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
It never ceases to amaze how political leaders can shamelessly blame free markets and faceless speculators for the consequences of their lousy financial decisions.
Markets generally remain way too optimistic over the economic recovery, but the UK has the potential for the biggest disappointment with the pound set to slide as low as $1.31 by year end, Hans Redeker, global head of foreign exchange at BNP Paribas, said Tuesday.
Greece is likely to formally ask the European Union for financial aid if the cost of borrowing does not fall in coming weeks and, if it doesn't get it, may go to the International Monetary Fund, Greek government officials told Dow Jones Newswires.
Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.
Greek leaders' overtures for far tougher curbs on credit default swaps fell largely on deaf ears in Washington, but they'll go back to Athens with some sage advice from local policy wonks: look in the mirror and don't blame market messengers for your debt woes.
The absence of credit default swaps could push a country's borrowing costs even higher.
Greek Prime Minister George Papandreou is due to meet President Barack Obama. Greece is briefing the Obama administration on reforms and discussing global financial regulation.
In this commentary I will explain why I’m cautious; how I could be wrong; what’s at stake for me and my clients; and how we’re invested.
Global markets have been held hostage in recent weeks over whether an EU bailout plan will materialize for Greece. We like to know what you think: Should the EU bail out Greece, or not?
Chart expert, Jordan Kotick, Global Head of Technical Analysis at Barclays Capital back from a trip in Europe.
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.