David Marsh, managing director at OMFIF, doesn't think that Greece will leave the euro zone soon, however there still could be a "messy outcome."» Read More
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.
Stock futures, already in positive territory on an apparent deal to rescue Greece, added to gains on good news from the labor market.
The European Union is wrestling with complex political considerations as much as economic ones that are likely to play a pivotal role in the timing and shape of any aid package to resolve the Greek debt crisis, experts say.
Much as I am sick of bailout nation, and bailout global nation, the European rescue of Greece was probably necessary to stop a total euro currency meltdown that might have triggered a worldwide debt deflation downward spiral.
There is little certainty in Brussels about what will be delivered to help Greece, or if a move would have any legal basis.
As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.
Plus, find out an even more powerful driver behind the markets these days.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.