The number of violent crimes in the United States dropped significantly last year, to what appeared to be the lowest rate in nearly 40 years, a development that was considered puzzling partly because it ran counter to the prevailing expectation that crime would increase during a recession. The New York Times reports.
Economists, fund managers and strategies who responded to the latest CNBC Fed survey have lowered their outlook for growth and the level of the S&P 500.
It has almost been two years since US President Barack Obama took the stage at Cairo University, reaching out to a mesmerized audience and seeking "a new beginning between the United States and Muslims around the world".
The fact that the dollar is rallying at a time when the US economy is weakening is a sign that the foreign exchange market has been turned upside down, according to HSBC’s David Bloom.
US 10-year yields are low and despite a battle over raising the debt ceiling and a warning from S&P on the outlook for US debt, investors have yet to tire of the treasury market which has rallied since the end of April.
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.
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.
The link between illicit sex, money and power goes back as far as David and Bathsheba. This week has added several new names to the list of scandals at the top of the business world.
Twice as many business leaders say that the world economy is going to improve in the next six months than think it is going to get worse, according to the FT/Economist global business barometer.
The head of Malaysia’s government investment arm Khazanah Nasional has defended its purchase of Singapore hospital operator, Parkway Holdings.
Lady Gaga and her 10 million Twitter followers have bumped Oprah Winfrey off the top spot in Forbes 100 Most Powerful Celebrities.
Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.
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.
The gravitas that the IMF needs to hold when walking into a nation's finance ministry or central bank and demand sacrifice for the social good is diminished by the allegations regarding the personal conduct of its managing director, according to Carl Weinberg, the chief economist at Capital Economics.
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.
While its housing market collapses, the US lives in a Disney-like bubble on debt, according to Neil Dwane, the CIO of Investment management group RCM
The co-CEO of the world’s largest bond fund has warned America that it faces a combination of higher inflation, austerity and financial repression over the coming years as policy makers grapple with the impact of the financial crisis and the subsequent policy response.
BP is back in last-ditch talks to buy out the Russian partners in its joint venture TNK-BP Ltd, in a deal that could be worth $30 billion or more, the Wall Street Journal reported on Sunday.
Decisions by politicians on how to deal with debt on both sides of the Atlantic will be crucial to prevent another Lehman-style crisis, economists and analysts told CNBC in a debate about banking in the European Union and in the US.
In a CNBC exclusive, President Clinton broke his silence speaks to Maria Bartiromo for the first time about what he knew about the operation, what it means for the war on terrorism, and what's next for the relationship between the US and Pakistan.