Jack Ablin, BMO Private Bank executive VP & CIO, and David Kelly, JPMorgan Funds chief global strategist, discuss when the Fed will likely taper. "We are going move away from taper and put an emphasis on forward guidance," says Ablin.» Read More
The economist Nouriel Roubini known as Dr. Doom finds the moniker wearisome and says it no longer accurately reflects his opinions. He says Dr. Realism is more like it.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Euro zone member states must meet their commitments on budget stability and cannot be bailed out by the euro zone, French Finance Minister Christine Lagarde told CNBC in Davos on Friday.
Take Davos, add banking and a few drinks after the sessions are over and the banker outrage bubbles up.
Surely even the most hard-line of EU leaders are not blind to the fact that if Greece goes over the cliff then there will be other targets for the markets. Targets such as Portugal, Ireland, Spain and non-euro zone countries like the U.K.
Greece's Prime Minister George Papandreou told CNBC Thursday that his country has to make substantial changes to recover from its devastating financial problems.
I have to say I was a little surprised (read: disappointed) to hear so very little about housing in President Obama's State of the Union speech last night. Yes, he mentioned folks were losing their homes, in the long list of ills plaguing the American people.
This Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG.
Unpopular as he may be, Treasury man Tim Geithner did a fine job yesterday defending the government rescues of last fall — including AIG.
China is here in Davos—big time. It’s here in numbers, here as a topic for hallway chatter and here as an issue at every major plenary session.
In a long, at times flat, at times inspiring speech, the President stuck to his guns and most decidedly did not take a turn to the center.
There are huge debt problems brewing in Europe, and Greece, in particular, may have to overreact to defend itself, says Harvard professor Kenneth Rogoff.
Behavioral scientists are having a field day with this behavior and one professor states these borrowers are suffering from "norm asymmetry.
Now the President's legislative agenda is in pieces. He had delayed this week's State of the Union address so he could highlight the health care program he hoped to have passed.
The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they're turning them over to their creditors.
Invoking the name of Saint Paul of Volcker is not a bad ploy if you want to get attention. But what the President said could be called the Volcker plan is not getting a good reception on Wall Street.
Interventions in the market will bring about unintended consequences, the author of the "Gloom, Boom & Doom Report" said. He also weighs in on the dollar, stocks and gold.
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber, guest host for "Squawk Box Europe" and author of the "Gloom, Boom & Doom Report" said.
The country's budget slashes pay in the public sector and is now being seen as the model that countries such as Greece need to mimic.
Ireland's government should be tougher on striking "overpaid" public workers if it wants to help the country get out of the economic recession, Ryanair CEO Michael O'Leary told CNBC Thursday.