CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude and gas inventories were down today despite record US production.» Read More
The UK has failed to make enough structural changes to its economic model to avoid another financial crisis, Vince Cable, the UK’s Secretary of State for Business, Innovation and Skills told the New Statesman magazine.
The Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tarrifs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned on Wednesday.
The collapse of a BP share-swap deal with Russian state oil company Rosneft is just one of a string of failures which show that Russia is "uninvestable", according to William Browder, once the country’s largest portfolio investor.
If the U.S. Congress hadn't approved the military operations in Iraq or Afghanistan during the Bush presidency there wouldn't be the need to raise the debt ceiling now, U.S. Rep. Barney Frank told CNBC Wednesday.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where gold, oil and precious metals are likely headed tomorrow.
The US and Japan “have yet to produce credible medium-term plans” to stabilize their debt, while other countries need to provide more clarity on how their fiscal consolidation targets will be met, according to the Organisation for Economic Cooperation and Development’s 2011 Economic Outlook, which says that risks to the global recovery remain significant.
Democrats scored an upset in one of New York’s most conservative Congressional districts on Tuesday, dealing a blow to the national Republican Party in a race that largely turned on the party’s plan to overhaul Medicare. The New York Times reports.
Did the Dodd-Frank regulations put the U.S. financial system at a competitive disadvantage? Weighing in on the implications with Bart Chilton, Commodities Futures Trading Commission (CFTC).
Ireland’s economy will take longer to recover from its current slump than from the recession of the 1980s, John Bruton, former Prime Minister of Ireland and European Union Ambassador to the US, told CNBC.com on Wednesday.
A Democrat wins a closely watched Congressional race in upstate New York, reports CNBC's John Harwood.
Greece should receive another tranche of aid from the European Union to enable it to have a second chance and restructure later, according to an analyst.
For years America has warned, lectured and cajoled the Chinese to allow the yuan to rise in a bid to end the fiscal imbalances that have seen more and more US debt sit in the People’s Bank of China's vaults.
The lack of world peace affects the economy by trapping productivity and removing vital resources, according to an international research institute which also put the cost of global violence at $8.1 trillion last year.
Greece will not have a snap election, the office of the Greek Prime Minister told CNBC Wednesday in response to market speculation that affected the euro late Tuesday.
The Greek government is unsurprisingly unable to find consensus on new, even stronger austerity measures aimed meeting the terms of its bailout by the European Union and the International Monetary Fund.
European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.
The war of words between Republicans and Elizabeth Warren should escalate later Tuesday when the special adviser running the Consumer Financial Protection Bureau testifies before a House subcommittee. Rep. Patrick McHenry, R-N.C., chairman of the Oversight Committee's subcommittee on TARP, told CNBC Tuesday the bureau has been operating without oversight as Warren, claiming to be only an adviser, extends her role behind the scenes.
President Obama’s gyroscopic legislative endeavors helped the nation survive the worst financial crisis since the 1930’s. It would have been unfathomable to risk America’s image of economic invincibility and allow the free markets to punish bad behavior. Instead, the Federal Reserve printed money to inflate the stock market and promote economic growth, all courtesy of a low interest rate environment. Now Congress is faced with yet another debt ceiling, and sure enough, they’re scrambling for the next fiscal stunt.
Former Speaker of the House, Newt Gingrich, calls himself the "people's candidate." But what will he bring to the business community if elected President?
It has almost been two years since US President Barack Obama took the stage at Cairo University, reaching out to a mesmerized audience and seeking "a new beginning between the United States and Muslims around the world".