Nelson Mandela embraced free markets, but thought that "with great wealth comes great responsibility," Sir Richard Branson tells CNBC.» Read More
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
The Swiss franc is sliding on worries it will be pegged to the euro. But whether a peg is really feasible is unclear.
Stocks are poised to open sharply lower on worries over Europe's debt crisis, with the "Squawk on the Street" team.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
Minnesota Congresswoman and GOP Presidential candidate Michele Bachmann offers her opinion on Warren Buffett's suggestion that billionaires and millionaires should pay more taxes.
Food inflation may have been an abstract concept for Italian senators up until last week – that is, before the public got hold of a copy of the Senate restaurant menu that has reignited the debate over parliamentary perks.
"If the markets believe progress is being made, they will give you enough time to do make changes. But at the moment you have got this divide between politicians, you have not got a consistent message," Charles Diebel, head of market strategy at Lloyds Bank Corporate Markets, told CNBC.
"There are large companies that are reducing the head count or announcing job cuts," Albert Ellis, CEO at Harvey Nash, told CNBC. " What they're not doing is really explain the pace of technological change plus the fact that the emphasis is moving from the West to the East ."
"What we see is a soft patch and double dip recession risk three months down the line," Beat Wittmann, CEO of Dynapartners, told CNBC. "The markets are discounting this soft patch, but it could get worse¿ depending on political decisions and whether companies are investing into expansion and whether consumers are spending," he said.
Discussing whether the GOP is re-energized by Texas Governor Rick Perry, with CNBC's John Harwood; James Pethokoukis, Reuters Breakingviews; Tony Fratto, Hamilton Place Strategies; and Barry Nolan, former Joint Economic Committee.
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.
Today is the 40th anniversary of the announcement by President Nixon of a New Economic Policy, the so-called “Nixon Shock.” President Nixon, faced with rising inflation and the threat of a recession, imposed wage-price controls, built a tariff barrier around the USA, and “temporarily” suspended the convertibility of the dollar into gold... But now is the time to restore gold convertibility, and with it, jobs, prosperity, and a balanced budget.
As a long-time bond bull, my gratitude to the know-nothings in the Tea Party is profound. So what if they played a major role in taking a thousand points off the stock market in the wake of the U.S. debt downgrade?
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
The Federal Reserve’s announcement that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow. But many economists say it will take more than low interest rates to persuade consumers, a crucial driver of the nation’s economy, to take on more debt, the New York Times reports.
"2008 was more of a crisis of liquidity. This time is much more structurally worse, because we do not have much in the way of ammunition at the Fed," JJ Burns, president of JJ Burns and Co, told CNBC.
The post-tsunami recovery of the Japanese economy is being hampered by the strong yen and the country needs a more concerted effort to get nuclear power stations up and running again, analysts told CNBC Monday.
CNBC's John Harwood reports on President Obama's Midwest bus tour and the Iowa Straw Poll. Former North Dakota Senator Byron Dorgan and James Pethokoukis, Reuters, discuss what should be done to boost jobs and the economy.
The Euro/Dollar 3 month basis swap saw its biggest decline since the 2008 financial crisis the last week, Yannick Naud, portfolio manager, Glendevon King Asset Management. He added European banks were still finding it hard to raise capital.
President Obama plans to leave next week for vacation on Martha's Vineyard. With all that is going on in the country and around the world, should he cancel his trip? Vote now.