"We can put our finger on the problems, and they're temporary, I think," says one economist. "Oil prices were a blow. You can see that in the consumer spending numbers in Q1, and prices are coming back down."
CNBC's Rick Santelli & Steve Liesman breakdown the initial jobless claims data, up 10,000 and the GDP revision, up 1.8 percent.
The policy of no default, no change to euro membership and providing a bailout fund has not worked, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland.
Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said Thursday.
President Obama meets his peers, Tiffany reports earnings after the earthquake and Google jumps into the mobile payment game. Here's what we're watching...
Thursday rolls around again, and so do weekly jobless claims, the new nail-biter number traders are watching.
As more and more steps of the manufacturing process are outsourced to other countries, American products are harder to find, and often more expensive to purchase. Can "Made in America" survive in a global economy?
Greece should receive another tranche of aid from the European Union to enable it to have a second chance and restructure later, according to an analyst.
The developing world is losing momentum and the risk is that this transfers to a loss of earnings momentum for the big internationals in the leading indices like the S&P 500, the DJ Euro Stoxx and the FTSE 100.
The Greek government is unsurprisingly unable to find consensus on new, even stronger austerity measures aimed meeting the terms of its bailout by the European Union and the International Monetary Fund.
European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.
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.