Massachusetts Governor Deval Patrick talks about his trade mission in Asia, and the need to connect with the region.» Read More
The insured costs of the riots that have rocked the United Kingdom for four days look set to exceed 100 million pounds ($163 million), according to early estimates from the Association of British Insurers (ABI).
Goldman Sachs on Wednesday reviewed its position on further monetary stimulus, saying that further quantitative easing had a greater than ever chance of being implemented in the United States.
London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.
The US Federal Reserve managed to spark a stock rally on Tuesday, but some economists are now left wondering if it will take tax cuts to inject real life into the broader US economy.
Areas of London that saw some of the worst rioting in decades over two nights were quiet overnight on Tuesday Peter Guest, staff writer at CNBC.com. ¿Hackney was like a ghost town there was a police presence but it wasn¿t particularly significant, he added, suggesting the violence had moved out of the capital to the UK¿s northern cities.
Andrew Leung, Chairman at Andrew Leung International Consultants, says inflation is still one of the biggest concerns for the Chinese government.
Adrian Foster, FX Strategist, Head of Financial Markets Research, Asia Pacific at Rabobank, advises investors to sell the greenback and buy the Aussie at 1.01.
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.
Big moves are not being anticipated today and, truth is, the Fed has no big moves left in its deck of cards. The Benjamin might not say anything. But there are some policy steps that could be taken, even though the benefits are modest.
Market expectations for future growth shifting rapidly towards uncertainty over global debt servicing.
Investors woke up Monday to a world in which America is seen as a greater credit risk than anytime in recent history, and they didn't like what they saw. The conversation around why we were downgraded can get as wonky as we want, but let’s not get caught up in the weeds. We are where we are because the problem is simple: Our country spends far more than it takes in—trillions more.
"I think US investors got a little more confident about the future, or perhaps a little less pessimistic about where we are going ,and perhaps there is some expectation that the Fed is going to come in and provide the markets with a bit of a lift," Peter Dixon, senior economist at Commerzbank Securities told CNBC.
Central London's police cells are full to the brim as more than 200 people were arrested on a third night of disorder in the U.K.'s capital. Some 16,000 police officers will hit the city's streets Tuesday night, as the government tries to stem the rising tide of violence.
The Swiss franc and yen are flying high as investors bail out of riskier currencies — it's time for your Tuesday FX Fix.
Former IMF chief Dominique Strauss-Kahn sexually assaulted a housekeeper in a "violent and sadistic attack" in his hotel suite in Manhattan in May, a civil lawsuit filed on Monday alleges.
"We are invested pretty heavily in a lot of large dividend paying stocks from around the globe, things that pay in the 6, 7 and 8 percent range, which is a great place to be right now. I'm not sure that I would want to be jumping into treasuries at this point," Randy Warren, chief investment officer at Warren Financial Services, told CNBC.
"The debacle in Congress in terms of coming to a deal really highlighted the US government's inadequacy in dealing with the deficit, perhaps a little bit earlier than the government wanted, certainly in terms of the election cycle," Sir Martin Sorrell, chief executive at WPP told CNBC
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.
Following huge losses for the Dow on Monday and further selling in Asia overnight, the markets are watching what the Fed and Ben Bernanke will do at their July Meeting today. Speculation is mounting that the Fed will attempt to restore calm but one fund manager thinks that policy action is unnecessary.
Matthew Grossman, Chief Equity Market Strategist at Adam Mesh Trading Group and Bill Smead, CEO, CIO and Portfolio Manager of the Smead Value Fund at Smead Capital Management, talk about the U.S. market plunge.