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Green and left-wing lawmakers on Wednesday nominated US intelligence leaker Edward Snowden for the European Parliament's prestigious Sakharov human rights prize. Snowden, who has sought asylum in Russia, "deserves to be honoured for shedding light on

Richest 1 percent of Americans collected biggest share of household income since 1928 The income gap between the richest 1 percent and the rest of America last year reached the widest point since the Roaring Twenties. The top 1 percent of U.S

U.S. job openings fell almost across the board in July, according to a government report on Tuesday that shined a light on labor market weakness during that month. Job openings - a measure of labor demand - fell 180,000 to a seasonally adjusted 3.7

Oof: the Great Recession cost each household between $50,000 and $120,000, or the equivalent of 40% to 90% of one year’s economic output, according to a study released by the Dallas Fed. In total, that represents an output loss of $6 trillion to $14

How do you know the August jobs report was pretty bad? When the best thing you can say is that it might have met Wall Street expectations if not for a temporary shutdown in the port industry last month. (The motion picture and sound recording

Two months ago, when we reported that the NSA has successfully inserted illegal access protocols into the Android OS, thus granting it back door access into nearly three quarters of all cell phones, the news was met with skepticism and resistance

G20 members say they expect to begin automatically sharing tax information by the end of 2015. The system of information sharing forms part of plans to tackle global tax evasion. In a communique published on Friday, G20 leaders said they would take

-Corporate bankruptcies among firms with liabilities of at least 10 million yen fell 15% on the year to 819 in August, for the 10th straight month of year-on-year decline, and the smallest number for a single month since March 1991, when it logged

Battle-weary policy makers do not want to believe that an emerging market crisis is possible. But there are striking resemblances now to the economic troubles these countries suffered in the 1990s. Then, loose monetary policies pursued by the Federal

The 2013 German federal elections may bring about pretty complicated results. With Merkel's junior coalition partner's (FDP) support dropping below the mandated 5% to enter parliament (according to polls), as Deutsche Bank notes, there is no point in

US Unemployment Claims, Retail sales, PPI and Prelim UoM Consumer Sentiment are the highlights of this week. Check out these events and more, on our weekly outlook. Last week, US Non-Farm Payrolls disappointed with only 169K as employers hired fewer

While the world was glued to the developments in the Mediterranean in the past week, Poland took a page straight out of Rahm Emanuel's playbook and in order to not let a crisis go to waste, announced quietly that it would transfer to the state -

Special funds used by big companies to park billions of euros of cash face stricter rules to make them safer, the European Commission said on Wednesday, taking a first step to reform unregulated finance known as shadow banking. The draft law will

A British exit from the European Union could prompt an exodus of leading foreign banks and undermine London's dominance of the foreign exchange markets, the head of the City of London financial district said in an interview on Tuesday. Prime Minister

At the threshold of September, let's take a quick look at performance of this month in market history. Over the long haul, September has been the weakest of the 12 calendar months. To illustrate the point, I'll use the Dow monthly closes as our proxy

Nearly four years after Zero Hedge first suggested an HFT tax should punish algos that "churned" quotes and blasted empty bids and offers to stimulate " momentum ignition " strategies, and generally corrupt market structure in a way that lead to both

US Manufacturing and Non-manufacturing PMI’s, Trade Balance and a number of Employment releases including the all-important NFP event on Friday; Rate decision in Australia, Canada, Japan, UK and the Eurozone. Check out these events and more, on our

The EuroStoxx50 (Europe's Dow) is down 3.3% on the week - it's 2nd worst week in 11 months. Yesterday's dramatic EUR weakness against the USD extended today back below 1.32 (EURUSD's worst week in the last 8) but today that weakness spread into

U.S. banks reported record net income of $42.2 billion for the second quarter on broad gains from trading revenue, the Federal Deposit Insurance Corp. said. Banks’ earnings for the three months ending June 30 marked a second consecutive record

Greece should never have been allowed to join the euro, German Chancellor Angela Merkel said, as she tries to lay the blame for the eurozone's debt crisis at the door of her political opponents. Campaigning for re-election next month, Germany's