CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Volatile day for commodities as oil was down on the day. Traders continue to watch the Middle East» Read More
The notion that China is going to replace the United States as sole superpower is possibly the greatest myth of our time.
Super big combined with super unstable and super repressed is not a formula for a superpower—at least not a durable one. Super institutions and super free is. The leading superpower title is America’s to lose.
Oil companies are understood to be preparing to move back into the North African country, which used to pump 1.6 million barrels per day before the uprising against Muammar Gaddafi's government began six months ago.
Weighing in on the traits of the best GOP candidate to run against President Obama in 2012, with former governor Jon Huntsman, (R-UT), who adds that the nation is losing sight of some Republicans who want to get the economic house in order.
Muammar Gaddafi's son rallies loyalists to battle back in Tripoli, reports CNBC's Yousef Gamal El-Din.
CNBC's John Harwood has the details on the front-runners in the race for a GOP presidential candidate in the 2012 election.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
The fact that Deven Shama, the president of Standard & Poor’s, has stood down from his job just a couple of days after the agency downgraded the United States' credit rating has raised questions over whether he is being made into a scapegoat to deflect political pressure on the credit ratings agency.
"I think longer-term we're still in a stable range, or even a decline on economic trends, with potentially slowing economic growth in the United States, a lack of direction in fiscal policy, and the issues in Europe that are still unresolved," Michael Cuggino, president of Permanent Portfolio Funds, told CNBC.
"You would think by now people would realise there is no quick fix to get us out of this crisis. It is going to be a long-haul, and what we really need to get is some reforms to the economy. Confidence comes from seeing government policy be what you want it to be," Matthew Bishop, U.S. business editor at The Economist, told CNBC.
While rebels in Libya take control of much of Tripoli, the U.S. Treasury has seized $30 billion dollars of Gaddafi's money. CNBC's Eamon Javers is hot on the money trail of the Libyan leader.
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.
Charges against former head of the International Monetary Fund Dominique Strauss-Kahn may be dropped altogether this week in New York.
Footage from the rebel takeover of Libya's capital city, Tripoli.
The question facing every investor on the planet is simple enough: When will this sell-off come to an end? Because when it does, the risk-on trade will mean big returns.
"It's difficult to see what Bernanke could say on Friday that hasn't already been said or done before. They could tinker around with reactivating a bond programme, but as we saw with QE2, which wasn't exactly a resounding success, it is not really so much a liquidity problem with the markets; it's a debt problem, and therefore, a confidence problem," Stephen Davies, chief executive at Javelin Wealth Management, told CNBC.
Euro bonds are exactly the “wrong answer” to the current crisis and would merely lead the euro zone to a "debt union" rather than a “stability union” according to German Chancellor Angela Merkel.
Europe’s economic and monetary union as constructed does not work and the euro zone needs some collective and determined leadership according to Jim O’Neill, the chairman of Goldman Sachs Asset Management.
The European debt crisis continues to weigh heavily on global stocks and the economy, with Russ Koesterich, BlackRock, and Robin Harding, Financial Times.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.