Go after the Russian oligarchs? Target Russian assets abroad? William Taylor, former U.S. Ambassador to Ukraine, and Stephen Myrow, Beacon Policy Advisors managing partner, discuss how to get Putin to back out of Crimea.» Read More
After trickling forward in terms of job growth in the United States, the August numbers released Friday were met with alarm. The numbers suggest that companies have stopped hiring and are maintaining the status quo in terms of head count. Based on this release, data equity markets sold off and gold rallied as concerns arose about the strength of the US economic recovery. Banks in particular including much maligned Bank of America were hit as a result.
Since President Dmitry Medvedev sent his first tweet from Twitter’s headquarters during his landmark trip to Silicon Valley one year ago, US-Russia collaboration in technology and innovation has surged.
President Barack Obama on Friday sacked a controversial proposed regulation tightening health-based standards for smog, bowing to the demands of congressional Republicans and some business leaders.
Every now and then an economic data chart just screams out for an explanation, and this chart below by the Dallas Fed is one of them.
A Libyan official says five foreign oil and gas companies have returned to Libya to resuscitate production choked off by civil war and sanctions.
The economics team at HSBC are predicting the US and European economies will spend the next few years in a permafrost, or sub-par growth.
"A very large proportion of those who are unemployed have been unemployed for a long time. It is known that if you are unemployed for a long period of time, it is much more difficult to re-enter the job market. It requires job retraining, it requires much more focused attention on hiring, and it requires not just another budget deficit, another monetary easing, but focusing much more on that particular group," Jacob Frenkel, Chairman of JP Morgan Chase, told CNBC.
"If you look at the situation of the economic crisis it was always more political than financial. We need to simplify the decision-making process because at the moment it is far too complicated," Jose Maria Aznar, former Prime Minister of Spain, told CNBC.
"The market is hoping for a surprise to the downside. Any stronger number, and we risk having to price out expectations of QE3, and I think that is going to have a major impact on the market," John Woods, CIO at Citi Private Bank, told CNBC.
In Greece, "further economic weakness expected this year, partly driven by the global slowdown, can only make things worse also on the fiscal front," according to economists at Credit Suisse in London.
Dismal news is sending the euro tumbling - but that doesn't mean you should jump in on weakness.
I’ve got a few thoughts on this so-called Obama jobs plan, scheduled for release next week. For starters, let’s be clear: Government doesn’t create jobs. It’s the private sector that creates jobs. And that’s precisely what President Obama has been missing for nearly three years now.
If President Obama wants to create more jobs and fix the economy, he should "put down a marker" and fight the Republicans in Congress, Robert Reich told CNBC Thursday.
Brazil slashes interest rates and manufacturing reports disappoint in Europe and Britain — it's time for your Thursday FX Fix.
"We know we are in a false market we know the markets wouldn¿t be where it was were it not for the intervention of the ECB, and you know it your water that isn¿t right because someone has got to pay for that in the end this is going to come from the national government," Nick Beecroft, senior markets consultant at Saxo Bank told CNBC. He added the market had chosen to focus on the US economy but that it would return to the euro zone debt crisis within a month.
For the past three decades September has been dreadful for the stock market, Abby Joseph Cohen told CNBC Wednesday, but August was particularly volatile. Could that mean a better month ahead?
Nothing tells the story of August like the data. The DJIA is off by 4.7 percent month to date but the losses elsewhere show just what a difficult month it has been.