"This announcement by Dubai World was a surprise to everyone, including many money market participants in Abu Dhabi," Mohsin Khan from the Peterson Institute for International Economics said Monday. "Abu Dhabi is the guarantor of Dubai debt… So the assumption was that they would come out and support Dubai."
A US senator opposed the re-election of Ben Bernanke as Federal Reserve chairman, saying he is "part of the problem." "It reflects the fact that the financial bell measures in the United States are very unpopular," Dr. Douglas Holtz-Eakin, former economic advisor to George W. Bush and George H.W. Bush, said Monday.
Global sports franchise Ultimate Fighting Championship is making money hand over fist. President and owner Dana White discusses his business with CNBC.
UFC is a mix of muscle and mayhem making money hand over fist. CNBC goes inside the octagon with front man Dana White, the fighters and the billionaire backers who turned the league from a dying franchise into a global sensation.