Verizon workers have reached an "agreement in principle" in an ongoing labor dispute, the Labor Department said Friday. » Read More
Financial repression is a term that has been making headlines recently. Associated with default via forced lending to governments, low rates, cross border capital controls and high inflation, financial repression allows the indebted to lower the cost of their debt at the expense of creditors.
Fitch became the second ratings agency to threaten Belgium with a credit downgrade on Monday, saying a lack of government undermined budget efforts in one of the euro zone's most indebted states.
US President Barack Obama (or Barack O’Bama as some Irish jokers have dubbed him) is one of many Americans with Irish roots who come back to the old country to visit the places their ancestors left.
The CEO of Europe's largest insurer by gross premiums and market capitalization has called for more aid for Greece and a plan to help the country's growth, according to German media reports.
In the face of an unwavering adherence by the US to highly accommodative policies, China is faced with the prospect of recycling its ever growing FX reserves into nations or regions that it probably has fundamental fiscal concerns about.
S&P cut its outlook on Italian debt at the weekend, citing fear over its growth record, weak reform process and the likely impact of reducing its high government debt.
The European Central Bank is facing a potential crisis of its own because of "skeleton" risks amounting to several hundreds of billions of euros on its balance sheet, Dow Jones reported quoting Der Spiegel magazine.
I spoke with the terribly smart, tough, fiscal conservative Sen. Tom Coburn (R-OK) about why he walked out of the "Gang of Six" bipartisan budget talks. In short, what he told me was that the "Gang of Six" budget-cutting package was simply too small.
Unemployment rates fell last month in more than three-quarters of nation's states, evidence that companies are feeling more confident in the U.S. economy.
Spain's electoral oversight body ruled that jobs protests which young people are staging across the country would be illegal over the coming election weekend, but some demonstrators said they would defy the ban.
As the economy improves, businesses large and small are going to be fighting for the best talent. Employees who have stayed loyal because of fear of making a change in dire economic times are starting to look in earnest. The best employees may even have the luxury of choosing between multiple options.
A surprise dip in April existing home sales and weak regional manufacturing data supports the bearish view that the second quarter may prove weaker than expected.
Evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed. Even for college graduates — the people who were most protected from the slings and arrows of recession — the outlook is rather bleak. The New York Times reports.
In Russian, we refer to risks as "underwater stones", the dangerous rocks lurking below the water’s surface that can sink a ship – or a stock portfolio. But the reality is that these underwater stones are never far below the surface, writes Dimitri Kryukov, chief investment officer of Verno Capital.
The shadow of the Winter of Discontent is looming over the UK again. Increasing unemployment, belt-tightening in the public sector, and a harder line from unions are ringing alarm bells for businesses.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
Whether it's called QE3, QE Lite or some other nickname, market pros believe Fed Chairman Ben Bernanke will make sure the central bank remains ensconced in the market until the economy gets much better.
The sight of Dominique Strauss-Kahn, managing director of the International Monetary Fund and prospective candidate for the French presidency, doing the "perp walk" was stupefying. If the charges are true, this capable man is a lunatic. But, unless the case collapses, the event will cast a long shadow, according to the FT.
High gasoline and airline ticket prices may deter some Americans, but it may may be time to break from the austerity of recent years.
Whatever the outcome of the accusations of rape made against Dominique Strauss Kahn at the weekend, Marine Le Pen leader of France’s Front National was almost certainly right when she said that it marks the end of his campaign — or pre campaign — for the French Presidency.