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
Cramer doubts it will happen, but here's how you survive in the meantime.
With one major banking crisis behind us, Monument Securities Chief Economist Stephen Lewis said investors only need to go back to 2007, rather than the Great Depression, for clues on how the current problems may play out.
Spain’s central bank stepped into save regional savings bank CajaSur Saturday with a €500 million euro ($621.75 million) cash injection to keep it solvent.
"I think it's going to be more stable this week, but relative to most weeks this year, it will be a volatile week, and we'll probably get a move in both directions," said BlackRock Vice Chairman Bob Doll.
This is what the US, Europe and China need to do to keep Friday’s rally going.
With gold settling below $1200 an ounce on the Comex late this week, investors are starting to take a hard look at this so-called “safe haven” asset.
The European debt crisis will deliver a "meaningful hit" to global growth and the recent selloff in stocks indicates the global economy has major structural issues, Mohamed El-Erian, CEO and co-Chief Investment Officer of Pimco, told CNBC Friday.
Stocks are likely to continue their aggressive decline and shed another 20 percent as the world economy weakens, economist Nouriel Roubini told CNBC.
Cramer explains why the shorts might want to cover sooner rather than later. Plus, his preferred play on this volatile market.
I have been thinking that we needed a 10% correction for some time (I use the S&P 500 average.) There are few rebounds off a major bottom that don't correct by at least 10% within 14 months of the bottom. I believe we are in that correction now.
Amidst all of the fear, panic, and growing stock market doom and gloom, I’d like to offer an important silver lining.
Having lost a regional vote in Westphalia, the politic overcame all and she scrambled to pander to the electorate who are good and mad that she is involving Germany in the European bailout.
The man at the eye of the financial storm that has engulfed the euro has learnt to be patient after 20 years confined to a wheelchair. But Wolfgang Schaeuble, Germany’s finance minister, is also a man in a hurry, the Financial Times reported.
Speculators are not responsible for the current pressure on the euro, the currency is struggling because of political failures and diminished enthusiasm for the monetary union in Germany, Hans Redeker, global head of foreign exchange strategy, told CNBC Thursday.
Plus, get the Mad Money host’s latest take on the financial-regulation debate.
As isolated events, the turbulence in the world markets probably wouldn't add up to much. But put everything together and you get a recipe for investor nausea.
With the global markets in turmoil, Glenn Dubin, founder of Highbridge Capital Management, told CNBC his hedge fund is acting defensively by dramatically cutting risk, reducing its balance sheet and crossing strategies in different regions of the world.
With the Euro Zone crumbling under pressure of a debt crisis, Michael Novogratz, president of Fortress Investment Group, told CNBC his hedge fund is de-risking its position and moving toward the US to play the anti-growth trade.
Corporate earnings in the U.S. have largely been overshadowed by ongoing concerns over public debt in the European continent. But if one takes the time to look past events overseas and focus on earnings numbers from U.S. firms, most have surprised on the upside.
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini said Tuesday.