ROME— Italy has again pushed back its balanced-budget goal, now aiming for 2016..» Read More
As the world celebrates Earth Day in a bid to improve awareness for climate-change issues, CNBC asks market experts whether "green" stocks are attractive at the current stage of the economic cycle.
US financial stocks saw a stellar rally in recent weeks as the beleaguered sector bounced from an extreme slump. But investors baulked at more buying Monday in the wake of Bank of America’s quarterly earnings results.
Well-known economist Nouriel Roubini, one of the few experts to foresee the current global crisis, said Tuesday a recent "suckers rally" in stock markets would fade as the U.S. economy continues to wither and the financial system suffers unexpected shocks.
As investors look for signs of an economic turnaround in corporate earnings and stock market performance, concerns still remain over the state of consumers and their willingness to spend as the recession grinds on.
Citigroup posted a better-than-expected loss for the first quarter last week, joining the growing list of beleaguered Wall Street giants with tentative signs of recovery.
Wall Street’s banking giants JPMorgan Chase and Goldman Sachs turned in better-than-expected earnings for the first quarter, leading many investors to hope that the beleaguered sector is over the worst of its troubles.
The bubble in the Chicago Board Options Exchange Volatility Index (VIX) of implied S&P volatility could be set to deflate as wild fluctuations in stock prices ease, but it’s too early to call an end to the violent price swings, Kevin Gardiner, head of global equity strategy at HSBC Bank, said in a research note.
Hotel service in Monaco was limited and casino roulette wheels were expected to stop spinning Thursday as employees in the wealthy Mediterranean principality went on strike to protest job cuts, union leaders said.
Gold was on the rise Thursday as investors climb back into safe haven stocks amid the economic uncertainty. Experts tell CNBC the precious metal may retest $1,000.
While the technology sector struggled in global markets Thursday, experts tell CNBC there is big value there.
Global stocks declined Wednesday as grim data from China and the U.S. fueled concerns over the recovery of the global economy. Experts tell CNBC that although the economic slowdown is ongoing, the current rally still has some life in it.
Global stocks were down Wednesday, weighed down by grim economic data and tech results from Infosys and ASML. Experts tell CNBC they see long-term potential in commodities and agriculture stocks, but not much in airline stocks.
The Singaporean dollar gained against its American counterpart Tuesday after the country's central bank announced it was effectively devaluing its currency after posting its worst quarterly economic contraction ever. Experts tell CNBC the gain is unlikely to last.
Banks soared in global markets Tuesday after Goldman Sachs reported a strong first-quarter profit. But investors remained cautious on concerns over the fate of General Motors and the impact the economic slowdown has had on companies.
The credit crisis has had a near-catastrophic effect on many of the emerging economies in Eastern Europe. The International Monetary Fund shelled out tens of billions in emergency loans for the region, while governments have collapsed and angry protesters took to the streets in some countries.
The once-booming CEE is stealing the limelight again but this time for less palatable reasons. As one analyst put it, "Eastern Europe's problem is a greater weight on the Western European nations than the subprime is in the United States."
Global stocks rose Thursday, ahead of the long Easter weekend, as governments and central banks take concerted efforts to restore economic growth.
Global stocks were up Thursday, ahead of the long Easter weekend, with banks and commodities leading the gains. Experts tell CNBC that while caution should reign when investing in banking stocks, commodities have potential over the long term.
Quantitative easing measures and monetary policy in the United States will kill the dollar quickly unless there are balances to it as a global currency, Zhu Min, executive vice president of the Bank of China told CNBC Wednesday.
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