After a long stretch of high unemployment, legislative turmoil and, in turn, slipping public approval, President Obama seemed to regain his political footing this week with the help of House Republicans, whose handling of a standoff over payroll taxes had even leading conservatives accusing them of bungling the politically charged issue.
What does 2012 hold for the world economy? Will it fall into a double dip recession? Will the euro zone take us all down with it? While acknowledging that predicting what will happen next year is a dangerous business, economist and founder of Strategy Economics Matthew Lynn decided to try anyway.
Can Newt Gingrich recover from several recent blunders? Michael Steele, former RNC chairman; Bob Walker, Wexler & Walker; and Howard Dean, former DNC chairman, weigh in.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Investors can blame Europe for choking off stock market gains in 2011. But there’s a growing list of geopolitical flashpoints lurking in 2012—and any one of them could pose a risk to stocks.
Traders watch Europe, but volume is light heading into the holiday. November existing home sales numbers come out at 10am, while at 1pm there's a 7-year note auction. And after the bell, earnings from Micron and Bed, Bath & Beyond. With CNBC's Jackie DeAngelis.
Famous economist Nouriel Roubini, credited for predicting the financial crisis, made a plea to policymakers to take the tough action needed to address current economic problems, in an article published on the Financial Times' website.
What were the biggest business stories of the year? Many a journo-hotshot will be glad to tell you. But here at CNBC.com, we like when our readers tell us what interests you.
Speaker of the House John Boehner speaks to the decision for a formal conference to resolve the differences for the payroll tax cut bill between the Senate and the House.
Rep. Ron Paul of Texas is now leading the pack in Iowa as Newt Gingrich's support fades.
George Osborne has called time on Royal Bank of Scotland’s ambitions to be a force in global investment banking, as the chancellor backed sweeping reforms to ensure taxpayers never again have to rescue the banks. The FT reports.
A break-up of the euro would be “absurd” and “unthinkable,” Vítor Constâncio, Vice-President of the European Central Bank (ECB), told CNBC Tuesday.
European shares slide as the ECB's Draghi says nothing about bond buying in speech. The ECB's Constancio says a euro zone breakup is unthinkable. Spain's incoming PM wants to reduce the deficit by $21.6 billion. Saab plans to liquidate after a Swedish court accepts its bankruptcy application. Oil stocks fall on weak economic recovery. And ratings agency Fitch says it's skeptical about Europe's ability to tackle its debt crisis. With Keith McCullough, Hedgeye Risk Management.
Mario Draghi warned of the costs of a euro zone break-up, breaching a taboo for a president of the European Central Bank, in an interview with the Financial Times.
The governor of France’s central bank has said Britain is more deserving of losing its top-notch credit rating than France as Paris braces itself for a potential downgrade of the country’s triple A status.
Which GOP candidate will win the heart of conservative voters in 2012? Keith Boykin, former Clinton White House aide; Ann Coulter, syndicated columnist; and James Pethokoukis, AEI economic columnist, discuss.
The House has passed a $1 trillion-plus catchall budget bill paying for day-to-day budgets of 10 Cabinet departments and averting a government shutdown.
As long as financial problems in Europe and the U.S. continue, the market will remain flat and investors will remain nervous in 2012, the head of Raymond James Financial told CNBC.
An extended bank holiday in the European Union to halt a steep market fall, a third party candidate winning the race for the White House, and 50 European banks being nationalized are just a few of Saxo Bank's "outrageous predictions" for 2012.
European markets have a mostly green day after upbeat U.S. economic data -- insurance stocks are among the day's best performers. Credit Agricole falls after Fitch downgrades its long-term rating. Italy calls for a Friday confidence vote in effort to speed up austerity passage. And the IMF's Christine LaGarde says the world economic outlook is "quite gloomy" and requires action by countries outside the EU. Henry McVey, KKR head of global macro and asset allocation, discusses his investment strategy for a tu