Nick Hungerford, chief executive officer of Nutmeg, explains why a possible "Grexit" would have "far less effect than two or three years ago."» Read More
Stocks rallied in the final hour of trading Thursday, pushing the S&P to a 17-month high above 1,150. Banks finished strong, with Citi up over 5 percent.
Stocks slipped at the open Thursday after the government said weekly jobless claims fell but not as much as analysts had anticipated.
Stock index futures were treading water Thursday after posting a slight a gain Wednesday on the back of gains in financial stocks.
Europe is looking (maybe) to form a Eurozone Monetary Fund with powers similar to the International Monetary Fund.
Political leaders in Europe and, increasingly, the US are calling for more scrutiny of derivatives. The New York Times explains.
It never ceases to amaze how political leaders can shamelessly blame free markets and faceless speculators for the consequences of their lousy financial decisions.
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.
Stocks eked out a modest gain Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. Citigroup surged while Cisco slipped.
Stocks clawed higher after a lower open Tuesday as this one-year anniversary of the March 2009 lows brought a mix of profit-taking and optimism. Cisco sold off after the company announced its much-hyped high-speed router.
Greek Financial Minister George Papaconstantinou told CNBC Tuesday that there is "no question" the country's three-year deficit reduction plan will succeed, but he said its problems are also something that pertain to all of Europe.
Stocks tried to claw higher after a lower open Tuesday amid some profit taking on this one-year anniversary of the March 2009 lows.
The European Monetary Fund isn't even a formal proposal yet but it's already creating controvery among European Union leaders.
U.S. stock index futures pointed to a slightly lower open for Wall Street Monday, with investors expected to pause after last week's rally caused by better-than-expected nonfarm payrolls data.
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.
Stocks ended mixed Monday in tepid trading as investors took a breather after last week's rally. McDonald's and Research In Motion advanced.
Plans for the creation of a European Monetary Fund have been gaining momentum as the debt crisis in Europe continues. But how would a European IMF work?