CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.» Read More
The spike in the price of an oil barrel has been caused by “market pricing and risk premium on the future oil supply,” not a lack of supply, Rex Tillerson, CEO and chairman of Exxon Mobil, told CNBC Wednesday.
The inspector general for TARP has 45 investigators across the country empowered to carry guns and badges, and 27 vehicles with sirens and lights. Known as SIGTARP agents, they are empowered to make arrests, and they’ve done just that 23 times, a spokesman said.
Key parts of a stress test for European banks designed to raise investor confidence in the sector have been softened by regulators despite widespread derision of a similar exercise last year, which was seen by financial markets as too lax, reports the Financial Times.
Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
After trading higher for days, the euro is giving up ground. Instead of focusing on potential interest rate hikes, traders are looking ahead to the upcoming European leaders' meeting and the stubborn sovereign debt crisis. Euro fatigue, anyone?
When I was an undergraduate studying economics, our political economy teacher used to ask us just how many different types of deodorant society needed.
One month after Bundesbank president Axel Weber announced he was stepping down, saying goodbye to his chances of running the European Central Bank, many in the markets miss him already.
The crazy volatility of recent days strikes me as a market that is topping itself and is struggling. I'm still guessing we have a bit of a pull-back.
Vallejo, a city about 25 miles north of San Francisco, offers a sneak preview of what could be the latest version of economic disaster. The New York Times reports.
One of the most enduring and successful figures in British public life has resigned as director of the London School of Economics, after new details emerged of the institution’s relationship with Libya. The FT reports.
Congressman Ron Paul (R-TX) chairs the House Financial Services Subcommittee, which oversees the Federal Reserve. I interviewed him last night on CNBC’s “The Kudlow Report”.
As the centennial of its opening nears, the Panama Canal is due to shake up international trade once more, a point rails and ports across the United States readily acknowledge.
Stocks broke three consecutive sessions of losses to end higher amid light volume, led by financial and tech stocks, and as oil prices stabilized. Intel rose, while Microsoft fell.
Stocks broke three consecutive sessions of losses to climb higher, led by the technology and financial stocks, as oil prices stabilized at lower levels. Boeing fell, while Wal-Mart rose.
Stocks came off the highs of the session but still rose after a mixed batch of economic news, but as oil prices stabilized at lower levels. Intel gained, while Wal-Mart stumbled.
The decision by the Pentagon to hand a $30 billion contract to Boeing to supply refueling planes to the US Air Force has raised eyebrows across Europe and the defense industry as the tender had originally gone to a consortium led by Europe's EADS.
U.S. stock index futures rose ahead of the open, although gains were pared somewhat after a lower-than-expected revision to the fourth-quarter Gross Domestic Product.
A persistent theme of NetNet is that faith in regulations to improve the financial sector is misplaced. Regulations are typically written under the direction of the most powerful financial institutions, and regulators operate as if they were agents of the companies they are allegedly regulating.
The collective bargaining process with public sector unions needs to be restructured to keep labor unions from “bankrupting states,” Sen. Ron Johnson, (R-Wisc.), told CNBC Wednesday.