The CDC says the number of people affected by an E.coli outbreak linked to Costco chicken salad will likely grow.» Read More
I’ve got a few thoughts on this so-called Obama jobs plan, scheduled for release next week. For starters, let’s be clear: Government doesn’t create jobs. It’s the private sector that creates jobs. And that’s precisely what President Obama has been missing for nearly three years now.
Pimco's manager in charge of the world's largest bond fund, Bill Gross, may have made a mistake when betting against US bond prices earlier this year, but the economy has deteriorated faster than anyone had appreciated, analysts told CNBC Tuesday.
With speculation growing that the Fed could pull the trigger on QE3 next month and the ECB buying up bonds in the euro zone, analysts at ING in Amsterdam have been asking if it is possible for a central bank to go bust.
Federal Reserve Chairman Ben Bernanke is unlikely to announce a third round of quantitative easing in his Jackson Hole speech this afternoon, Tony Fratto, the director of Hamilton Place Strategies, a public policy research firm, told CNBC.
The fact that Deven Shama, the president of Standard & Poor’s, has stood down from his job just a couple of days after the agency downgraded the United States' credit rating has raised questions over whether he is being made into a scapegoat to deflect political pressure on the credit ratings agency.
These mistakes are big, costly and spectacular. What are some of the more notable architectural failures in modern history?
He believes the Fed has created enough liquidity, but it's tax and regulatory barriers that have blocked growth and job creation. He also responds to GOP attacks on the Fed.
Richard Fisher, Federal Reserve Bank of Dallas president & CEO, discusses the day's market rout.
The Environmental Protection Agency is emerging as a favorite target of the Republican presidential candidates, who portray it as the very symbol of a heavy-handed regulatory agenda imposed by the Obama administration that they say is strangling the economy. The New York Times reports.
An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators, reported the New York Times.
With the 10-year Treasury yield reaching lows not seen since the collapse of Lehman Brothers in 2008, some experts argue that a volatile economic climate with a recession is now likely.
As a long-time bond bull, my gratitude to the know-nothings in the Tea Party is profound. So what if they played a major role in taking a thousand points off the stock market in the wake of the U.S. debt downgrade?
The Federal Reserve’s announcement that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow. But many economists say it will take more than low interest rates to persuade consumers, a crucial driver of the nation’s economy, to take on more debt, the New York Times reports.
In a week like the one just ended, it's worth giving up some pleasure to avoid more pain, these strategists say.
President Obama plans to leave next week for vacation on Martha's Vineyard. With all that is going on in the country and around the world, should he cancel his trip? Vote now.
There are several things that can be done to help turn the market around, including leaders from Washington and around the world canceling their vacations to go back to work, Jim Cramer said Thursday.
Here’s the first super-committee interview with newly appointed member Sen. Pat Toomey.
The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.
We had a flash crash. Then we had a flash rally. Now we're flashing again to the downside. I think we should all go away for a few days and give it a rest.
The Bank of England is gloomy and the Swiss franc can't stop rising - it's your daily FX Fix.