Glenn Hutchins, Silver Lake Partners co-founder, discusses the creation of the Hutchins Center on Fiscal and Monetary Policy. "We want to be the go-to place for authoritative thinking," Hutchins says.» Read More
Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers.
For many people who do not have bank accounts, or cannot get a credit card, the pre-paid debit cards are irresistible. But their convenience comes with a catch. The New York Times reports.
What the bond markets really want to hear from Shadow Chancellor of the Exchequer George Osborne is a credible plan for slashing billions of pounds in spending whilst at the same time not cutting off any economic recovery.
Indians own more gold than the citizens of any other country. They use the glittering metal as ornaments to flaunt family wealth, as a source of retirement savings and as insurance against calamities. But lately, gold has become something else: collateral, and the basis of one of the country’s fastest-growing businesses, gold loans.
The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets.
The U.S. government and its ranks of overwhelmed financial agencies are now in bigger danger than the nation's banks ever were, says The Big Money.
The US is too dependent on Japan and China buying the country's debt and could face severe economic problems if that stops, Tiger Management founder Julian Robertson told CNBC.
Municipal bonds can add some pizazz to the yield of your fixed-income ladder, but, as usual, do-it-yourself investors should proceed with plenty of hesitation.
Economists, recognizing that bubbles tend to come in bunches, are on the lookout for the next market to fizzle. They say that governments, central banks and international bodies should scrutinize a few markets that look likely to froth over in the next few years.
The bulging US government debt can turn into an investment opportunity, legendary investor Jim Rogers, chairman of Rogers Holdings, told CNBC Monday.
The worst of the economic crisis is not over and a currency crisis can happen this year or the next year, because the problem of too much debt in the system has not been solved, legendary investor Jim Rogers told CNBC Monday.
The Federal Reserve and the Treasury Department should have let 10 banks fail, not just Lehman Brothers, for the financial system to clean itself up, legendary investor Jim Rogers told CNBC Monday.
Abolish the Federal Reserve and let AIG go bankrupt for the world economy to emerge cleaner from the financial meltdown, legendary investor Jim Rogers told CNBC a year ago. A year after Lehman Brothers collapsed, here is what Jim Rogers tells CNBC:
Some of the money that fled stocks for safe harbors like money-market funds and government bonds is beginning to return. Even with trillions still sheltered on the sidelines, some $56 billion has poured into equity funds since April.
A Wells Fargo executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.
A new study finds that the recession has left many jobless workers struggling to cope with the psychological stress caused by becoming unemployed in a weak economy.
In the Great Recession and today’s era of de-leveraging, much is being made of the so-called “fulcrum security”.
Creditors who are owed a total of more than $20 million have endorsed Michael Vick's plan to pay them back and emerge from bankruptcy, according to a court filing.
The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.
The brightly illuminated room looks like mission control for a space flight. Seven people, wearing headphones, stare intently at computer screens. Three minutes before the deadline, a disembodied voice exclaims, “We have coverage.”