Stock index futures extended losses after an initial uptick as data showed June orders for durable goods, excluding transportation, rose less than forecast despite overall orders posting their largest advance since July 2007.
The Dow rose for a sixth straight session Tuesday as stocks got a boost from an encouraging report on home prices and an unexpected jump in consumer confidence.
Renominating Ben Bernanke won't take the heat off the Federal Reserve
Stocks started the day higher Tuesday after an encouraging report on home prices, then soared even higher following an unexpected jump in consumer confidence.
U.S. stock index futures pointed to a modestly higher open Tuesday, following the previous day's session in which the major averages finished with very little change.
What a difference a year can make! In 2008 at the heralded Fed Jackson Hole meetings in the Grand Tetons, economists gathered to discuss the global economic picture and the troubled US financial system.
The Obama administration today will announce that the US government's fiscal deficit will only be $1.58 trillion versus the $1.842 trillion that was forecasted in May. According to Bloomberg, the drop was due to the administration scrapped contingency plans to provide hundreds of billions of dollars in additional aid to the financial industry.
As WaPo reports today, Democratic in-fighting over the White House's apparent shift away from the public option is a move that has riled progressives and threatened to derail the broader debate.
From the first quarter, we had the Chinese and Russians expressing concern over the direction of the US fiscal position. This lead to the suggestion/advocation that a new world reserve currency be established.
Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings.
A period of weak stock markets and strong dollar is likely to come after the strong rally in developed and emerging markets alike, Marc Faber, the author of "The Gloom, Doom and Boom Report," told CNBC.
The world economy still risks a double-dip recession if oil prices rise toward $100 per barrel and if huge U.S. government debts frighten investors, Nouriel Roubini, professor of economics and chairman of RGE Monitor, told CNBC.
Is this just a momentary blip on the radar or is it the start of the 2009 summer sell-off?
House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials.
Government bonds are a "very problematic" investment right now because of a large number of issuances and because they have been pushed down by the latest rally in stocks, Uwe Parpart, chief economist and strategist at Asia Cantor Fitzgerald, told CNBC Monday.
The world economy needs a second stimulus if it is to avoid the fate of Japan in the 1990s when it was stuck with years of sluggish growth, Nobel laureate and professor of economics Paul Krugman told CNBC.
AIG’s share price has now advanced more than 100% during the week. While it was a short squeeze that contributed the bulk of that move, today’s upward tide is due to a belief that AIG has found some stability in its business.
The Obama administration's foreclosure relief plan is off to a slower-than-expected start, with some of the biggest financial firms showing poor participation rates.
The Treasury Department on Monday reduced its borrowing estimate in the current July-September quarter by $109 billion, some rare good news about the government's financial needs.
The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes to foreclosure.