CNBC's Steve Liesman shares highlights from Treasury Secretary Timothy Geithner and Fed Chairman Ben Bernanke's testimonies before the House Committee on Oversight and Government Reform.
We've turned the corner. When I say “we,” I of course mean the world. And once again the economy that will have the greatest influence on world recovery is that of the United States. The unsubtle sign of US recovery is jobs growth, which we referred to last week and which has exceeded expectations.
Global equity valuations are very attractive compared to government bonds stocks and are currently relatively cheap, Stuart Reeve, Portfolio Manager at Blackrock Equities told CNBC.
The euro has been trading in a narrow range, and this strategist sees a dollar-trading opportunity when it budges.
Joe Lewis, founder of the Tavistock Group and one of the world's best known currency traders, says with regard to Greece, the recent agreement is just the end of the beginning. Austerity will not work and the euro, he believes, will move higher on the larger bailout fund.
A burden has been lifted off Greece's back, but the country will need to stick to its proposed reform to become a successful economy once again, Charles Dallara, managing director of the Institute of International Finance told CNBC.
How American got its mojo back. The U.S. dollar's incredible rally and how strong can the greenback get, with CNBC's Scott Wapner and the Money in Motion traders. And the dollar's gain is gold's pain. Peter Schiff, Euro Pacific Capital, on why gold will glitter again.
Forget the U.S., E.U. and Japan. Look to Eastern Europe, Latin America, and the Asia-Pacific region for stable sources of income.
During its 125th anniversary auction, Glenfiddich set a world record for the most expensive bottle of single malt whisky ever sold at auction; the 55-year-old Glenfiddich sold for $94,000.
With quantitative easing on hold and a European Central Bank that has spent a lot of firepower, the euro is losing steam.
Bundesbank President Jens Weidmann told CNBC on Tuesday he did not feel isolated on the governing council of the European Central Bank, downplaying concerns over disagreement within the council over the measures the bank has taken to abate the crisis in the euro zone.
Spain’s eye-wateringly high unemployment and the collapse of its real estate market mean that Spain has significantly worse problems than Greece, an analyst told CNBC.com Tuesday.
Developed economies are still experiencing an economic “hard landing” after the credit crunch, despite data showing small increases in gross domestic product, Stephen Gallo, head of market analysis at Schneider Foreign Exchange, said in an interview.
Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court in Washington. The NYT reports.
Smaller G20 currencies have outperformed the big four all year, and this strategist sees the trend continuing.
Greece has been tossed on the turbulent sea of global markets for almost two years now – but the bond swap deal secured on Friday should reassure markets about the country’s future, Greek Finance Minister and possible future prime minister Evangelos Venizelos told CNBC.
With Greece out of the woods for now, this strategist is eyeing a bullish currency trade.
Greece becomes the first developed nation to default in 60 years. What the Greek debt deal means for the euro. And the dollar rallies on better-than-expected jobs numbers, with CNBC's Melissa Lee and the Money in Motion traders. Also, will Portugal or Spain be next? And is Europe's debt crisis nearing an end or just beginning?
Greece is officially defaulting as expected and the ISDA announced that Greece's restructuring has triggered a "credit event." Robert Pickel, ISDA CEO, explains.
CNBC's Michelle Caruso-Cabrera discusses whether the Greek debt deal could trigger a credit event and prompt other debt-ridden nations like Portugal and Italy to seek similar debt restructuring deals.