CNBC's Simon Hobbs reports European equity markets have rallied on the U.S. jobs data report. Also a London flood has caused the evacuation of thousands of people from the Southeast coast.» Read More
Wall Street may finally shift its focus back to the U.S. economy, after weeks of zeroing in on problems in the euro zone. The big report of the week? Friday's May employment number, which could be a game-changer.
Are we to believe that Obama will rescind the excess appropriations? Hardly. And since pay-go is dead, most of this new spending will not be offset. It will add to deficits and debt. It’s the Greek disease. The welfare state run amok. Right here at home.
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Recent stress tests have shown that Portuguese banks are more resilient and well-capitalized than their counterparts in Spain, which were more severely affected by the housing bubble, Portuguese Finance Minister Fernando Teixeira Dos Santos told CNBC Wednesday.
Nobody knows the trouble I have seen.... With almost 40 years of experience you think I would be calmer when market turmoil hits. But I guess it's part of the human condition to forget the pain and remember the good times.
Without the support of the UK or many euro-zone members, the EU looks split on key issues at a time when the Treasury Secretary thinks they should be standing united.
Cramer goes “Off the Charts” to find out.
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A recent spike in the rate banks charge each other for short-term borrowing is reviving investor fears that the market is returning to the abyss of the credit crisis.
Treasury Secretary Tim Geithner is urging Europeans to conduct some form of a banking stress test, a senior Administration official told CNBC Tuesday.
European Union countries will be required to impose an upfront levy on banks, with the proceeds to be paid into national funds to insure against future financial failures, under proposals to be unveiled on Wednesday, the Financial Times reports.
The Times newspaper in London reports that Members of the European Parliament from across the continent find their brand new Hewlett-Packard laptops -- recently bought at vast expense to European taxpayers -- cumbersome.
The debt crisis is a game changer for the market and Europe is now at risk of heading into a double-dip recession, Arnab Das, managing director of market research and strategy at Roubini Global Economics told CNBC Monday.
Cramer doubts it will happen, but here's how you survive in the meantime.
With one major banking crisis behind us, Monument Securities Chief Economist Stephen Lewis said investors only need to go back to 2007, rather than the Great Depression, for clues on how the current problems may play out.
Spain’s central bank stepped into save regional savings bank CajaSur Saturday with a €500 million euro ($621.75 million) cash injection to keep it solvent.
"I think it's going to be more stable this week, but relative to most weeks this year, it will be a volatile week, and we'll probably get a move in both directions," said BlackRock Vice Chairman Bob Doll.
This is what the US, Europe and China need to do to keep Friday’s rally going.