Amid a maturing Chinese market, Xiaomi is trying to rely on direct online sales to venture overseas, says Melissa Chau, senior research manager, Client Devices at IDC.» Read More
The Republicans are calling for more spending cuts. But bond fund leaders say the better thing for the U.S. government to do is to spend now and save later. The NYT reports.
Stocks have fallen four weeks in a row. Some on Wall Street worry that the resulting blow to confidence, not to mention 401(k) statements, has set off a spiral of fear that could push prices even lower, cause people and businesses to pull back and tip the economy into a new recession.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
I always encourage investors to look at a variety of indicators. By itself, any single indicator can lead you astray. More importantly, many indicators sound like they would be predictive, but are actually not very profitable.
It takes a strong stomach to navigate the currency markets this week. If you can handle the stress, here's a trade for you.
"Unless the government starts to get its fiscal house in order, does mandatory budget reform in the Congress with this [Super] Committee, I fear things will get considerably worse," said Robert Rodriguez.
Three US municipalities have dropped Standard & Poor’s ratings of their local government investment funds in retaliation for the rating agency’s downgrade of US government debt to double A plus. The FT reports.
European banks are continuing to show signs of strain, making investors increasingly skittish about American financial institutions. The New York Times reports.
The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a recovery, Paul Donovan, deputy head of Global Economics told CNBC.
As the nation tightens its budget belt, the century-old military retirement system has come under attack as unaffordable, unfair to some who serve and overly generous compared with civilian benefits.
A viewer tweeted me last week (@louisabojesen) saying "Don't phone lines exist between Berlin and Paris? Why was the face-to-face meeting necessary between French President Nicolas Sarkozy and German Chancellor Angela Merkel?"
The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis. The NYT reports.
Dissecting the day's major business news as major indexes close up more than 1%, with the Fast Money traders.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
“People want the best information that we have right now. But people need to understand that the best information that we have right now isn’t necessarily very informative,” says one economics professor, the New York Times reports.
The Fast Money crew offers special CNBC.com-only advice on your investments.
Dissecting the day's major business news, with the Fast Money traders.