Argentina failed to strike a deal to avert its second default in over 12 years after talks with holdout creditors ended without a settlement.» Read More
Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
Credit is gradually loosening up for small business, Federal Reserve Governor Elizabeth Duke told CNBC Monday.
The Treasury Department says businesses have added 4.5 million workers under a new program that provides tax breaks for hiring unemployed workers.
With the economy weakening and fears growing of a double-dip recession, the Federal Reserve is under pressure from some quarters to do more to help the economy. But even Fed officials seem to be split over how the central bank could or should respond.
Inventories held by wholesalers rose for a fifth consecutive month in May but sales fell for the first time in more than a year, sending a cautionary signal about the strength of the recovery.
The question facing investors now? Were The Gap's disappointing numbers a one-time occurrence (and maybe a buying opportunity), or the start of a disturbing trend?
After two straight days of triple-digit gains, do you think the worst is over for the year? Share your opinion.
The stock market rally over the past few days has been encouraging and represent real profits, former Federal Reserve chairman Alan Greenspan told CNBC Thursday.
A new report says Americans could soon save so much it could hurt the economy. Is that possible? Share your opinion.
Taxes on US businesses are about average compared to those in the rest of the world, Treasury Secretary Tim Geithner told CNBC Wednesday.
The US government has inhibited economic growth by creating uncertainty about business costs, Dallas Fed President Richard Fisher told CNBC. Questions about healthcare expenses, for instance, have kept businesses from hiring new workers, he said.
Unemployment has shifted from a lagging indicator to a leading one and is warning government policymakers to confront problems in an economy mired in slow growth, Pimco co-CEO Mohamed El-Erian told CNBC.
The government should extend the Bush tax cuts to put money to work and help share prices, Dennis Gartman, founder of The Gartman Letter, told CNBC Wednesday.
Several NBA free agents are set to sign some giant contracts. Should ticket holders have a say in their pay? Share your opinion.
If you look at what’s going on in the real US economy, versus the public sector, the picture is pretty grim, according to Chris Whalen, managing director of Institutional Risk Analytics.
How do you think the markets, economy will fare? Share your opinion.
As the cash-poor states across the US struggle to pay their bills, two cities within especially distressed states—California and Pennsylvania—are emblematic of just how tough closing budget gaps can be. Vallejo, Calif. is in bankruptcy and, across the country, Harrisburg, Pa., the state capital, is insolvent.
The US will see more frequent recessions in this decade, Lakshman Acuthan, managing director of Economic Cycle Research Institute, told CNBC on Friday.
After a difficult day for the US economy and stocks, investors have yet another worry before the long holiday weekend: Friday's unemployment report.