PARIS, Jan 28- European Union economics chief Pierre Moscovici said on Wednesday that EU officials were ready to open discussions with Greece over its debt problems and that he did not expect a confrontation with the country's new government. He also said that debt cancellation was not the solution for Greece and that debt commitments must be met.» Read More
I think it was James Carville ("It's the economy, stupid!") who said he wanted to come back as the bond market since he could then rule over everyone.
This is war! That was the message from Athens Wednesday as the Greek government tried to combat the debt threat that hangs over the country.
Stocks ended lower Wednesday as Washington ramped up reform in the health care and financial sectors and as the Fed's beige-book report showed the economy is improving but not at a fast enough pace to spur hiring.
To paraphrase Winston Churchill, the US is the worst place to put your money – except for all the others.
President Obama’s new health-care push would apply the 2.9 percent health-care payroll tax to investments. We’ve never done this before. If we do, with the Bush tax cuts set to expire, the tax rate on capital gains and dividends could jack up over 50 percent.
Stocks advanced Wednesday as reports on the services sector and jobs came in better than expected.
Stock market futures pointed to a slight rise at the start of trading Wednesday, but numbers on private employment and planned layoffs could alter the tone of trading.
Greece's mounting fiscal problems remain in focus, with investors today eyeing a possible bailout plan led by Germany and France. Closing Bell kicks shines the spotlight on the PIIGS (Portugal, Ireland, Italy, Greece & Spain) of Europe and discusses where the biggest risks are.
In talking with global investors and in my recent trip to Davos for the World Economic Forum, I found that people are hardly even talking about Russia anymore. They’ve dropped the ”R“ to the point where it’s become the BIC nations.
Positions were formed long ago and the talk-fest provided photo ops and little more. Observers took away what they wanted.
We have been talking about inventories forever and in the fourth quarter the rate of inventory destocking slowed enough that 3.9% of the 5.9% gain was from that slowdown.
Sentence/ParagraphRenewed concerns over Greece's budget situation dampening the mood on Wall Street today, but the Dow did manage to erase most of the losses in the final hour of trading. One of Wall Street's most respected minds, Larry Fink, Chairman & CEO of BlackRock joined Maria Bartiromo on Closing Bell after the market's close to share his thoughts on the economic environment.
If you remember the 1970's in New York City you wish you could go back to the '60's. The City was dirty, seemingly lawless with the "squeegee guys" attacking your car if you stopped at a light, and had a general feeling on being unsafe.
Greece is taking responsibility for its own financial problems and it will tackle its public deficit without a bailout, Norwegian Prime Minister Jens Stoltenberg told CNBC Monday.
European finance ministers are telling Greece to prepare for even tougher spending cuts and new taxes, including a tax on luxury goods and cars, to fix its debt crisis.
The European Commission said Monday that it wants Greece to explain how it used complex financial deals that allegedly made its debt limits look lower.
China and the Far East occupy a far different place in the business cycle compared to Europe and the United States. The nascent Chinese exit strategy will be a test case for other nations to follow when the cycle recovers.
Stocks rallied off a lower open Thursday as news of a Greek bailout and a sharp drop in jobless claims helped calm jittery investors — and put them in the mood to take some risks. Energy and industrials were the day's best performers; Financials were the worst.
Stocks opened lower Thursday as investors shrugged off an encouraging jobless report and news of a bailout for Greece. Financials took a hit, with JPMorgan leading the Dow's decline, as investors worry that debt problems in Europe could spread
Resolving the Greek debt mess is about more than the financial crisis and fiscal responsibility, say experts. It's also about keeping Europe together.