CNBC's John Harwood recaps President Obama's news conference on the state of the U.S. economy, the conflict in the Middle East and CIA spying allegations.» Read More
The ECB is not a fiscal agency of the European Union, says Alan Greenspan, former chairman of the Federal Reserve. "Jean Claude-Trichet may be French, but he acts like a German." Greenspan also weighs in on the US economy.
The insurer is happy with the exposure it has to indebted euro zone member states and is confident that European leaders will find solutions to the de debt crisis, Aviva CEO Andrew Moss told CNBC Friday.
Roman Scott, managing director at Calamander Capital, told CNBC why markets have rallied over the last two days. "I think it is relief and exhaustion by traders that Europe finally appears to have woken up and started doing anything - or at least stated they are thinking about starting to do something," he said.
The euro zone will need political unification to save the euro, Alan Greenspan, former chairman of the US Federal Reserve, wrote in an opinion piece in the Financial Times.
Martin Schulz, senior economist at Fujitsu Research Institute, admits that Japan's economy needs more support but is unlikely to get it.
Herman Cain, republican presidential candidate, defends his decision to enter the race for the White House, and provides insight on what makes him stand out from his political rivals.
CNBC's Courtney Reagan has the story on the Wall Street protests developing swiftly around the globe.
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.