Russian stocks hit a four and a half year low ahead of this weekend's pivotal referendum in Crimea to split off from Ukraine, NBC's Ian Williams reports the latest developments on the crisis.» Read More
When Americans of the 99% Tribe say they are occupying a place, what they are really claiming is not the real estate (though real estate, often of the soaking, underwater variety, may be at the heart of their collective cri de coeur.) What’s being occupied is not an external place – or not just – but an internal one.
As markets have been rebounding on euro hopes, the eurozone leaders have been debating a plan that should satisfy the financial markets. The hope is futile. A comprehensive plan does not exist. The eurozone crisis will get worse before it will get better.
Negotiators remain divided, however, on the issue of what will happen to the remaining 50 percent of the current outstanding 205 billion euros ($284.9 billion) of debt load.
America is in the midst of physical decline. Decades of infrastructure neglect are eroding centuries of economic progress. Call it: The Great Regression.
With France's economic growth outlook fast deteriorating, President Nicolas Sarkozy increasingly has little choice but to launch a new round of belt-tightening six months from a presidential election.
Congratulations and commiserations: next week, you will take up one of the most important central banking jobs in the world; but you will also bear a frightful responsibility. The FT reports.
Eurozone leaders were struggling on Tuesday to reach agreement on a much-anticipated deal to reverse their spiralling debt crisis amid mounting signals a definitive agreement would not be reached at a key summit on Wednesday night. The FT reports.
Herman Cain is on a roll. The former CEO of Godfather's Pizza leads the pack in the latest CBS-New York Times public opinion poll among GOP presidential candidates. He's also building a reputation for having the most offbeat internet campaign ads.
"The best way I can address this movement and the injustices I see around me is through my own experience," and with that this author shares her story of her loss and why she's grateful for the Occupy Wall Street movement.
Imagine that you are a small business owner who has a thin two to five percent profit margin during a tough economy and are trying to avoid laying off workers. On top of this, the federal government will begin keeping 3% of the money it owes you until the Internal Revenue Service acknowledges – months or years later – that you had already been paying your taxes. Although Halloween is just around the corner, this isn’t just another scary story.
Texas Gov. Rick Perry, seeking to jump-start his GOP presidential campaign with a 20 percent flat tax, said “I don’t care” if his plan gives millions to wealthy Americans because he says it will accelerate economic growth.
"I do not think QE3 is imminent. Let's see what Thursday's GDP number is like. If it is a pleasant surprise, if we see third quarter GDP grew by 2.5 percent - some people even think close to 3 percent - I think it lets the Fed of the hook," Greg Valliere, chief political strategist at Potomac Research Group, told CNBC.
Testifying in front of the treasury select committee, Bank of England Governor Mervyn King detailed the central bank's rational for introducing a second bout of money easing. "The volatility did not dampen down, we did not see a reversal of the asset price movements, so we followed through and took the decision in October, which was unanimous, to resume the asset purchasing program," he said.
Chris Harvey, global leader - financial services at Deloitte Touche Tohmatsu Limited, says the EU breaking down is the worst possible outcome of the euro zone debt crisis.
CNBC's Eamon Javers with a preview of President Obama's refi housing program and the economy, and the Fast Money traders with the play on financials.
"President Obama is taking action." At least that's what the blog on the WhiteHouse.gov says today in describing the president's trip to Las Vegas. "We can't wait to help homeowners," it goes.
"When I look at Zuccotti or McPherson or Grant Park, I’m not surprised the Occupiers don’t have a fixed agenda, writes the best-selling author," adding, "For decades, we’ve been like a tether ball in a schoolyard, pummeled by so much abuse from so many different directions that we’ve just spun around in circles. Now, the Occupiers are stopping the ball."