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.» Read More
CNBC's Michelle Caruso-Cabrera has the update on the vote for an austerity package for Greece.
Albert Einstein is reported to have said that insanity consists of doing the same thing over and over again and expecting different results. By those standards, the deal with Greece that is about to be agreed looks insane. The only justification, as I argued in a column on May 10, is that it is needed to play for time. This is a bad strategy. Something more radical is required, according to the FT.
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.
Greece’s Prime Minster George Papandreou will face a vote of confidence in parliament tonight at midnight Athens time, 5PM ET. The government is working around the clock to gather support for its economic reforms and a new set of austerity measures.
There seems to be no limit to policy uncertainties, ranging from Europe’s stuttering response to its debt crisis, to questions about the end of QE2 in the US, the debt ceiling debate, and that still-elusive balance between medium-term fiscal reform and immediate stimulus to counter a weakening economy.
Should the U.S. privatize assets to cut debt? Insight with Christian Weller, Center for American Progress and Ford O'Connell, CivicForumPAC.
A British teenager has been arrested by officers investigating the LulzSec and Anonymous hacker groups, believed to be responsible for attacks on Sony, the U.S. Senate, the CIA, Britain's Serious Organised Crime Agency and News Corp.
European stocks rose early Tuesday and the euro stabilized versus the Swiss franc on hopes that euro zone officials will find a way to prevent a Greek default, as Fitch said even a voluntary maturity extension would lead to a cut in ratings.
CNBC's John Harwood has the story on what's on the chopping block as the Obama administration plans to cut the deficit.
Monetary policy has been "the great enabler" that central banks used to keep interest rates at "absurdly low levels for years now" and this has encouraged politicians to believe that sovereign debt is "a lot cheaper than it really is," David Stockman, former director of the Office of Management and Budget, told CNBC Tuesday.
Wisconsin has balanced its budget by creating a credit positive budget, says Gov. Scott Walker (R-WI), who defends the state's highly criticized budget.
A look ahead of the vote tonight, with Julian Callow, Barclays Capital chief economist, and insight on what an austerity deal will trigger.
CNBC's John Harwood has the details on the Republican contenders for the Presidential race in 2012.
With the world’s markets focused on the no-confidence vote in Athens Tuesday evening, one of the big questions facing the investors is if Portugal and Ireland could fall into similar difficulties if dreaded contagion where to spread across Europe’s periphery.
For more than two years, we have witnessed the economic demise of several European countries. This soon led to the financial community systematically assessing the health of several peripheral southern European countries, tumbling investment grade ratings and spikes in required rates of return on government debt of these sovereigns. As the European Central Bank continues to dole out rescue packages, many are now looking for the next country to suffer a financial attack and wondering if the euro will even survive, reports the FT.
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 International Monetary Fund has revised its growth forecast for the euro zone to 2 percent, up from 1.6 percent, despite persistent concerns about the peripheral countries.
A study reveals that Representatives beat the market by average of 6%. Insight on whether Congressmen should be subject to insider trading law, with Dan Mitchell, Cato Institute.
Coming up this Wednesday, the Fed's Policy Committee will meet and Fed head Ben Bernanke will host his second public press conference.
Bring back the drachma! Let Greece drop out of the euro for a while and give the Greek economy the chance to recover. Back to the good old days of soft currency and depreciation ...