US banks could face the same pressures as European counterparts, SocGen chairman warns
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with for years, Lorenzo Bini Smaghi, the chairman of Societe Generale, told CNBC Saturday. The U.S. central bank was...
El-Erian: The market has ‘gotten carried away’ with its Fed rate cut predictions
The market is expecting too many cuts from the Federal Reserve this year, widely followed economist Mohamed El-Erian said Friday. “We as the market base have gotten carried away — carried away thinking it will be 50 basis points in...
Fed chief Powell has had a series of very short phone calls with Trump this year
President Donald Trump shakes hands as he announces his nominee for Chairman of the Federal Reserve, Jerome Powell, in the Rose Garden of the White House in Washington, DC, November 2, 2017. Saul Loeb | AFP | Getty Images President...
Strong job growth is back: Payrolls jump in June well above expectations
Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged...
‘Trumponomics’ co-author: Trump’s Fed picks should easily gain Senate approval
President Donald Trump’s newest picks for the Federal Reserve board should easily gain Senate approval, economist Art Laffer told CNBC’s “Closing Bell ” on Wednesday. “I don’t see why there should be any controversy ever on getting these two approved,”...
Jobs report could show a slowing trend and be the lever the Fed needs to cut rates
Ten years into the recovery, the economy’s ability to create new jobs may be slowing both because the U.S. is running out of workers, and also because the trade war may be worrying employers. Economists expect to see 165,000 jobs...
Wall Street analysts are crazy about these stocks and see big upside in the next 12 months
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images With the S&P 500 up more...
Trump’s latest Fed moves are another step in trying to take control of interest rates
The U.S. Federal Reserve building in Washington, D.C. Adam Jeffery | CNBC The market and the Federal Reserve are currently far apart when it comes to expectations of where rates are headed. Two candidates who President Donald Trump said he...
Barclays: A ripping rally sending the S&P 500 up 10% is now the ‘highest probability outcome’
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an...
US trade deficit widens to a 5-month high of $55.5 billion in May
Shipping containers lie stacked on a ship docked at the Port Newark Container Terminal, Newark, New Jersey. Getty Images The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened....
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