BRUSSELS, Aug 27- Google, the world's most popular Internet search engine, rejected on Thursday European Union antitrust charges that it abused its market power, saying they lacked any economic or legal basis. "Economic data spanning more than a decade, an array of documents and statements from complainants all confirm that product search is robustly...» Read More
Wall Street will be closely watching the results of the European bank stress tests on Friday even as the deluge of earnings continue.
Forget about stress tests as a way of gauging the health of Europe's banking sector. Instead you should look to the biggest-spending soccer team, according to Jim O'Neill, chief global economist for Goldman Sachs.
Fresh economic data Thursday could feed the market's phobia about a weaker economy, ahead of another round of testimony from Fed Chairman Ben Bernanke.
The National Bank of Greece is confident it will pass the European Union stress tests and is not looking for an increase of capital or a merger at the moment, its chairman told CNBC Wednesday.
Apple proved once more its iProducts make for a powerful earnings machine, but that may not add much juice to tech shares Wednesday.
IBM's disappointing second quarter results will compete with a barrage of corporate earnings reports ahead of Tuesday's opening bell.
The market is set for a strong earnings season with corporate guidance giving a clear indication that surprises will be on the upside, according to Saxo Bank.
We believe the Fed has a much firmer appreciation of the risks than the Japanese ever did. We believe that the Federal Reserve is fully engaged and is more concerned about the threat of deflation than inflation.
This will still be a sunny summer for stocks, according to the chief investment officer of Swiss private bank Sarasin, Burkhard Varnholt.
Earnings releases from J.P. Morgan and Google book end the trading day Thursday and could provide some more juice to the market's earnings rally.
Eleven banks including Germany's Commerzbank and Italy's Banco Popolare will fail the European Union's stress tests, Alessandro Roccati, director at Macquarie Securities, told CNBC Wednesday.
Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.
There are risks associated with imposing regulation on London banks without the rest of the world following suit, the head of the British Bankers Association Angela Knight told CNBC Tuesday.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
European officials are under pressure to finish setting up their bailout fund for indebted governments before next week's publication of bank stress test results, which could highlight new financial strains.
Economists at Capital Economics are predicting it is more likely the euro zone will break up than survive.
Second quarter earnings season is likely to create a positive backdrop for stocks, at least temporarily.
Shopping for any excuse to rally, stock traders found it in chain stores' sales, and those reports may provide a clue to the earnings season.
It remains unclear how the assets on European banks’ balance sheets will be marked down under various stresses. So, will there be a need for significant capital at European banks and if the stress tests are deemed worthy, will that allow those banks to raise the necessary capital?
Some traders were encouraged by Wall Street's gains but also cautious that the third up move in a 12-day stretch was the result of an oversold bounce that could quickly evaporate in the next volatile session