*Germany opposes use of bailout fund to back-up bad banks. BRUSSELS, Dec 10- European Union countries edged slowly towards agreeing a scheme to shut failing banks on Tuesday, although a final deal on wider reform to prevent a repeat financial crisis may not be reached until next week.» Read More
Cramer explains why the shorts might want to cover sooner rather than later. Plus, his preferred play on this volatile market.
I have been thinking that we needed a 10% correction for some time (I use the S&P 500 average.) There are few rebounds off a major bottom that don't correct by at least 10% within 14 months of the bottom. I believe we are in that correction now.
Amidst all of the fear, panic, and growing stock market doom and gloom, I’d like to offer an important silver lining.
Having lost a regional vote in Westphalia, the politic overcame all and she scrambled to pander to the electorate who are good and mad that she is involving Germany in the European bailout.
The man at the eye of the financial storm that has engulfed the euro has learnt to be patient after 20 years confined to a wheelchair. But Wolfgang Schaeuble, Germany’s finance minister, is also a man in a hurry, the Financial Times reported.
Speculators are not responsible for the current pressure on the euro, the currency is struggling because of political failures and diminished enthusiasm for the monetary union in Germany, Hans Redeker, global head of foreign exchange strategy, told CNBC Thursday.
Plus, get the Mad Money host’s latest take on the financial-regulation debate.
As isolated events, the turbulence in the world markets probably wouldn't add up to much. But put everything together and you get a recipe for investor nausea.
With the global markets in turmoil, Glenn Dubin, founder of Highbridge Capital Management, told CNBC his hedge fund is acting defensively by dramatically cutting risk, reducing its balance sheet and crossing strategies in different regions of the world.
With the Euro Zone crumbling under pressure of a debt crisis, Michael Novogratz, president of Fortress Investment Group, told CNBC his hedge fund is de-risking its position and moving toward the US to play the anti-growth trade.
Corporate earnings in the U.S. have largely been overshadowed by ongoing concerns over public debt in the European continent. But if one takes the time to look past events overseas and focus on earnings numbers from U.S. firms, most have surprised on the upside.
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini said Tuesday.
As the Flash Crash in U.S. equity markets May 6 illustrated, problems in Greece can have grave consequences for not merely other Mediterranean economies and Europe, but U.S. and the broader global economy.
Europe could be headed for a period of stagflation as governments struggle to reform their fiscal policies and growth weakens, investor Wilbur Ross told CNBC.
As Greece gets its first instalment of aid from the European Union Tuesday, investors and traders are concerned about the fiscal strength of the other PIIGS: Portugal, Italy, Ireland and Spain.
The stock markets' March 2009 lows could be tested and even broken as sovereign debt continues to grow in Europe and stimulus measures wane, Philippe Gijsels, head of research at BNP Paribas Fortis global markets, told CNBC.com Tuesday.
Nine memory chip makers, including Samsung Electronics, Infineon and Hynix Semiconductor, are set to be fined by EU regulators this week on charges of illegally fixing prices.
Here is part one of Cramer’s weeklong stock-market survival school.
Using those rates and the latest euro close of $1.236 on May 14, we can see how those currencies would trade against the greenback.
Mention Colombia to the average American and negative references come forth—drug trade, instability and guerrilla warfare. But Colombia, like some other emerging-market countries, has sidestepped the current economic downturn that has plagued developed nations, and is moving up.