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A mission to the bottom of the sea to try to avert a wider environmental disaster progressed early Friday as crews attempted to capture gushing oil.
Problems with Greek debt are about to spread to other countries and could infect the US, Pimco's Mohamed El-Erian told CNBC.
Employers in the US will be hiring “very selectively” in the second quarter of 2010, Jeff Joerres, CEO of Manpower, told CNBC.
Manufacturing and retail are perking up, according to the ADP jobs report for April, especially the former, which has been characterized as a “shining light.”
The big rating agencies are no longer very useful to investment companies such as the world's biggest bond fund manager PIMCO, which can be quicker to anticipate shifts in credit quality of debt, the company said on Wednesday.
Bankers in London hoping for a boom in business if strict financial reform legislation is passed on Wall Street will be disappointed as a migration of funds across the pond will likely fail to materialize.
The private sector added 32,000 jobs from March to April while the number of jobs US employees plan to cut fell dramatically, according to separate reports Wednesday.
Fannie Mae was not to blame for the U.S. housing crisis, former CEO Franklin Raines told CNBC Tuesday.
A fourth-generation oyster producer in Louisiana told CNBC Monday that the oil spill and its potential impact on his business is “scary.”
Shipping in and around the Gulf of Mexico is business as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.
It will be another year before the U.S. housing market fully rebounds, a top economist told CNBC Friday.
The market’s impatience with the Fed policy and language is somewhat mystifying. It’s as if investors want a change in language and/or policy so they can feel better about the future; it’s the equivalent of the Fed saying; “It’s over. No need to worry any more.”
Europe's current bailout plan for Greece "is not going to work" because "Greece is nearly insolvent," well-known economist Nouriel Roubini told CNBC Wednesday.
Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve.
Goldman Sachs did not commit fraud and the insurance company that bought the product that is the subject of a government investigation should have known the risks, Bill Ackman told CNBC Tuesday
The CEO of Goldman Sachs and other executives from the Wall Street powerhouse are coming before Congress 10 days after the government accused the firm of fraud.
If the United States had not created the Troubled Asset Relief Program (TARP), the country would have experienced Great Depression conditions, one of the architects of the program told CNBC Monday.
Economists are more optimistic about prospects for growth this year as industries increasingly report better profits and add new jobs, a latest NABE survey showed.
Several Fed members favor moving soon to sell some of the Fed's $1.25 trillion in mortgages and other assets bought during the financial crisis, Fed sources told CNBC.
The Greek debt bailout is similar to the subprime crisis in the US and likely will send global investors looking for safety, Pimco's Mohamed El-Erian told CNBC.