Prudential has revealed than one in five British people in relationships are keeping their debts a secret from their other halves.» Read More
One day Team Obama announces a plan for enhanced rescission authority to impound wasteful spending. The next day the House surfaces a $200 billion “stimulus” plan to spend on transfer payments for welfare, even more unemployment compensation, still more Medicaid, and a bunch of special-interest subsidies.
The moral of the Aesop’s fable is idleness brings want. Today, the ants are Germans, Chinese and Japanese, and the grasshoppers are American, British, Greek, Irish and Spanish, says the FT's Martin Wolf.
Traders fret the only thing that will halt the volatile selling in risk assets is a clear solution to Europe's sovereign debt crisis, and that seems elusive.
Cramer goes “Off the Charts” to find out.
Uncertainty in Europe and the "rush to safety" had some observers predicting I’d give Tuesday’s $42 billion 2-year Treasury note auction an A+. I gave it a B-.
Take our poll and tell us what you think!
Treasury Secretary Tim Geithner is urging Europeans to conduct some form of a banking stress test, a senior Administration official told CNBC Tuesday.
The next financial Tsunami is emerging and will ripple to America, just as our mortgage debacle gave Europe fits.
The Euro is in big danger. German patience, if it can be called that, will reach the limit. The US voter should realize we are bailing out the euro zone, and who signed up for that?
The Federal Reserve on Monday introduced an online database listing the terms and conditions of more than 300 credit card issuers to help consumers find a card that best suits their personal finance needs. The NYT reports.
The theme of risk aversion continues to build back up after Friday’s temporary respite. The latest trend reinforcing bad news is the South Korea-North Korea conflict; the European bank contagion with Spanish banks in the spotlight, and US growth slowing.
The EU faces some of the same structural and debt problems then faced by the United States — a North-South (or North-Periphery) divide; and state fiscal budgets run amok.
Sovereign debt concerns in Europe have taken hold of global stock markets and the 'flight-to-safety" flow into US bonds will continue, experts told CNBC.
The debt crisis is a game changer for the market and Europe is now at risk of heading into a double-dip recession, Arnab Das, managing director of market research and strategy at Roubini Global Economics told CNBC Monday.
Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.
As governments from Greece to Portugal to Spain try to sell markets on their budget-cutting zeal, the country that may face the biggest hurdle is Britain, the New York Times reports.
Cramer doubts it will happen, but here's how you survive in the meantime.
It wasn't just your stock portfolio that got banged up by Europe's sovereign debt crisis—the U.S. economy may also be a little bruised.
"It's the best time in our generation to buy," says Mark Zandi, chief economist at Moody's. "Mortgage rates are so low and with homes prices down and lots of inventory, you couldn't pick a better time to buy or re-finance."
These days successful estate planning goes well beyond a simple will. You need to think about taxes, insurance, retirement funds--and a long list of account numbers.