Despite the dismal jobs report, there's some good news: Gas prices are falling with at least two states reporting $2.99 a gallon. More states could see gas below $3.
May's jobs report is a devastating number for the American economy, and a catastrophic number for Obama’s re-election hopes. All momentum on jobs and the economy has evaporated.
President Obama addresses today's weak jobs report amid an economy that "is still fighting [its] way back from the great recession." I place my bets on American workers and American businesses any day of the week," he says, "and my message to Congress is now is not the time to play politics [and sit on your hands]."
Republican Presidential Nominee, Mitt Romney discusses the "devastating" news from May's jobs report and why he feels it is a clear sign President Obama's economic policies have failed. "I think [President Obama] has proven he is not up to the task and is in over his head," says Romney.
The European Central Bank has the ability to do more to tackle to the euro zone’s debt crisis than it has been doing, Nobel Laureate and Professor at Columbia University Joseph Stiglitz told CNBC’s “Worldwide Exchange” Friday.
Madrid was dealt a double blow on Thursday after it emerged that almost €100bn in capital had left the country in the first three months of the year and the head of the European Central Bank lambasted its handling of Bankia, the troubled Spanish lender.
Team Obama has publicly downplayed the importance of Tuesday's Wisconsin recall election, says CNBC's Larry Kudlow. So why are the Democrats dispatching Bill Clinton to the front-lines? Julian Epstein, Law Media Group CEO, and Matt Lewis, Daily Caller senior contributor, weigh in.
Markets will face more difficulty as the protracted euro zone debt crisis limps along before things begin to get better and capital preservation dominates investors’ minds, one market expert told CNBC Thursday.
Brazil continues to see high levels of investment by some of the biggest global players despite suggestions that money is being pulled out of emerging markets as the global macro-economic picture worsens, Slim Feriani, Chief Executive Officer of Advance Emerging Capital Limited told CNBC’s “Squawk Box Europe”.
Tom Stemberg, Highland Capital Partners, discusses the role of private equity and jobs creation, America's deficit problems and cleaning up the U.S. economy.
Russia’s typical out-of-step response to global events – the latest its refusal to condemn the Assad regime in Syria – show its increasing insignificance on the world stage, Nouriel Roubini, chairman of Roubini Global Economics and Ian Bremmer, president of Eurasia Group, argue in an op-ed in the Financial Times
Zoe Konstantopoulou, a member of parliament for the left-wing, anti-bailout Greek party Syriza told CNBC that Greece’s bailout deal was a “death sentence for Greek society.”
A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping the European Central Bank for cash, was bluntly rejected as unacceptable by the ECB, European officials said, the Financial Times reports.
The “Mad Money” host explains how policymakers are at odds on how to solve Europe’s debt crisis.
Former Greek Finance Minister Giorgos Papakonstantinou said exiting the single currency would be disastrous for Greece. "Incomes would drop another 20 to 30 percent. Inflation would skyrocket up to 30 to 40 percent again," he told CNBC's "European Closing Bell".
Donald Trump, Trump Organization , discusses his support for presidential candidate, Mitt Romney; implementing a tax code overhaul; and creating jobs in America.
CNBC's John Harwood reports on who Mitt Romney is likely to choose as his vice presidential running mate.
Hundreds of thousands of out-of-work Americans are receiving their final unemployment checks sooner than they expected, even though Congress renewed extended benefits until the end of the year, the NYT reports.
Faced with so much market volatility and uncertainty, fund managers say they have sharply scaled back their exposure to countries in the euro-era “periphery”. They have, moreover, become highly selective about investing in banks, the Financial Times reports.
The deepening euro zone crisis is threatening the integration of Eastern European nations into the single currency area, the Chief Economist at the European Bank for Reconstruction and Development (EBRD) told CNBC’s “Worldwide Exchange”.