Sales of new U.S. single-family homes tumbled to their lowest level in 8 months, dealing a setback to the housing market recovery.» Read More
Back in 1997, Thailand commenced its own banking crisis. The conventional wisdom was that the Thai economy was too small to affect other countries in the region. Nevertheless, the Asian crisis was soon in full swing, bringing down governments and moving from South East Asia to the whole of the region.
Loose monetary policy will not solve the euro zone’s structural imbalances and the ECB needs to focus on price stability to help rein in commodity-led inflation, according to incoming ECB Board Member Peter Praet.
As austerity measures kick in and the euro zone debt crisis begins to really bite voters where it hurts, in the pocket, extreme political parties are becoming mainstream, warns Dylan Grice, a strategist at Societe Generale in Paris.
Discussing when the economy will be able to get off its Fed support, with Art Cashin, UBS.
Siemens Corp., the U.S. subsidiary of Siemens AG, has announced it intends to hire 3,000 people in the United States, and that a percentage of those jobs will be reserved for returning veterans. Eric Spiegel, CEO, Siemens Corporation, explains the company's plans.
The amount of debt held on the world’s balance sheets, whether they are governments, individuals, businesses or banks has people worried.
The recession left a lot of people with bad credit — even people that previously had sterling credit. So, are hiring managers now willing to overlook bad credit or can it still cost you a job?
Even though both sides have reportedly agreed on the size of spending cuts, social issues are apparently holding up a budget agreement. Sen. Bob Corker (R-Tenn.) discusses the progress of the spending bill.
The Misery Index is a simple calculation that became a political hot potato in the late 1970s and early 1980s. By adding the unemployment rate and inflation together, the index gave policy makers a tool by which to measure economic misery. As President Barack Obama prepares for his re-election run, the index stands at just 11 percent, some 10 percent lower than Carter faced 31 years ago.
CNBC's John Harwood discusses the fight to pass a Federal budget and says if there's a reason the two sides don't reach an agreement, it will likely be because the Tea Party contingent refuses to compromise.
Discussing whether the ECB is jumping the gun and the Fed is lagging, with Keith McCullough, CEO, Hedgeye Risk Management. For places like Portugal, Greece and Ireland, he says, things will end badly.
CNBC's Rick Santelli reports on the weekly jobless claims number, which fell to 382,000. Steve Liesman provides analysis and discusses whether the ECB rate decision will stick. Jim Iurio, Institutional Services, discusses, as well.
Walmart, Dell and AT&T are just some of the larger companies planning to hire in volume, says Matt Ferguson, CEO, CareerBuilder.
"Monetary policymaking is a notoriously difficult art. I say 'art' rather than 'science' deliberately," Dr Moorad Choudhry, Head of Business Treasury, Global Banking & Markets at Royal Bank of Scotland writes.
Tee time at Augusta, tea time for Boehner, and wait-and-see time for Portugal. Here's what we're watching—and you should, as well.
High Street retailers are dealing with the same pressures as their US counterparts and more.
President Barack Obama says shifting the U.S. away from imported oil and toward cleaner forms of energy will add momentum to a trend that has led to 1.8 million new jobs in the past 13 months.
The U.S. jobs report made plenty of traders happy - but dollar traders were left in the dust. Here's how to use currencies to trade on the news. Hint: go across the border.
CNBC's John Harwood discusses the strength of the recovery and where the economy is heading with Scott Davis, UPS CEO.
U.S. Secretary of Labor Hilda Solis is concerned budget cuts of $40 billion to $50 billion under discussion in Congress could cost the recovery an estimated one million jobs.