The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
U.S. stock futures were indicating a higher Wall Street open and a possible reversal of recent negative trends.Morning Briefread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
Global real estate investor Barry Sternlicht told CNBC on Thursday that he disagrees with Nobel Prize-winning economist Robert Shiller, who predicted a day earlier that the U.S. residential housing market looks topped out.
Housing is a major asset class that's "actually trailing asset bubbles," said Sternlicht, chairman and CEO of the $42 billion-plus investment firm Starwood Capital Group. "It's cheaper to buy a house and finance it, than it is to rent in many markets."
In a "Squawk Box " interview Wednesday, Shiller, co-founder of the Case-Shiller housing index, said he "won't bet" on the increase in home prices since 2012 continuing.
"Home prices are ... at about the right level based on history. So maybe they won't go anywhere in the near future," the Yale professor warned.
A day later on the program, Sternlicht expressed optimism about buying homes as an investment. "The housing sector is going to be a major asset class in this country."
The Starwood Capital chief did acknowledge that Americans are "a little nervous about taking mortgages." He blames that, in part, on the gridlock in Washington, D.C., in solving the country's debt problems and reforming entitlements.
But Sternlicht said the collapse in oil that's led to cheaper gasoline would help consumers feel more confident. "You're going to see things like lodging doing better this summer. People will be driving more." He also predicted the impact of less expensive prices at the gas pump would eventually translate into better retail sales.
On the investor side of the equation, he's concerned about the easy money policies being pursued around the world.
"Smart investors are really nervous," Sternlicht said. "It seems to me, there's a big dike [on] the world's economies, and the politicians and the [central] banks are plugging all these holes, but it's getting harder and harder to hold these holes."