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No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent.
The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.
Saudi Arabia needs an oil price that allows it to meet its long-term fiscal targets while not incentivizing investment in new sources of energy, according to HSBC researchers.
One fund manager calls it a horror show, others are predicting the Federal Reserve will have to extend its unconventional measures and stocks across the world are falling heavily.
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
Privately, European officials and analysts have been complaining that the bulk of the main rating agencies – two out of three – are based in the US and not always objective when it comes to rating European countries. In Asia and Europe, officials are looking for solutions.
The European Union’s top financial regulator has warned the Obama administration that it must speed up and toughen its new banking rules in order to prevent American banks from having unfair advantages over their European counterparts. The FT reports.
Investors should employ a healthy dose of caution before investing in Chinese companies. Unless you conduct serious due diligence, you should not be investing there
On Monday, May 23rd, Dan Rutherford, the Treasurer of Illinois, began a crusade against the incurrence of more debt. Specifically, he announced that the State of Illinois is on the verge of financial disaster and, in a concise report, he disclosed certain important fiscal facts about Illinois.
A former chairman of one of Egypt's major banks was arrested Monday on charges of sexually abusing a maid at a Manhattan hotel, just weeks after the arrest of former International Monetary Fund chief Dominique Strauss-Kahn on similar allegations, police said.
The money manager Martin D. Sass loves a good bargain. He snapped up his 1995 Donzi motorboat after it had been repossessed from its previous owner. He made a take-it-or-leave-it offer for a home on Long Island that had been on the market for years, only to later discover he had bought Vincent Astor’s summer home, the New York Times reports.
Republican presidential contender Tim Pawlenty said he can unite the party and defeat President Obama in 2012.
Fears over the continuing European sovereign debt crisis and weaker than expected economic data from the US helped to push the price of US Treasurys up and take yields to a six month low on Thursday as investors looked for safety.
Never mind that he was a multimillionaire. Daren Palmer was quick to carry furniture when someone in his congregation was moving. He volunteered at the church farm. He got down on his knees to clean the sanctuary. Yet this week, Mr. Palmer, 42, agreed to plead guilty to federal criminal charges that he ran a $78 million Ponzi scheme, reports the NYT.
A U.S. default on its obligations creates "a different world, and I don’t think you want to be in that world," economist Robert Brusca told CNBC Thursday.
The Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tarrifs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned on Wednesday.
As more and more steps of the manufacturing process are outsourced to other countries, American products are harder to find, and often more expensive to purchase. Can "Made in America" survive in a global economy?
US lawmakers are weighing $1 trillion in deficit-cutting measures as part of a possible deal that would allow an increase in the country's borrowing authority, Vice President Joe Biden said on Tuesday.
The lack of world peace affects the economy by trapping productivity and removing vital resources, according to an international research institute which also put the cost of global violence at $8.1 trillion last year.
Belgium became the latest small European nation to come under the cloud of having its credit ratings outlook cut on Monday. As rating agencies themselves are increasingly criticized, is this the threat it once was?