U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years.» Read More
Pimco's Bill Gross has launched an attack on Britain and the euro zone for cutting debt with severe austerity measures, warning that such action risks stifling recovery, the FT reports.
Up to half the 21 companies where the U.K. government has a shareholding could be wholly or partly privatized in the next few years, a senior official has said.
Both the Fed and the ECB have tried to boost demand in the two regions that represent 40 percent of the global economy, but it is not happening. Here's why.
The Chinese city of Guangzhou is home to an expanding community of entrepreneurs from economic rival, India, who have migrated there to share the fruits of China's stupendous growth.
An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in monetary easing by the world's major central banks.
Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.
IBM's awful earnings performance in the first quarter likely foretells a rough time ahead for the stock market.
Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street.
The meager three percent pullback in the S&P 500 at the end of February made a lot of traders believe that any pullback should be bought, but there has been a lot of discussion this week that this pullback might be different.
Wall Street has turned against its one-time iDarling. The rout in Apple's shares has been swift, with the stock falling 44 percent since late September, leaving many wondering when, and where, all of this will end. The NYT reports.
Several more Dow components report earnings Friday, providing a glimpse of how industrial and consumer companies fared in the squishy global economy last quarter.
Twenty-four current and former Internal Revenue Service employees have been charged with stealing government benefits, federal prosecutors said Wednesday.
The bears argue that we just keep blowing bubbles instead of taking our medicine and laying the framework for a lasting recovery.
The number of Americans filing new claims for unemployment benefits rose slightly, which could allay fears of a setback in the labor market.
A new study by consulting firm AlixPartners estimates by 2015, the cost of outsourcing manufacturing to China will be equal to the cost of manufacturing in the U.S.
Richmond Fed President Jeffrey Lacker told CNBC Thursday that "if you made me dictator" the Federal Reserve would stop its massive bond-buying program.
The euro stabilized on Thursday after suffering its biggest one-day fall in almost a year, as prominent ECB official Jens Weidmann hinted of a possible euro zone rate cut. Analysts say there's plenty of reason to take him seriously.
As worries over the outlook for the global economy resurface, analysts tell CNBC that Asia can take comfort from one fact – the sharp fall in oil prices.
Traders are watching for technical signs that the market is reaching its limit. The answer should be revealed in the next few days.
Mark Zandi, who's reportedly the front-runner to become the White House's next housing czar, said there were benefits to mortgage writedowns for underwater homeowners.
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