President Obama plans to leave next week for vacation on Martha's Vineyard. With all that is going on in the country and around the world, should he cancel his trip? Vote now.
French minister says broader GDP and deficit-cut targets remain, with CNBC's Ross Westgate.
China’s official news agency blasted the U.S. for its “debt addiction” following the S&P downgrade. The implicit assertion behind this outburst was that China understood “the commonsense principle that one should live within its means”. But the Chinese government is not quite the frugal, prudent borrower it portrays itself to be. The FT reports.
French bankers and officials scrambled to calm nerves on Thursday after two days of whipsaw trading that saw their banks' market value fall and rise by billions of euros.
It feels eerily familiar: Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement, the New York Times reports.
Here’s the first super-committee interview with newly appointed member Sen. Pat Toomey.
The big French banks were nursing their wounds Thursday after a huge sell-off Wednesday afternoon.
"The world is a mess, we haven't seen anything like this before," says Donald Trump, Trump Organization chairman/president, who adds that Europe is hurt because the U.S. led the way with the mortgage crisis.
Societe Generale's share price suffered a fall of around 8 percent Thursday morning after Wednesday's falls.
“Clearly we are in a selling climax,” says one CEO. "The biggest mistake you can make is to jump into any one asset because it is in favor. What you need is to be diversified."
One strategist is warning investors not to increase exposure to stocks until the “real selling capitulation takes place" and gold and Swiss Franc begin to decline.
Societe Generale's CEO dismissed rumors that France's second-largest bank was in trouble and blamed the recent downgrade of the US credit rating for fueling speculation that France might lose its Triple-A status as well.
Brad Jones, Asia Investment Strategist at Deutsche Bank, and Richard Jerram, Chief Economist at Bank of Singapore discuss investment opportunities amid the current environment.
Bank of America CEO Brian Moynihan had his big call with investors, including Bruce Berkowitz of Fairholme, with Paul Miller, FBR, and the Fast Money traders.
The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.
Analysts point out that U.S. banks have become much better capitalized than they were during the financial crisis of 2008. But shares of US major banks continue to move sharply lower.
We had a flash crash. Then we had a flash rally. Now we're flashing again to the downside. I think we should all go away for a few days and give it a rest.
The dollar has held up nicely post-downgrade, and this strategist says the strength could continue.
With long-term U.S. debt being knocked out of the elite triple-A credit club, investors’ top-tier fixed income choices have dwindled yet again.
Goldman Sachs on Wednesday reviewed its position on further monetary stimulus, saying that further quantitative easing had a greater than ever chance of being implemented in the United States.