Brian Jenkins, senior adviser at RAND, says the countries will not go to war over Turkey's downing of a Russian jet, but there will be repercussions.» Read More
Silvio Berlusconi’s administration has lost sovereignty and its lack of credibility has hit Italy’s reputation abroad, according to former European Competition Commissioner Mario Monti.
Standard & Poor's downgrade of the US' credit rating from AAA on Friday, was "absurd", Richard Portes, professor of economics at the London Business School, told CNBC Monday.
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
The decision by Standard & Poor's to cut America's debt rating is, in Alan Greenspan’s view, bad for America’s state of mind.
The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.
“So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.
With S&P’s downgrade of the United States’ credit rating from AAA to AA, many are speculating on how markets and U.S. authorities will respond.
There he goes again. Out on the campaign trail, President Obama is proposing more federal spending as his answer to sluggish growth and jobs. That won’t do it, Mr. President.
Just imagine what would have happened to the markets if the debt ceiling wasn't raised. Yesterday, the equity markets fell off a small cliff and gave back the gains for the year. Today, we are watching the markets on a roller coaster ride as investors try to figure out what is really happening in the economy.
The Federal Reserve’s Federal Open Market Committee meets next week to consider monetary policy in light of economic developments since its previous meeting in June. Given the steady stream of weak economic data, it can be expected that the FOMC will at least discuss a further round of quantitative easing – potentially a “QE3” to follow up last fall’s move to QE2.
After the Dow Jones fell by 500 points on Thursday, European indices also faced a sell-off at Friday's open.
If part of your investing strategy this year is based on the presidential cycle, you need to acknowledge that things are not going as planned. Streaks last until they don’t. Similarly, if your investing strategy is based on an economic recovery, you will need to acknowledge that growth has slowed.
Markets could rebound after Thursday's global sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report told CNBC Friday.
Investors should not sell into a selling climax, according to Jim Rogers, the CEO and Chairman of Rogers Holdings.
With the threat of failure to reach a debt deal finally out of the way and the worsening global macroeconomic picture gripping investors, it has been a win- win for US Treasurys so far.
Is it time to buy gold or flee to cash? With all of the hyperbole in the market on Friday following the 500 point fall in the Dow Jones Industrial average on Thursday, and heavy selling in Asia and Europe Friday, the answer might be bottled water, tinned food and shovels.
Jean-Claude Trichet tried his best to provide reassurance to investors on Thursday.
Technical factors played a role in Thursday's unsettling market moves, including the disorderly across-the-board collapse in the price of risk assets in the final hour of trading and the related surge in U.S. Treasuries. But they were not the cause. Rather, they amplified three factors that will determine the fate of markets in the weeks ahead.
What are you gonna do when the financial world is falling apart, again. This has to be the 12th or 20th (maybe 50th) time the world has ended during my career.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.