Chrysler CEO Sergio Marchionne, blunt in his assessment of how European leaders have handled their faltering economy, says Europeans need to stop complaining.
Investors have little choice now but to cling to low-yielding U.S. government debt as European leaders ponder a messy Greek exit from the euro zone, Pimco's Bill Gross told CNBC.
A small group of protesters showed outside Goldman Sach's annual shareholder meeting, while inside the CEO fielded questions on regulation, Europe, pay and JPMorgan's trading losses.
Insurers, hospitals and doctors say they are forming partnerships and creating programs to find ways to slow the growth in the nation’s $2.7 trillion health care bill. The New York Times reports.
Jobless claims fell slightly last week, while demand for long-lasting U.S. manufactured goods rose less than expected in April, raising concerns about the U.S. economic recovery.
New York Fed President Bill Dudley, a leading dove on the Federal Open Market Committee, sounding a somewhat hawkish tone in an exclusive CNBC interview, suggested he does not at the moment see a need for additional easing from the central bank.
There has been no global recession but negative sentiment and maximum uncertainty are clouding the reality of the situation, Frank Appel, Deutsche Post’s CEO told CNBC on “Worldwide Exchange.”
U.S. stock index futures climbed after briefly cutting gains Thursday as investors sifted through a batch of mixed economic reports and amid ongoing worries over the euro zone.
Thursday, 24 May 2012 | Source: Christian Science Monitor
This Memorial Day weekend, motorists will find gasoline plentiful and at the lowest price it’s been for two years. Good news. And it may get better. The Christian Science Monitor reports.
Fixed-income investors are once again looking sage-like, as the latest eruption in the EU crisis ravages equities. Two of these funds are up more than 7 percent.
New U.S. single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
Stocks clawed back from steep losses to finish narrowly mixed Wednesday following several reports on the euro zone that helped soothe fears over the region's debt crisis.
Applications for U.S. home mortgages rose last week, fueled by demand for refinancings as mortgage rates hit fresh record lows, an industry group said on Wednesday.
Wednesday, 23 May 2012 | Posted By:
| Source: CNBC.com
Strong demand for Germany’s two-year bonds, which offer nothing in return, shows that opening Pandora’s Box in Europe has sapped investor confidence, Jim O'Neill, chairman at Goldman Sachs Asset Management told CNBC’s “Worldwide Exchange.”
Flash-sale websites such as Gilt Groupe and Ru La La were hailed as disruptors in the ecommerce space, but recently there’s been a bit of a disruption in their success story, prompting some to wonder if flash-sale sites are more of a marketing gimmick than a sustainable business model... Read More
Flash-sale sites like Gilt.com, RueLaLa.com and BeyondtheRack.com came on the scene when recession-wary consumers were hungry for bargains and still reserved about their spending... Read More