Eurogroup chief Jeroen Dijsselbloem has told Greece that euro zone finance ministers will meet on May 9 to discuss its bailout, an official said. » Read More
Markets are likely to be more volatile and US markets are likely to outperform emerging markets in 2010, Marc Faber, author of the Gloom, Doom and Boom Report, told CNBC Wednesday.
For the market to plunge 1000 or so points and then rebound a good bit of the way back is rattling.
Stock futures turned higher again after a government report Friday showed nonfarm payrolls jumped far more than expected in April, but trading remained volatile after a sharp market slide in the last session.
Despite Thursday's unexplained surge in selling that drove the Dow down 900 points, the stock markets are being driven lower by fears over the global economy and the debt crisis spreading, economist Nouriel Roubini, of RGE Monitor, told CNBC Friday.
The suspected erroneous trades that exacerbated the Wall Street's fall on Thursday should be investigated and solutions must be found if the New York Stock exchange is to maintain its reputation, investor Jim Rogers told CNBC late Thursday.
'Eurocrats' can't see the fanciful construction of the euro is going to collapse, just like the 1930s gold bloc, says this economist.
In the course of two weeks, stocks have gone from being "overbought" by some measures to being deep in correction mode.
Cramer interviews the CEO to find out what’s in store for the summer.
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
Panic has gripped stock markets worldwide over the Greek debt crisis and the threat of a debt-deflation contagion through banks in Europe (primarily) and the U.S. that own the bonds of Greece, Portugal, Spain, and so forth. If these bond asset prices collapse totally, lending facilities would be badly crimped for both the short and long term.
Investors need to be risk averse and say in cash, economist Nouriel Roubini told CNBC Thursday after riots broke out in Greece following the passage of an austerity program.
Faithful readers of my weekly market commentary know that I value the opinion of PIMCO bond manager Bill Gross. Gross has compiled a terrific record as a fixed-income manager, and he regularly proves to be ahead of the curve on issues affecting the global economy.
A mood of resignation pervaded the crowd outside the Greek parliament building on Thursday, after lawmakers passed far-reaching three-year budget cuts to deal with Greece’s teetering economy.
Problems with Greek debt are about to spread to other countries and could infect the US, Pimco's Mohamed El-Erian told CNBC.
Stocks declined for a third straight session Thursday as retail sales fell short of expectations and worries about the European debt crisis nagged at the market.
Lazard has been hired to assist Greece with its finances. The speculation is Lazard has been hired to assist Greece with a restructuring of its debt. That, of course, has been denied. These guys always deny, deny, deny until it's done.
Once passed, the bill will be signed into law and then presented to the Euro Zone meeting on Friday night. There is likely to be a constitutional challenge to the agreement, but this will not impede the flow of money to Greece.
The US stock market could be in for another rough day as investors grew nervous over uncertainty in the European debt crisis.
The European Union and the I.M.F. have yet to show the flexibility, political courage and teamwork needed to solve its debt crisis, the New York Times reports.
U.S. markets will more likely heed the words of European Central Bank President Jean-Claude Trichet than Fed head Ben Bernanke Thursday.