President Jacob Zuma said Mandela would be buried on December 15 at his ancestral home in the Eastern Cape.» Read More
CNBC's John Harwood has the details on the front-runners in the race for a GOP presidential candidate in the 2012 election.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
The fact that Deven Shama, the president of Standard & Poor’s, has stood down from his job just a couple of days after the agency downgraded the United States' credit rating has raised questions over whether he is being made into a scapegoat to deflect political pressure on the credit ratings agency.
"I think longer-term we're still in a stable range, or even a decline on economic trends, with potentially slowing economic growth in the United States, a lack of direction in fiscal policy, and the issues in Europe that are still unresolved," Michael Cuggino, president of Permanent Portfolio Funds, told CNBC.
"You would think by now people would realise there is no quick fix to get us out of this crisis. It is going to be a long-haul, and what we really need to get is some reforms to the economy. Confidence comes from seeing government policy be what you want it to be," Matthew Bishop, U.S. business editor at The Economist, told CNBC.
While rebels in Libya take control of much of Tripoli, the U.S. Treasury has seized $30 billion dollars of Gaddafi's money. CNBC's Eamon Javers is hot on the money trail of the Libyan leader.
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.
Charges against former head of the International Monetary Fund Dominique Strauss-Kahn may be dropped altogether this week in New York.
Footage from the rebel takeover of Libya's capital city, Tripoli.
The question facing every investor on the planet is simple enough: When will this sell-off come to an end? Because when it does, the risk-on trade will mean big returns.
"It's difficult to see what Bernanke could say on Friday that hasn't already been said or done before. They could tinker around with reactivating a bond programme, but as we saw with QE2, which wasn't exactly a resounding success, it is not really so much a liquidity problem with the markets; it's a debt problem, and therefore, a confidence problem," Stephen Davies, chief executive at Javelin Wealth Management, told CNBC.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
Europe’s economic and monetary union as constructed does not work and the euro zone needs some collective and determined leadership according to Jim O’Neill, the chairman of Goldman Sachs Asset Management.
The European debt crisis continues to weigh heavily on global stocks and the economy, with Russ Koesterich, BlackRock, and Robin Harding, Financial Times.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
I always encourage investors to look at a variety of indicators. By itself, any single indicator can lead you astray. More importantly, many indicators sound like they would be predictive, but are actually not very profitable.
He believes the Fed has created enough liquidity, but it's tax and regulatory barriers that have blocked growth and job creation. He also responds to GOP attacks on the Fed.
Ann and David Le Breton preside over Edgartown Books, a thirty-year old shop in a restored whaling captain's home on Martha's Vineyard. The pair have once again put together a summer reading for President Obama and the First Family to enjoy over the summer vacation.
NY Fed President William C. Dudley talks to the Meadowlands Chamber of Commerce in New Jersey about the economy and what he thinks should be done to improve the jobs situation.
Spain will announce further austerity measures on Friday in a bid to fend off debt market attacks but avoid the kind of drastic cuts that could damage the ruling Socialists' chances in November's general election.