Wall Street opened lower on Friday as investors assessed August jobs data, which showed that fewer-than-expected jobs were added to the economy even as unemployment rate dropped to its lowest in more than seven years.
Participation Rate Stuck at 38-Year Low for 3rd Straight Month
A new home-price index is a warning sign for some property markets
The $3.6 trillion the federal government has pumped into the U.S. economy since the 2008 financial crisis fueled a tech bubble that led to startup valuations that far exceed those of successful established companies in traditional industries.
When the bubble vision stock peddlers get desperate, they talk decoupling. So by the end of today's bloodbath you would have thought China was on another planet, and that "commodities" were some trinket-like collectibles gathered by people who
Stories about plummeting stock markets, a sputtering Chinese economy, and the yuan versus the dollar have dominated financial news over the past few weeks. Lost in the din: the economic disaster continuing to unfold in Venezuela.
A decade ago, Richard Myers was the director of the Department of Genetics at the Stanford University School of Medicine, where he enjoyed the fruits of a rich endowment and his pick of faculty members and graduate students.
Chinese factories slow down significantly Wall Street plunged Tuesday after investors feared weak data from China, the world's second-largest economy, would lead to a global recession.
They won't anyway and it will cost us much more
U.S. lenders earned a record $43 billion in profits for the second quarter -- a 7.3 percent increase from a year ago, the Federal Deposit Insurance Corp. said Wednesday.
The billionaire bond trader with a penchant for parading around investment conferences in sunglasses and referring to himself in the third person released a note Wednesday morning detailing his outlook for the global economy, and within an hour of it
ConocoPhillips (COP), one of America's largest energy companies, disclosed plans on Tuesday to cut about 1,800 jobs. The biggest chunk of layoffs will take place in North America, including more than 500 just in Houston.
Hedge fund managers are buying up remote ranches and land in places like New Zealand to flee to in event of wide-spread civil unrest
With indicators from macro-fundamentals to market-oriented measures all flashing various colors of dead canary in the coal-mine red, we thought today's colossal spike in the Arms (TRIN) Index was a notable addition.
With every passing week that money markets rates remain pinned to the zero bound by the Fed, the magnitude of the financial catastrophe hurtling toward main street America intensifies
Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.
The number of U.S. residents who are struggling to survive on just $2 a day has more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation
U.S. stocks fell nearly 2 percent or more on Tuesday, the first day of trade for September, as weak Chinese data pressured global markets.
During a week when central banking is the prime focus of the currency market, traders who were whipsawed in August are looking to their colleagues on interest-rate desks for clues about whether they should buy or sell the dollar.
Witch Hunt Review
For investors already nervous about being able to afford retirement, seeing the recent stock market swings reflected in their 401(k) balances can be deeply unsettling.
Wall Street reporting is a joke
Last weekend, we explained why it really all comes down to the death of the petrodollar.
Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions" to our economic woes.
New week, same old talkers: the Fed, China, oil...Here are the six things you need to know before the opening bell rings in New York: U.S. stock futures are lower on Monday, and oil prices are falling two percent.
Alarming data from China was met with a soothing hint about monetary policy. But treasuries cannot keep pumping cheap credit into a series of asset bubbles
Having recently explained (in great detail) why QE4 (and 5, 6 & 7) were inevitable (despite the protestations of all central planners, except for perhaps Kocharlakota - who never met an economy he didn't want to throw free money at),....
Stanley Fischer isn't worried about the low inflation we're seeing in the economy.
One narrative we've pushed quite hard this week is the idea that China's persistent FX interventions in support of the yuan are costing the PBoC dearly in terms of reserves.