Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
After a 512-point drop, a look at just what happened today, as all three of the averages entered correction territory, with Bill Gross, IMCO founder and CIO; Nouriel Roubini, NYU Stern School of Business; and CNBC's Scott Wapner, Bob Pisani, Mandy Drury, Simon Hobbs and Brian Sullivan. Also, a look at the Asian market opens.
Indonesia's rupiah is on a roll and high frequency traders are on the prowl. Time for your FX Fix.
Noted bear Nouriel Roubini is calling for a possible correction, so one of his strategists explains how to position yourself now.
Nouriel Roubini, the New York University economist who gained renown for predicting the financial crisis, sees dark days ahead for the yen.
World power is at a point where neither a single nation nor a block of countries will be able to drive their own agenda, Ian Bremmer, president of Eurasia Group, told CNBC on Tuesday.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.