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American employers hired at the slowest pace in nine months in March, a sign that Washington's austerity drive could be stealing momentum from the economy. The economy added just 88,000 nonfarm jobs last month, the Labor Department said on Friday

Legendary investor George Soros is in Hong Kong for the INET conference. He took a few minutes to speak with CNBC's Bernie Lo. "Reports say you made a billion dollar shorting the yen," Lo said. "What are you trying to do? Break the Bank of Japan?" "I

Fed critics say the central bank's loose monetary policies are bad for savers. It’s a criticism the public has heard over and over again. For the past four years the Federal Reserve has kept interest rates near zero and has bought trillions of

With the number of distressed businesses in Europe soaring, the Continent's bankruptcy laws are getting an extreme makeover. And the model for European lawmakers is Chapter 11 of the U.S. Bankruptcy Code. The huge volume of distressed businesses in

Judging by the purchasing frenzy of Italian bonds today, most of it emanating out of Japan, which, after last night's epic snafu involving JGBs and the double halt of bond trading, may have spooked the "New BOJ-frontrunning Normal" Mrs. Watanabe, not

Pour one out for the bears. Think about it. At Friday we had: North Korea threats. Bird Flu. A bad jobs report. A major selloff in Europe. All kinds of reasons to worry. And yet? Dow off just over 40 points, coming back from about 150 points down

Uninsured deposits could be used in future bank failures provided global rulemakers agree on a common approach, according to Federico Ghizzoni, the chief executive officer of Italy’s biggest lender, UniCredit SpA. (UCG) Cutting large deposits in

Big bank depositors could take a hit under planned European Union law if a bank fails, the EU's economic affairs chief Olli Rehn said on Saturday, but noted that Cyprus's bailout model was exceptional. "Cyprus was a special case ... but the upcoming

There's a new interview with George Soros out in the popular Hong Kong newspaper the South China Morning Post. A lot of the interview is about the Chinese development model, Chinese stocks, real estate, etc. There's also an interesting section about

The stock market's robust rally was slowing even before Friday's jobs report, but the red flag sent up by the weak payrolls data makes the path to more gains less secure. It means the bulls will have to look to earnings for a way to keep the rally

Some key data about bond purchases by Bank of Cyprus - now the focus of a controversial EU-IMF bailout - is missing, investigators have found. The gaps were found in computer records studied by a financial consultancy, Alvarez and Marsal, Cypriot

We hope you had an excellent weekend. If you want to feel gloomy as things get going again, check out the latest from SocGen's Kit Juckes, who talks about the Portuguese Supreme Court rejections of austerity measures, and the fear that global growth

The week begins, and markets are generally higher. US futures are up modestly. In Europe, Italy is up 1%. Japan had a huge night, thanks to the ongoing collapse of the yen. USDJPY (The dollar vs. the yen) is hovering near 99. Just last week it was

Major stock markets rose on Tuesday, with the U.S. S&P 500 index nearing its all-time intraday high, while the dollar rallied from a one-month low against the yen on bets the Bank of Japan will announce further monetary easing steps this week. Gold

March data highlighted that business conditions in the UK construction sector deteriorated at a slower pace than in the previous month. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) – which measures overall

He may have promised to save the euro. But European Central Bank President Mario Draghi didn’t promise to make it strong. And that is just as well as Mr. Draghi will probably have to debase the currency soon if he is to save it. Both economically and

The ADP jobs report for March is the fifth economic indicator in the past week to disappoint investors with a lower-than-expected reading. Is it a sign the U.S. economy is going to slow down in the spring and early summer for the third year in a row

Stocks are falling. The S&P 500 is down 16 points, which is around 1.0 percent. Gold is also getting hit. According to CNBC, traders are concerned about the rising tensions in North Korea. This sell-off also comes in the wake of a disappointing ADP

Dramatic policy changes at the Bank of Japan are likely to start moving from rhetoric to reality Thursday, as the country makes an ambitious bid to reverse persistent deflation. Newly installed Prime Minister Shinzo Abe has made the central bank's 2%

What’s a Slovenian with several hundred thousand euros in the bank supposed to do? Spread it out among at least a few different banks, that’s what. Or move the money out of the country, while it’s still possible. Imagine what must be on the minds of