U.S. oil production continues to boom, and a loophole in a law has allowed the first export of unrefined American oil in decades.» Read More
The International Swaps and Derivatives Association has been asked to make a ruling on whether a credit event has occurred in Argentina. CNBC's Kate Kelly reports the details.
CNBC's Kate Kelly reports on the ripple effect of Argentina's failure to reach a debt deal.
For the second time in 13 years, Argentina has fallen into default after debt talks failed, reports CNBC's Kate Kelly.
*India digs in heels as WTO trade deal deadline looms. NEW DELHI/ SYDNEY, July 31- The United States raised the issue of a stalled trade agreement during talks with India's finance minister on Thursday, a source at the meeting said, hours before a deadline passes for New Delhi to sign a deal backers say would boost the global economy.
Royal Dutch Shell posted a healthy jump in quarterly earnings, as its newly-installed CEO works to cut costs and streamline projects.
Kully Samra, U.K. managing director of Charles Schwab, says the strong U.S. second quarter GDP shows the strength of the underlying economy and cannot be blamed on "cheap money".
Jim Rickards, Senior Managing Director at Tangent Capital, discusses whether Argentina's second default on its sovereign debt will have a contagion effect on global financial markets.
The Fast Money traders share their final trades of the day.
The Fast Money traders take a look at today's biggest market movers.
Bill Gross, manager of the world's largest bond fund at Pimco, said that income, rather than capital gains, would drive future returns.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Energy prices were down across the board, while gold was down as well.
The US and European leaders say they're prepared to intensify sanctions against Russia unless it moves to de-escalate the crisis in Ukraine.
Despite a much stronger-than-expected GDP report, the stock market is down as some economists aren't blown away by the number.
NEW YORK, July 30- Bill Gross, manager of the world's largest bond fund at Pimco, said Wednesday that income, rather than capital gains, would drive future investment returns as a result of low global economic growth. Gross's views are closely watched because his flagship Pimco Total Return Fund is the world's biggest bond fund, with $225 billion in assets.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss Wednesday's lackluster trading action despite a sizzling Q2 GDP number and ahead of the Fed's interest rate decision.
Argentine banks are expected to offer to buy debt owned by holdout investors suing country in a bid to avert default, a banking executive said.
CNBC's David Faber speaks to Henry McVey, KKR head of global macro & asset allocation, about investing in China and what regions have the best investment opportunities and the biggest risks.
News that the U.S. economy jumped by 4 percent last quarter is taking the spotlight from a surge in new IPOs coming this week.
Hillary Clinton's record as secretary of state ties her political standing to the condition of U.S. foreign policy even after her D.C. departure.
*Manufacturing growth in China expands. LONDON/ SYDNEY, July 30- Lead and zinc fell on Wednesday as investors took profits after a rally by both metals this month, but a brighter global economic outlook could see industrial metals resuming their rise. Part of that is driven by improving macro sentiment, "said commodity analyst Ivan Szpakowski of Citi in Shanghai.
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