Mark Carney pledged to appoint a new Deputy Governor at the Bank of England to lead a "root and branch" review of its strategy, after suspending an official over the foreign exchange market manipulation scandal.» Read More
Lloyd Blankfein pointed to the uncertainty in the nation's capital as a major drag on the world economy.
The FSOC annual report says the euro zone, housing market and fiscal uncertainty continue to weigh on the economy, reports CNBC's Mary Thompson.
CNBC's Jon Fortt reports on the details of Qualcomm and IBM's earnings reports.
Treasury Secretary Timothy Geithner says he thinks the euro will survive, and Louise Cooper, BGC Partners analyst, provides perspective. "A banking system and a financial system need to be strong, for a country to be strong politically," she says.
Underappreciated changes are starting to take hold, says a major hedge fund chief.
CNBC presents a list of 10 foreign-owned brands, businesses and landmarks that are perceived by the public to be as American as it gets.
The euro's slide has been steep lately, but this strategist sees some leveling out ahead.
Despite the recent slump in several high-profile emerging markets, the group remains a promising investment opportunity, according to a panel of top money managers at at CNBC-Institutional Investor 2012 Delivering Alpha conference in New York.
CNBC's Larry Kudlow discusses today's major themes on the U.S. economy from his interview today with Treasury Secretary Timothy Geithner at the "Delivering Alpha" conference in New York.
Richard Perry, Perry Capital CEO, discusses managing risk; how to profit from sovereign debt problems in Europe; and the future of the euro.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a batch of strong earnings reports from European companies.
The euro zone debt crisis which has plagued the global economy negatively impacting even those outside of the bloc has ensured relatively subdued expectations for the start of the corporate earnings season.
The debate over whether the world’s economy is facing a dramatic crash has gained traction in recent weeks, as the euro zone debt crisis continued to dominate headlines and worries about other major economies like the U.S. and China grew.
Earnings season heats up as Intel and Yahoo beat expectations; Hank Greenberg gets a legal victory and the FDA approves Vivus anti-obesity pill.
The fiscal crisis for states will persist long after the economy rebounds as they confront rising health care costs, underfunded pensions, ignored infrastructure needs, eroding revenues and expected federal budget cuts, according to a report issued here Tuesday by a task force of respected budget experts, the New York Times reports.
Investors are, in effect, paying half a dozen countries for the privilege of lending them money in the short term following the recent European Central Bank rate cut and a flight by investors to perceived havens, the FT reports.
No matter who you are, if you qualify for a home loan, you’re going to get an historically low interest rate on your mortgage in the current market. But unless you’re a billionaire, it won’t be as low as Mark Zuckerberg’s, the Christian Science Monitor reports.
Mario Monti has expressed “serious concerns” that Sicily’s regional government is heading towards default and has asked its governor – who is under investigation for suspected links to the Mafia – to confirm his intention to resign. The FT reports.
Michael Spencer, Chief Economist, Asia Pacific and Co-Head, Global Economics, Deutsche Bank explains why he thinks it's too early to determine whether Europe has gotten out of the "intensive care" unit.
Where can investors find profits in the market? Jeff Kleintop, LPL Financial, and Bob Doll, BlackRock, weigh in. "I think we are getting decent news from technology, health care, and even earnings," says Doll.
Cyprus's finance minister, Harris Georgiades, concedes there were "problems in the past" between the Cypriot government and the central bank governor, who has just resigned.
European stocks closed mixed on Tuesday, as the crisis in Ukraine curbed enthusiasm for riskier assets.
Riccardo Barbieri, chief European economist at Mizuho International, says UniCredit could be vulnerable the turmoil in Ukraine, given its exposure to eastern europe.