Kerry Craig, market strategist at JP Morgan Asset Management, says that for the Eurogroup, it's all about Greece coming up with a "credible" reform plan.» Read More
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Stocks erased their gains Friday as Microsoft, Travelers and Verizon weighed on the Dow after disappointing investors with their latest results.
The Greek debt bailout is similar to the subprime crisis in the US and likely will send global investors looking for safety, Pimco's Mohamed El-Erian told CNBC.
Greece gave in to market pressure and officially requested financial aid from the European Union and the International Monetary Fund Friday, but analysts and traders say the rollercoaster ride for investors is not over.
U.S. stock index futures turned slightly lower before the open Friday as the Greek Prime Minister requested aid from the International Monetary Fund and European Union.
Allowing Greece to go bankrupt may cause a lot of pain but it will be better for the single currency in the long run, investor Jim Rogers said in an interview with CNBC on Friday.
Twin disappointments from Amazon.com and Microsoft could put a dent in tech Friday. Markets will monitor Greece, which continues to deteriorate.
With Greek debt continuing to soar at record levels, there is growing concern in some European markets that they too will soon face the same problems.
I feel for the fabulous Fabrice Tourre. A rising star at the most prestigious Wall Street firm, with a multi-million dollar bonus before he was 30, is being readied for a trip under the bus. He has been placed on leave, and you need a fall guy. He may not be enough to satisfy the hungry wolves circling Goldman, but he will be the start.
The world economy is clearly in a V-shaped recovery and those talking up a double dip recession are way off the mark, Jim O'Neill, the head of global economic research at Goldman Sachs, told CNBC.com.
Traders note it's another Macro vs. Micro day ... the juggernaut of strong earnings, especially Apple and the banks versus Greece. As the EU/IMF start negotiations with Greece, the 10 year Greek bond yields are at 8.3 percent, blowing out another roughly 40 basis points.
The sovereign debt crisis facing Europe, which started in Greece, is spreading to many other large economies in the Organization for Economic Cooperation and Development (OECD), according to New York University professor of economics Nouriel Roubini.
Poor Vikram Pandit. The guy can't catch a break. Citi finally puts up a good number and the market has to concern itself with Goldman fallout, Icelandic volcanic fallout and Grecian fallout.
The billionaire investor said he believes that Germany’s insistence on an interest rate of 5 percent for the aid package has compromised the rescue because it would water down its impact.
Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.
Kerry Killinger, former head of the failed Washington Mutual, appeared before Congress the other day and "accept(ed) responsibility for our performance and (was) deeply saddened by what happened." And then blamed everyone and everything under the sun for the largest bank failure ever.
If the euro can't go ahead, it will go backwards, the famous financier said. "It's important to understand that if you don't make the next steps forward for the euro, the euro will go to pieces and the European Union too," Soros added.
Greece easily sold a bunch of short term bills Tuesday morning with demand far exceeding the supply. An originally planned sale of 1.2 billion Euros in 6 and 12 month bills was expanded to 1.56 billion Euros. The yields were so high, however, as to be painful.
The legendary investor who forced the pound out of the Exchange Rate Mechanism in 1992 believes that the rescue package is only "a little step" that may not stop Athens falling into a "debt spiral".
The Dow finished above 11,000 for a second straight day Tuesday but it was a rocky session as Alcoa's revenue miss and a regional-bank downgrade rattled the market. 1,200 remained out of reach for the S&P 500.