CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Paris market and Volkswagen.» Read More
While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.
With dramatic headlines of Greek troubles spreading and the euro hitting fresh lows against the dollar, the situation grows more critical each day. But today's news only highlights a part of the problem.
The market is highly skeptical about a rescue which was only emphasized by Standard and Poors downgrading the rating on Greece to "junk." Wow guys, way to be timely.
One of the key players in trying to work out a solution is Germany, and I spoke with Axel Weber, President of Germany’s central bank, the Deutsche Bundesbank.
A lack of competitiveness, not credit default swaps (CDS), brought Greece to the brink of financial catastrophe, former Greek Finance Minister Yannos Papantoniou told CNBC.com Wednesday.
The market reaction to the debt crisis in Greece and the euro zone has spooked investors across the world and led to heavy selling of stocks. But is the crisis actually impacting real businesses, given Greece makes up only two percent of euro zone gross domestic product?
Germany's reticence to come to the rescue of the Greek government has been widely criticised across the euro zone.
Whispers of contagion are sending a chill through bond markets, while the euro is likely to fall further and things don't look pretty for stocks. Smart money is likely to go into gold.
There are two known dates and one unknown date that will cause volatility and uncertainty surrounding the Euro. All three will likely occur in the next three weeks.
As Goldman Sachs faced investigation and Democrats and Republicans battle over financial regulation in the house it appears hedge funds are thriving despite the threat of more stringent rules.
The bailout of Greece has stirred ferocious debate and fallout in Germany, which has an election shortly.
Mohamed El-Erian, CEO and co-CIO of Pimco, the world’s largest bond investor, said some emerging market economies are doing better than those of developed countries because they had dealt with financial crises years earlier.
Plus, get calls on the banks, autos, retail and more.
The German language has been "enriched" by a new word that might well make it into international dictionaries: Sich durchmerkeln.
The Dow pulled off an eighth straight week of gains. It was a straight flush this week, with the Dow ending higher in five of five sessions this week, for a total gain of 1.7 percent.
Stocks erased their gains Friday as Microsoft, Travelers and Verizon weighed on the Dow after disappointing investors with their latest results.
U.S. stock index futures turned slightly lower before the open Friday as the Greek Prime Minister requested aid from the International Monetary Fund and European Union.
Portugal and Spain provide as good as an example as The Netherlands. In both countries, the drug is illegal, but you'd never know it based on some quirky technicalities. The general trend is about prevention, not punishment.
The sell-off in oil has intensified as much of Europe is still paralyzed by air travel disruptions caused the the volcanic ash cloud hovering above parts of the continent.
Distortions in the global economy that provided the backdrop to the financial crisis threaten to widen again and upset the world-wide recovery, the European Central Bank has warned.