CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Mixed bag in the commodities markets today. Oil was down on the day, even though geopolitics is likely to keep it high.» Read More
CNBC's Mary Thompson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
President Obama is the first president to use e-mail while in office, and now those e-mails may be requested by Congress in connection with the Solyndra investigation. CNBC's Eamon Javers has the details.
It must be quite interesting be in Mr. Wen Jiabao’s shoes at the moment. The Premier of the globe’s second largest economy is living in a world that seems to be on the brink of a recession due to sovereign debt crisis in Europe and lack of recovery in the US.
"We do not expect a recession in the United States, but a lot depends on what happens in the Europe. That is obviously pivoted on leadership. We need to see the 17 finance ministers come together in a credible way, and that is really going to be the key indicator for whether the United States can continue with a very slow, but steady, slight recovery," Alex Friedman, CIO at UBS Wealth Management, told CNBC.
"Putin is the real leader of Russia. He is the father of Russia," Andrei Kostin, chairman and president of VTB Bank, told CNBC, when asked to rate Vladimir Putin's chances of becoming president.
Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt, reported the FT.
The UK’s central bank, the Bank of England, is expected to hold interest rates at their current level of 0.5 percent on Thursday as the global economic crisis appeared to worsen and the International Monetary Fund warned that a second global recession could not be ruled out.
A wide-ranging discussion on the "millionaire tax", China trade; and creating jobs, with Sen. Mitch McConnell, (R-KY), who says the U.S. is not going to get out of its economic slump with government spending money, and Rep. Eric Cantor, (R-VA) defends his position on the jobs bills.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
A report from the state treasurer says the Golden State's debt burden is up to 7.8 percent, more than double what it was eight years ago. According to the report, each Californian owes $2,542 this year for state debt, more than twice the national median of $1,066. It could be worse.
The British Prime Minister David Cameron defended the coalition government’s austerity plans on Wednesday telling delegates at the Conservative party’s annual conference in Manchester: “Our plan is right, and our plan will work.”
Michael Lewis, acclaimed author of "Moneyball", "The Big Short", "The Blind Side", "The New, New Thing" and the iconic "Liar's Poker" is now out with his latest book, "Boomerang: Travels in the New Third World" - an illuminating look at the global financial meltdown.
There is a reason the Occupy Wall Street movement has taken root so quickly and spread far and wide so rapidly – people are fed up. We are sick of shouldering the burden of an economic crisis caused by a few. We are tired of watching the wealthiest 1% receive tax cuts, while the rest of us face job cuts, pay cuts and cuts in vital services. And we are ready to do something about it.
Bank of France Governor Christian Noyer has been met with skepticism over her insistence on Wednesday that French banks are generally in good health and that the French central bank — as well as Belgium's — would back troubled lender Dexia in order to ensure it has enough liquidity.
When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.
Sen. Robert Casey, (D-PA), and joint economic committee chairman, discusses Fed chief Ben Bernanke's testimony before Congress, specifically his views on China's "fixed" currency. "I was pleasantly surprised that he was as forthcoming on that issue," says Casey. "He talked about the impact of China's policy on the world recovery." He also added that when China cheats on its yuan valuation, his constituency in Pennsylvania, loses jobs.
"It may be easier for policymakers to recapitalize all the banks and let Greece default in a 'disorderly manner', because they [the policymakers] will have more control over the banks than they will over Greece," Patrick Armstrong, managing partner at Armstrong Investment Managers, told CNBC.
As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.
After months of turmoil and uncertainty, the Republican 2012 presidential race finally appears to have a settled field of candidates — with Mitt Romney solidifying his perch at the top of the pack.
The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.