Jeff Cox, CNBC.com’s Posts

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Every year, the Federal Reserve takes it upon itself to conduct stress tests of the nation’s biggest banks, measuring them for how well they would hold up under the weight of another crisis the likes of which engulfed the financial system in 2008 and 2009. The results purport to give a clear picture of the …

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Bill Gross

As Bill Gross sees it, investors face a tough time ahead trying to pick places to put money in a world where basically everything is mispriced. Central banks that have kept rates low have helped boost asset prices, but the landscape will be different now that stimulus from the Federal Reserve and elsewhere is losing …

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A U.S. military veteran listens as a manager with Lowes explains the jobs available in Miami

Private business job creation decelerated in March as an economic slowdown and other factors put a dent in activity, according to the latest report from ADP. Companies added 189,000 positions for the month, down from the 214,000 in February, a number that was revised slightly upward from the 212,000 initially reported. Virtually all the new …

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The outlook for corporate profits is getting worse, and it’s not just about the battered energy sector. Banks, looked to as a bright spot for the upcoming earnings season, might not live up to expectations, according to an analysis from Goldman Sachs. The firm’s analysts have cut profit outlooks for three of the top four …

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The suddenly dour forecast for corporate profits in 2015 is accompanying fears that a recession will be close behind. In fact, the two have gone pretty much hand in hand over the years, which is why a looming earnings pullback in corporate America has sparked concern on Wall Street. Since the end of World War …

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A market that just a week ago worried that the Federal Reserve would begin raising rates too soon is now entertaining a very different set of possibilities. The most extreme among them: Speculation over a chance, however remote, that the Fed may not only tighten later and slower than expected, but may choose to employ …

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The Federal Reserve fired its first warning shot Wednesday that it is going to start hiking interest rates–sometime. As the global investment community focused its attention on the U.S. central bank, the Fed Open Market Committee lived up to expectations: It dropped the word “patient” from its post-meeting statement, an indication, subtle though it may …

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For the first time in nearly five years, credit card default rates are on the rise. While still low on a relative basis, the February default rate for bank cards increased nearly a quarter percentage point, from 2.61 percent to 2.84 percent, according to the latest S&P/Experian Consumer Credit Default Rate report. On a year-over-year …

Rebecca Cook | Reuters
A worker at the Ford Rouge Center in Dearborn, Michigan.

Much of Wall Street had been looking for the U.S. economy this year to exceed 3 percent annualized growth for the first time since the Great Recession. One Federal Reserve indicator, though, shows that assumption could be in serious jeopardy. The Atlanta Fed each week publishes a rolling update of its gross domestic product projection …

Randall Hill | Reuters
A worker installs brake cables at the Bicycle Corporation of America plant in Manning, South Carolina.

Job creation boomed in February by 295,000 despite the brutal winter conditions, and the unemployment rate dropped to 5.5 percent, the Labor Department said Friday. Despite the strong month, the picture was essentially the same for the American worker: Pay rose just 3 cents an hour, representing a 2.0 percent annualized gain as wage inflation …

Kevin Lamarque | Reuters
Federal Reserve Chair Janet Yellen adjusts her glasses as she testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington, February 24, 2015.

This is a breaking news article. Please check back for updates. At the height of the financial crisis in 2009, Janet Yellen told her colleagues things were so bad that people were literally breaking into piggy banks to get cash. The Federal Reserve chair, who headed the central bank’s San Francisco district at the time, …

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Private-sector job creation grew less than expectated in February, as the services and goods-producing sectors both slowed from recent months, according to a report from ADP. Companies added 212,000 positions for the month, down from an upwardly revised 250,000 in January and the slowest pace since August 2014, the report filed by ADP and Moody’s …

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If investors learned anything from Fed Chair Janet Yellen’s testimony to Congress this week, it’s that the central bank is willing to wait for inflation to catch up to employment before hiking rates. It could be a long wait—longer, in fact, than many market participants anticipate. Language tweaks in Yellen’s semiannual appearance Tuesday and Wednesday …

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Janet Yellen, Chair of the Federal Reserve.

Federal Reserve Chair Janet Yellen has a few fences to mend. That’s because the normally chummy relationship the U.S. central bank has with Wall Street hit a bump last week when minutes from the Open Market Committee’s most recent meeting left room for confusion about the Fed‘s path forward. Where the market thought the FOMC was …

Patrick T. Fallon | Bloomberg | Getty Images
Employees assist shoppers at the check out counter of a Walmart store in Los Angeles.

When the biggest retailer in the world talks wages, other companies are going to listen. Wal-Mart‘s shock announcement Thursday that it is going to begin increasing the minimum wage for its employees sparked hopes that a movement toward higher pay for those at the the lower rungs would gain momentum. If so, that would generate long-awaited …