Rich Republican donors are descending on Colorado Springs this weekend, where the cloud of Donald Trump hovers over them, NBC News reports. » Read More
There is something you should know about the deal to cut federal spending that President Obama signed into law on Tuesday: It does not actually reduce federal spending, the New York Times reports.
For Angela Merkel there are few things which are as set as her summer holidays. She always leaves Berlin for two weeks with her invisible husband for a hiking holiday in the Tyrol Alps.
A Swiss rate cut dents the franc and Europeans go shopping — it's time for your FX Fix.
Events on Wednesday could prove crucial to attempts to again come to grips with the European debt crisis, after Italian borrowing costs hit a 14-year high on Tuesday.
The economy is in big trouble, and the world’s central banks may be running out of ways of turning it around, according to Carl Weinberg, chief economist at High Frequency Economics.
The US is likely to see its debt downgraded by the credit rating agencies, despite the passage of a bill to raise the country's debt ceiling on Monday, analysts told CNBC.
The bear market is on its way back, economist and contrarian investor Marc Faber, the editor and publisher of The Gloom Boom & Doom Report told CNBC Tuesday.
Fitch's triple-A rating on U.S. debt is safe—for now—but that could change if "fundamental weakness" in the economy isn't addressed, Fitch's head of sovereign ratings said on CNBC.
The debt ceiling debacle and the latest Greek bailout deal are almost behind us, but euro and dollar investors still aren't happy.
The U.S. Senate on Tuesday approved a last-minute deal to raise the U.S. borrowing limit to avert a catastrophic debt default by the world's largest economy.
The dollar will face months of weakness in the run up to the U.S elections next year, David Bloom, global head of foreign exchange strategy, HSBC told CNBC Tuesday
South Korea diversifies reserves away from the dollar, and Australia's central bank stays pat — it's time for your FX Fix.
As jittery markets pushed the euro below the 1.10 level against the Swiss franc for the first time ever on Tuesday, the headache for the Swiss National Bank (SNB) over its limited options to fight the strong franc is turning into a chronic migraine.
The current low rate of GDP (gross domestic product) growth in the United States indicates that the world's largest economy is headed for another recession, according to Anthony Doyle, Director of Investment Specialists M&G Investments.
So markets finally have a deal on the US debt ceiling, and it has been passed by the House of Representatives, but was all the fighting over how to cut spending really worth it?
Amid signs that the European debt crisis -- which already has seen Greece, Ireland and Portugal seek aid from the European Union and International Monetary Fund -- is now spreading to Italy, analysts at Goldman Sachs are predicting that while painful, debt consolidation will succeed as soaring borrowing costs force governments to act.
As the world waited for news on whether the House would pass the debt ceiling deal on Monday, stocks in Italy came under heavy pressure with the country's banks again seeing heavy losses.
A new round of fiscal warfare is in store for the US over the coming months as a new congressional committee is formed to find extra savings from the most sensitive areas of the budget, the FT reported.
With the debt ceiling crisis looming, we are at risk of losing the momentum America has gained toward energy independence and achieving a cleaner, greener future.