U.S. military involvement in Iraq will continue as the threat from ISIS is more dangerous than that from al-Qaeda, said Defense Secretary Chuck Hagel. NBCNews reports.» Read More
Former Minnesota governor Tim Pawlenty turned out a blockbuster economic-growth plan this past week, including deep cuts in taxes, spending, and regulations. It’s really the first Reaganesque supply-side growth plan from any of the GOP presidential contenders. And he caps it all off with a defense of optimism as he charges ahead with a national economic growth goal of 5 percent.
Ever since the financial crisis of 2008 it feels as if markets are never that far away from another bad news story.
To spend or not to spend. That is the question dominating the thoughts of economists and politicians across the world as the impact of austerity, or lack of it, on growth rates slowly becomes apparent.
The German parliament voted in favor of a resolution on Friday from the ruling coalition parties to back additional aid for Greece.
As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and the precious metals are likely headed tomorrow.
CNBC's Silvia Wadhwa Says: Why Not Print Your Own Money?
Geir Haarde, Iceland's former prime minister, has been charged with criminal negligence over his part in the collapse of the country's banking sector in 2008, the first credible attempt to hold a head of government accountable for the failures in oversight that led to the global financial crisis.
Economic data on both sides of the Atlantic pointing to a slowdown is rattling investors' nerves and is likely to keep them on the sidelines for the rest of the month, Barclays Capital expects.
Dominique Strauss-Kahn, naturally, isn't attending this year, and his likely successor Christine Lagarde is in China, but the Bilderberg Conference, which kicks off in the Swiss resort of St. Moritz on Thursday, retains its conspiratorial chic and pulling power.
As its European neighbours continue to struggle, Hungary, which turned down part of an International Monetary Fund/European Union loan last year, has won grudging international acceptance for its focus on job creation.
Whilst the Bank of England sits on the sidelines, the boss of the European Central Bank on Thursday is expected to signal he will raise rates next month to curb inflationary pressures.
Only weeks ago, quantitative easing, the emergency policy of pumping money into the financial system to revive the economy, was considered firmly over. Now, amid a stream of gloomy data that has raised renewed fears of a double-dip recession in the UK, it could soon be back on the agenda, reported the FT.
With Greek 10-year bond yields trading above 16 percent, and the government about to make 6 billion euros worth of new cuts, the numbers on Greek austerity don't add up, one analyst says.
Analysts have been feverishly revising down their growth projections. Much depends on the effectiveness of policies and, critically, whether there will finally be a more coherent and sustained policy response in systemically important countries, especially the US and Europe.
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.
Our beloved two party political system is currently negotiating an increase to the debt ceiling, all in the name of fiscal responsibility.
A recovery in the US housing market and growth for the US economy are key to the global economic recovery, along with growth in China and further funding for Greece, Gary Baker, head of European equity strategy at BofA Merrill Lynch told CNBC.
European gas suppliers could see a boost from Germany's decision to phase out nuclear energy, with other countries set to follow Berlin's lead, Per Lekander, head of utilities research at UBS, told CNBC Wednesday.