hopes of more interest rate cuts by the Federal Reserve amid worries about the housing slump.