A progressive agenda would return the United States to the prosperity of the post-WWII era by striking fairness in wages and tax structure, New York City Mayor Bill de Blasio tells CNBC.» Read More
A mood of austerity may be stalking Britain, but the champagne is still flowing at Buckingham Palace thanks to a government plan to put the queen on what might be seen as profit-related pay, reported the FT.
A late rally for stocks this week helped stock investors end the first half of 2011 with gains. The Dow finished the first half higher by 7.2 percent following a small positive gain for the second quarter due to a late June rally.
Strong medicine for Greece will jumpstart aid plans and currency investors' fears will ease, one strategist says.
Herve Ghesquiere and Stephane Taponier, the two French journalists that had been held hostage in Afghanistan for 547 days, landed on French soil on Thursday morning. Sources talk about the unusual path taken by the ransom.
Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.
High oil prices and concerns over the safety of nuclear power following the Fukushima crisis in Japan are reigniting interest in renewable energy, with wind power likely to be a major beneficiary, Tulsi Tanti, chairman of Suzlon Group, told CNBC.
To adapt the exchange between Ernest Hemingway and his literary agent: the super-rich are very different from the rich. They have even more money, according to the FT.
Press reports that the European Banking Authority (EBA) could fail up to 15 European banks as a show of the strength and resilience of the tests are completely unfounded, the EBA’s chairman said on Wednesday.
The UK government needs to address the concerns that the parliamentary committee which oversees the banking industry still has over its proposed regulatory reforms, a senior Conservative politician has told CNBC.com
In an interview with CNBC, Greece's minister for growth, competitiveness and shipping, Michalis Chrisochoides, was utterly confident that his PASOK party will be able to push through the unpopular medium-term austerity package.
Gazprom, the Russian gas monopoly, could take advantage of Greece's sovereign debt crisis to strengthen its leading position on European gas supply and counter attempts by the European Union to diversify its energy relationships.
A Greek default could be a couple of years away, and that wouldn't be such a bad thing, this strategist says.
Both sides need to partake in educating the voters as to the choices and why the current spending is unsustainable. The more light that is shone on the negotiations; the more likely there will be a smooth process.
Why aren’t businesses hiring? There is a lot of analysis about this, but, to get a better understanding, it may be best to work in reverse by looking at the past and figuring out what the relative strength or weakness of conditions are today and then examine which policies, if any, might work.
Rising Senate star Marco Rubio of Florida put out a strong growth message in our interview last night.
It is the most crucial week yet for Greek Prime Minister George Papandreou in his efforts stave off default for the country.
U.S. Treasury Secretary Timothy Geithner is not expected to significantly shift the Aug. 2 date when the government will have exhausted all of its emergency measures to stave off default, a source familiar with the administration's efforts said Monday.
The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement.
Outspoken congresswoman and Tea Party favorite Michele Bachmann cast herself as the "bold choice" for the Republican presidential nomination, as she formally kicked off her campaign Monday in her Iowa home town.
Federal Reserve Chairman Ben Bernanke continues to be the enemy of savers. On Wednesday, the Boston Red Sox fan reiterated his belief that interest rates should be kept at rock-bottom levels for an extended period of time. He views this as necessary in order to keep the economy growing. Part of Bernanke's problem has been his inability to accelerate the pace of money movement, or velocity.