CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Mixed bag in the commodities markets today. Oil was down on the day, even though geopolitics is likely to keep it high.» Read More
House Speaker John Boehner comments on the disappointing jobs report, and says it should show the White House it's time to get serious about cutting spending and dealing with our ailing economy.
Portugal goes to the polls on Sunday looking to elect a government that will lead them through an austerity package mandated by the European Union and International Monetary fund; but whoever wins will need to defy the electorate and introduce unpopular policies.
CNBC's John Harwood has the story on the candidates announcing their run for President.
Investors like PIMCO’s Bill Gross predict the rally in Treasurys will have to come to an end sooner rather than later, but one economist predicts the yield on the 10 year bond will hit 2.5 percent.
The Greek people's reaction to the implemented austerity measures should not be ignored, warned Alastair Newton, managing director and senior political analyst at Nomura.
The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.
The latest numbers for UK manufacturing showed a continued weakening, prompting concerns that the economic recovery is likely to be more protracted than forecasts have suggested.
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
Greece’s finances are out of control. Its bonds are downgraded to junk; and without a German and European Central Bank bailout, it will be forced to restructure its debt. The United States is losing control of its finances too, and bond rating agencies have threatened to downgrade its debt.
The state of emergency in Bahrain, a business hub scrambling to salvage its business-friendly brand, has now been lifted.
The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT.
The complexity of European politics should prevent any reprofiling of Greek debt this year, according to a political analyst, but markets are still waiting for any sign of a prospective default.
It seems certain the IMF will not pay its share of an aid tranche to Greece at end-June but the global lender is seen taking part in a new programme, a German newspaper reported on Wednesday without quoting any sources.
The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
As the race for a new bailout for Greece continues, one of the main bones of contention between opposition politicians and the Greek government is tax.
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.
On Monday, May 23rd, Dan Rutherford, the Treasurer of Illinois, began a crusade against the incurrence of more debt. Specifically, he announced that the State of Illinois is on the verge of financial disaster and, in a concise report, he disclosed certain important fiscal facts about Illinois.
The euro is gaining and stocks are following the single currency higher, but investors should avoid chasing the risk-on trade according to one analyst.
Following months of talks, Germany now appears ready to drop demands it has made in order to allow Greece to restructure its debt and prevent the government in Athens from running out of cash over the summer.
The pledge that emerged from the G8 summit in Deauville sees international development banks supplying $20 billion in aid to Tunisia and Egypt for 2011-2013. That is in addition to bilateral support.