Three US municipalities have dropped Standard & Poor’s ratings of their local government investment funds in retaliation for the rating agency’s downgrade of US government debt to double A plus. The FT reports.
European banks are continuing to show signs of strain, making investors increasingly skittish about American financial institutions. The New York Times reports.
The US and European Union pose divergent threats to a global economic recovery and despite weak growth in the United States, the euro zone debt crisis is more likely to impede a recovery, Paul Donovan, deputy head of Global Economics told CNBC.
As the nation tightens its budget belt, the century-old military retirement system has come under attack as unaffordable, unfair to some who serve and overly generous compared with civilian benefits.
A viewer tweeted me last week (@louisabojesen) saying "Don't phone lines exist between Berlin and Paris? Why was the face-to-face meeting necessary between French President Nicolas Sarkozy and German Chancellor Angela Merkel?"
The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis. The NYT reports.
Dissecting the day's major business news as major indexes close up more than 1%, with the Fast Money traders.
Investors were hoping for more than they got from the meeting between Frances's Nicolas Sarkozy and Germany's Angela Merkel. Here's what to do now.
“People want the best information that we have right now. But people need to understand that the best information that we have right now isn’t necessarily very informative,” says one economics professor, the New York Times reports.
The Fast Money crew offers special CNBC.com-only advice on your investments.
Dissecting the day's major business news, with the Fast Money traders.
They say nice guys finish last and, despite your mom’s protests, that may actually be true. That jerk at work may be getting paid more than you.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
The euro's prospects right now aren't bad, but the longer term outlook is a lot less rosy, this strategist says.
Bob Doll, chief US equity strategist at BlackRock, explains where investors should put their money now.
Financial markets are likely to resume their high volatility in September despite the current period of relative calm, and are approaching "Lehman levels" of stress following the downgrade of the US by credit ratings agency Standard & Poor's, according to a new report from HSBC.
Global companies are increasingly shifting recruitment for highly-skilled jobs from older markets in Europe and the US to emerging economies in Asia, headhunters told CNBC, as a new wave of job cuts threatens the City and Wall Street.