Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.» Read More
There is a report that thousands of new agents will be hired to bust down doors to hunt for Obamacare tax. Mark Matthews, former IRS Deputy Commissioner, offers insight.
CNBC's John Harwood reports on the outstanding wave of donations to Mitt Romney's campaign since the health-care ruling yesterday; and Jonathan Cowan, Third Way; Todd Schnitt, The Schnitt Show; and Mark Simone, WABC radio talk show host, weigh in.
The Colorado Springs fire is 25 percent contained, and Peter Madoff pleaded guilty to crimes that allowed his brother Bernie to run his ponzi scheme, reports CNBC's Brian Shactman. The Weather Channel's Chris Warren also reports on historic heat across the United States.
The markets are soaring on European euphoria, but is a rough landing ahead since the health-care ruling? Benjamin Sasse, former U.S. Health & Human Services assistant secretary, weighs in. "This is a closer outcome to the disaster outcome, of yesterday, than the markets are understanding," says Sasse.
A surprise agreement announced by the European leaders to help the region's struggling banks, with Jeffrey Frankel, Harvard University professor and National Bureau of Economic Research director.
CNBC's Brian Shactman reports on today's market rally; and Stephen Weiss of Short Hills Capital and Zachary Karabell of River Twice Research, provide their perspective on the state of the markets.
The euro is having a big day on the heels of the summit agreement - but this strategist is wary.
CNBC's Michelle Caruso-Cabrera discusses Europe's new deal, and continued concerns for businesses with big international exposure, with Ricardo Salinas, Grupo Salinas chairman & CEO.
CNBC's Michelle Caruso-Cabrera reports the latest details on the agreement reached at the EU Summit.
Art Cashin of UBS talks with Sue Herera about the sustainability of today's stock market rally and why he thinks the situation in Europe will be much clearer on Monday.
Markets are moving sharply this morning following the EU Summit. What do these big moves mean? David Spika, Westwood Funds, weighs in.
CNBC's Michelle Caruso-Cabrera offers the latest from the EU Summit.
Summit progress lifts the euro and the Bank of England talks tough — it's time for your FX Fix.
CNBC's Michelle Caruso-Cabrera offers insight on developments in the euro zone crisis. Meanwhile the banking sector continues to face headwinds, with some saying that earnings growth for the industry will remain subdued for some time to come, with Kelly King, BB&T chairman & CEO, and Chris Whalen, Tangent Capital.
Guy Wolf, Marex Spectron, says the EU never gained a democratic mandate, and adds that the debt crisis will not pass for another 20 years.
European leaders are convening in Brussels today for the second day of the EU Summit, with Guy Wolf, Marex Spectron.
European equities opened the last day of the week positively, responding to decisions made at the EU Summit, with CNBC's Kelly Evans.
Euro zone leaders agreed to radically restructure Spain’s 100 bilion euros ($125.9 billion) bank recapitalisation plan, allowing EU bailout funds to eventually be injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books.
Global investment banks are bracing themselves for a dismal second half, with further cuts in costs and staff, after a sharp drop in dealmaking and capital markets activity pushed down fees in the second quarter to their worst level in three year, the Financial Times reports.
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.
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Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.