Russian stocks hit a four and a half year low ahead of this weekend's pivotal referendum in Crimea to split off from Ukraine, NBC's Ian Williams reports the latest developments on the crisis.» Read More
Standard & Poor's downgrade of the US' credit rating from AAA on Friday, was "absurd", Richard Portes, professor of economics at the London Business School, told CNBC Monday.
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
"Clearly the S&P downgrade is a disappointment, clearly the timing as well is disappointing but I don't think financial markets will be taken completely by surprise by this," Henry Dixon, fund manager at Matterley Asset Management told CNBC.
The decision by Standard & Poor's to cut America's debt rating is, in Alan Greenspan’s view, bad for America’s state of mind.
The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.
“So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.
Malcolm Turnbull, Shadow Communications Minister of Australia, says consumers do not have confidence in the market due to the lack of leadership in both U.S. and the euro zone.
With S&P’s downgrade of the United States’ credit rating from AAA to AA, many are speculating on how markets and U.S. authorities will respond.
S&P could be planning an imminent US credit ratings downgrade, with Barry Nolan, former Joint Economic Cmte.; Steve Moore, Wall Street Journal; and Joseph Watkins, MSNBC political analyst.
There he goes again. Out on the campaign trail, President Obama is proposing more federal spending as his answer to sluggish growth and jobs. That won’t do it, Mr. President.
Just imagine what would have happened to the markets if the debt ceiling wasn't raised. Yesterday, the equity markets fell off a small cliff and gave back the gains for the year. Today, we are watching the markets on a roller coaster ride as investors try to figure out what is really happening in the economy.
The Federal Reserve’s Federal Open Market Committee meets next week to consider monetary policy in light of economic developments since its previous meeting in June. Given the steady stream of weak economic data, it can be expected that the FOMC will at least discuss a further round of quantitative easing – potentially a “QE3” to follow up last fall’s move to QE2.
Weighing in on how to fix the debt crisis in Europe, with Erik Davidson, Wells Fargo Private Bank; Gillian Tett, The Financial Times; and CNBC's Michelle Caruso-Cabrera.
After the Dow Jones fell by 500 points on Thursday, European indices also faced a sell-off at Friday's open.
If part of your investing strategy this year is based on the presidential cycle, you need to acknowledge that things are not going as planned. Streaks last until they don’t. Similarly, if your investing strategy is based on an economic recovery, you will need to acknowledge that growth has slowed.
Markets could rebound after Thursday's global sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report told CNBC Friday.
Investors should not sell into a selling climax, according to Jim Rogers, the CEO and Chairman of Rogers Holdings.
With the threat of failure to reach a debt deal finally out of the way and the worsening global macroeconomic picture gripping investors, it has been a win- win for US Treasurys so far.
Is it time to buy gold or flee to cash? With all of the hyperbole in the market on Friday following the 500 point fall in the Dow Jones Industrial average on Thursday, and heavy selling in Asia and Europe Friday, the answer might be bottled water, tinned food and shovels.
¿What the consensus is looking for is a mediocre employment number¿..and I think the markets are going to ¿ho hum¿ and continue on with their glum outlook on the US economy,¿ Ellen Zentner, executive director and senior US Economist at Nomura told CNBC.