MANILA, Aug 4- Gold hovered near a 5-1/ 2- year low on Tuesday, still pressured by expectations that the Federal Reserve was well on course to raise interest rates this year. "I think it underscores our sense that the Fed may take a cautious approach, hence perhaps defer the first hike to December," said Vishnu Varathan, senior economist at Mizuho Bank in Singapore.» Read More
Vice presidential hopeful Paul Ryan gave a powerful acceptance speech that elicited repeated standing ovations. CNBC's Larry Kudlow gave him high marks for his delivery but was disappointed by his "somewhat muddled" economic growth solutions.
Seizing the spotlight, Paul Ryan told the Republican National Convention on Wednesday night that Mitt Romney "will not duck the tough issues" if he wins the White House this fall, and their party will move forcefully to solve the nation's economic woes.
"Mitt Romney will tell us the hard truths," Gov. Chris Christie told the GOP Convention. But what were the truths behind the speeches? Here's a look at some of the facts behind the rhetoric.
While many folks tend to tune out the political conventions, investors have been known to take notice and usually cast their monetary votes with the Republicans.
New Jersey Gov. Chris Christie, the keynoter, spoke last. But the message of Ann Romney, who spoke before him, carried more significance for the prospects of her husband, Republican candidate Mitt Romney.
Republicans nominated former Massachusetts Gov. Mitt Romney for president, culminating a long primary fight and setting the stage for a close contest against President Barack Obama.
European markets are set for a mixed open on Wednesday after the Catalonian region in Spain asked for a financial lifeline from the national government, raising concerns that the country itself will soon ask for a bailout.
In front of a spirited crowd that packed the Tampa Times Forum, Chris Christie gave a solid speech which echoed Mitt Romney's programs consisting of substantial budget cuts, tax cuts, and entitlement reform.
For Mitt Romney, the road to the GOP presidential nomination began with a family tradition of public service and then came the Olympics.
Republicans are eager to showcase Mitt Romney as a man who understands everyday Americans and a leader who can fix the economy. But with New Orleans waiting fearfully to see where a massive storm makes landfall, no one knows how grand the party will be.
The main principles of the Tea Party permeate the Republican Party platform and the Republican ticket, Rep. Michele Bachmann told CNBC’s “Squawk on the Street.”
European markets are called to open in negative territory on Tuesday as the debate continues over how far the European Central Bank (ECB) can, or will, go to save the euro zone.
As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey.
Tax rates would have to double to preserve Medicare and Social Security in their current form, tax foe Grover Norquist warned on CNBC’s "Squawk on the Street" on Monday.
European markets are called to open cautiously Monday after mixed signals from euro zone politicians and officials over the weekend.
President Barack Obama said Mitt Romney has locked himself into "extreme positions" on economic and social issues and would surely impose them if elected, trying to discredit his Republican rival at the biggest political moment of his life.
The Republican Party will delay the bulk of its convention until Tuesday afternoon because of the severe weather forecast from Isaac.
It's not just Todd Akin. The fallout from the Missouri Senate candidate's "legitimate rape" comment was the latest signal that the Republican path to the majority in the Senate may have just gotten tougher.
The U.S. could avoid a lot of its problems with a return to the gold standard, Rep. Ron Paul told CNBC’s “Closing Bell” on Friday.
Mitt Romney says that most big businesses in the U.S. are "doing fine" in part because of savings they get by keeping money in "low tax havens around the world."