Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
The vice president of the euro zone's central bank said Italy would be rewarded with lower borrowing costs if they delivered a more balanced budget and stuck to the EU's fiscal rules.
A long-running saga between Brussels and Rome spilled over into financial markets again this week, following reports the euro zone's third-largest economy could soon face disciplinary steps from the EU.
Late last year, Italy narrowly avoided a disciplinary procedure over its public finances, eventually agreeing to a "borderline" deal with the European Commission — the EU's executive arm.
Speaking to CNBC's Annette Weisbach on Wednesday, Luis de Guindos, vice president of the European Central Bank, said Italy had a current account surplus indicating it was competitive, but also had negatives such as hefty levels of public debt and low growth.
"I think that the recipe for Italy is quite, quite obvious," he said about recent comments on reforms from politicians in Rome.
"They have to respect the fiscal rules. And whenever there is an agreement between the Commission and the Italian governments you see immediately that, you know, there is a reward in terms of narrowing the spreads that are positive for the budget but also for the borrowing costs of the private sector in Italy," he added.
The spread of Italian 10-year debt over top-rated Germany — often used as a fear gauge for Europe by investors —reached approximately 100 basis points between mid-October and mid-March. But it has since widened out to over 285 basis points — that's its lowest level in more than three years.
On Tuesday, Italy's Deputy Prime Minister Matteo Salvini said that Rome could be hit with a fine of 3 billion euros ($3.4 billion) for accumulating the debt and deficits that break EU rules. European Commission Vice President Valdis Dombrovskis told CNBC the same day that he could not confirm whether Italy would be slapped with the fine.
Speaking Wednesday, De Guindos added that the "possibility of an infringement procedure" meant that bond spreads would usually widen. "I think that taking into consideration the volume of Italy, this is something that they should be a lot of attention to," he said.