Clive McDonnell, Head of Equity Strategy at Standard Chartered Bank, says the Fed's primary focus remains on the U.S. economy.» Read More
Following the Federal Reserve’s decision to throw two football fields worth of dollars at the US economy all that has been achieved is a fall in unemployment from 10 percent to 9.1 percent, according to Philippe Gijsels, the head of research at BNP Paribas Fortis Global Markets.
Banks and foreign governments are mounting an increasingly desperate push against a sweeping US tax law that will force overseas institutions to report their American clients to the Internal Revenue Service, reported the FT.
Amazon and Ebay, two of the biggest names in online retail, have staked out contrary positions in a debate over the taxation of US internet shopping, which enables many buyers to escape paying sales tax, reported the FT.
Stocks closed near session-lows Friday with the Dow falling below the 12,000-mark to finish lower for the sixth-consecutive week amid further signs of a global economic slowdown.
Stocks pared some of their earlier losses, but were still poised to finish lower for the sixth-consecutive week—the longest losing streak since 2002.
The founder Muddy Waters Research issued a scathing report on a Chinese forestry company, calling it a “pump and dump” scheme that has been “aggressively committing fraud," the New York Times reports.
To spend or not to spend. That is the question dominating the thoughts of economists and politicians across the world as the impact of austerity, or lack of it, on growth rates slowly becomes apparent.
Advice for investing in this environment, with Tom Hancock, co-head of the GMO quantitative equity team and CNBC's Tyler Mathisen.
Futures tumbled Friday, pointing to a possible sixth-consecutive losing week, following a dismal trade data from China underscored fears of a weakening global economy.
Citigroup’s revelation that hackers stole personal information from more than 200,000 credit card holders makes it one of the largest direct attacks on a major bank, the New York Times reports.
The foreign exchange market has turned upside down and the dollar no longer has an anchor as investors grapple with the implications of quantitative easing, discussions to raise the debt ceiling and the recent slowdown in US growth, according to David Bloom, the global head of foreign exchange strategy at HSBC.
Diamonds are, apparently, forever, and they are fetching record prices in the rough.
Stocks rebounded Thursday after a six-day selloff to close higher for the first time in June, after investors cheered the international trade report and following the Greek Cabinet's decision to support a new round of austerity measure for its debt-ridden nation.
Stocks rallied to session highs in the final hour of trading Thursday as investors snapped up beaten-down stocks following the international trade report and after the Greek Cabinet supported a new round of austerity measures for the debt-ridden nation.
When states make their pitches to companies, those pitches invariably include selling points that will somehow be paid for by taxpayers. Business incentives, quality education, strong infrastructure—none of that is free.
CNBC Senior Energy Correspondent Sharon Epperson discusses a mystery trade in natural gas:
Stocks advanced Thursday, buoyed by banks and energy, seeking to reverse a six-day losing streak as investors were encouraged report showing that exports hit a record high in April, narrowing the U.S. trade deficit.
Futures added to gains Thursday even after new claims for unemployment benefits gained last week, and following news the U.S. trade deficit fell unexpectedly.
Jobless claims for this week are up by 1000 and the April trade deficit is better than expected. A breakdown, with Joe Kinahan and Jim Iuorio at the CME, Jim O'Sullivan, MF Global; Mohamed El-Erian, Pimco and CNBC's Steve Liesman.
Economic data on both sides of the Atlantic pointing to a slowdown is rattling investors' nerves and is likely to keep them on the sidelines for the rest of the month, Barclays Capital expects.