Sierra Leone president Ernest Bai Koroma declared a state of emergency due to the largest Ebola outbreak in history. NBC News reports.» Read More
"Post-9/11 surveillance measures have made it far too easy for the government to review our personal and business records, telephone and e-mail conversations, and virtually all aspects of our lives," the author and President of the ACLU explains in this guest blog why the Fourth Amendment is good for business and essential for democracy.
On Wednesday, investors will wait with bated breath for news from Germany again, where the Federal Constitutional Court has the power to make or break the fate of the euro zone.
"There is a lot of money sitting on the side line. Businesses can be good, but everybody [investors] is holding back, because they are worried," George Jarkesy, president of Jarkesy and Company, told CNBC.
The cost to Germany of leaving the euro could reach €8,000 for each adult and child in the country and spell disaster for the global economy, according to economists at UBS.
Europe is on the verge of recession and the US is already in a growth recession – an expression used by economists to show that growth is so slow that more jobs are lost than added, a strategist told CNBC Monday.
The exit of any of the countries in the euro region from the single currency would cause "complete chaos" in that country and is "almost inconceivable", Erik Nielsen, global chief economist at UniCredit, told CNBC Tuesday as the euro zone debt crisis continued to loom over European markets.
"The ECB may be doing limited [bond] buying at the margins, but it is not sending the right messages. The only voice of reason out there - I am a dove on this - is the IMF, which says the ECB needs not only to let up this hawkish severe austerity message, but to also provide a lot more support for Italy, and for the rest of the Euro Zone," Roman Scott, managing director of Calamander Capital, told CNBC.
Former German Chancellor Gerhard Schroeder told CNBC that his successor, Angela Merkel, should never have tolerated the Greece-bashing as the euro zone debt crisis unravelled.
Sometimes a summer vacation can set you up for the autumn, allowing you some-hard earned rest to recharge the batteries before returning to the office, light of heart and confident about the prospects for the rest of the year.
A preview of President Obama's jobs plan to be delivered this Thursday to a joint session of Congress. And analysis of what needs to be done to create jobs in the U.S., with Steve Blitz, ITG, who says Obama's jobs plan won't work, and Mark Vitner, Wells Fargo.
Why what goes on in European economies has such an impact on the U.S. markets, with CNBC's Michelle Caruso-Cabrera. And a trader triple play, with Eric Wilkinson, independent trader; Boris Schlossberg, GFT Forex; and Bill O'Neill, Logic Advisors, on gold. And can the EuroZone be saved, with Tony Nash, Economist Intelligence Unit, and CNBC's Simon Hobbs.
Italy's largest trade union has called a national strike for tomorrow and Jean-Claude Trichet will announce the ECB rate decision on Thursday. Those are two of the big events happening around the world this week, with CNBC's Simon Hobbs. And the Asian market open with CNBC's Matthew Taylor in Australia. Also, wildfires and floods hit the area around the Gulf and could have an impact on oil and natural gas prices. And the Post Office may not be able to pay its bills later this year.
CNBC's Kaori Enjoji looks at the Asian market open the day after Europe's markets collapsed. And Simon Hobbs offers a roundup of the concerns engulfing Europe. Steve Sedgwick, CNBC Europe, discusses Italy's austerity plan. Also, the Fast Money trade on the European situation, with Joe Terranova, Virtus Investment Partners.
European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
Friday’s disappointing US non-farm payrolls data showed no jobs where created in the US in August sending stocks sharply lower as fears over a recession intensified.
Greece’s finance minister has staunchly defended his handling of the country’s relations with international lenders, accusing his critics of promoting “a mood of uncertainty and scaremongering,” the Financial Times reports.
Investors must be extra diligent when picking stocks in this tough economic environment, Anne Gudefin, fund manager at PIMCO Pathfinder, fund told CNBC Monday.
With the financial system facing renewed stress and global growth faltering economists at Goldman Sachs are predicting Britain will embark on a second round of quantitative easing in the coming months.
As the Italian government prepares for another week debating its austerity plans, Silvio Peruzzo, european economist at RBS, told CNBC that markets are viewing the failure to reach agreement negatively.