- Asian shares and the euro eased Wednesday, with investors waiting for a European Central Bank meeting on Thursday and U.S. payrolls on Friday for signs of more action to counter European debt woes and support growth.
- Banco Santander's announcement that it would be spinning off nearly one quarter of its Mexican unit in an initial public offering later this month was greeted by the markets as a seemingly win-win-win proposition. But the move by the large Spanish bank only highlights the increased dependence Iberian banks have had on their overseas branches over the past few years and how, in an effort to now package off those units and sell them, they could be killing the hen that's been laying the golde...
- The fact that the Democrats are preparing to convene in North Carolina highlights how shifting demographics are changing America's electoral map.
- Republican critics jumped on President Obama's remarks as more evidence that the he is not capable of reviving the economy.
- During the holiday week, economy-watchers are likely to focus on Friday's August nonfarm payrolls report and the European Central Bank’s governing council meeting, on Sept. 6.
- A car filled with explosives rammed into a U.S. government vehicle near the U.S. Consulate in the northwestern Pakistani city of Peshawar Monday, killing two people and injuring five others, media reports said citing Pakistani authorities.
- He's practically the devil incarnate to the Republican Party, but no president since President Franklin D. Roosevelt has had to address as many serious economic, financial and foreign policy problems as President Barack Obama. Further, Obama's relative success addressing these problems, and the Republican Party's callousness, will lead to Obama's re-election in November.
- It seemed everyone was claiming their crystal ball has been right in anticipation of a much-hyped speech by the world's most powerful central banker, who managed to turn the attention of traders around the world to his podium in bucolic Jackson Hole, Wyo. Friday. They were all right and, as usually happens in such cases, they were also all wrong.
RNC 2012: Clint Eastwood's Surprise Appearance At Republican National Convention Propels Star Power To Fore, Evokes Twitter Backlash (VIDEO)As Clint Eastwood made his "surprise" appearance at the Republican National Convention and delivered his speech supporting Republican Mitt Romney and mocking President Obama, star power came to the fore ahead of November 6 elections even as Twitterati blasted his speech.
- Market-watchers continued to use words like "anticipation," "expectations," "disappointment" and "excitement" Thursday, less than 24 hours ahead of a speech by Federal Reserve chairman Ben Bernanke that is being hyped up as a make-or-break moment for economic affairs in 2012.
- Following the Congressional Budget Office's (CBO) predictions of the imminent "fiscal cliff" that will send the U.S. economy into a recession after January 1, 2013, analysts are struggling to identity the true extent of the oncoming threat. While the CBO estimates that unemployment will increase to about 9 percent in the fallout from proposed "fiscal tightening" measures, Capital Economics suggested in a U.S. Employment Report published today that the effect on hiring may be more ...
Once, Republicans Supported Collective Bargaining, Mass Transit Funding, And Even Progressive TaxationA comparison of past RNC platforms truly demonstrates how far the party has swung to the right.
- U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
- More Americans than forecast filed applications for new jobless benefits last week, the Labor Dept. said Thursday, suggesting that the labor market is barely healing.
- The U.S. stock index futures point to a lower open Thursday as investors continue to have concerns about the weakening global economy and worsening economic growth momentum.