*Actavis launches $21 billion bond deal. *Exxon Mobil to sell $7 billion in debt. Pharmaceutical company Actavis Plc launched a $21 billion corporate bond deal, the second-largest on record, according to Thomson Reuters unit IFR.» Read More
Those looking for a clear and unambiguous green light for QE3 from Fed Chairman Ben Bernake’s much anticipated speech in Jackson Hole on Friday could be disappointed.
On July 21, EU leaders agreed to a second bailout for Greece, one that was supposed to draw a line under the euro zone debt crisis and give the new government in Athens a chance come to grips with the huge debts it inherited when it was elected. One month later, and the situation appears to be getting worse rather than better, according to Simon Derrick, the head of currency research at Bank of New York Mellon.
The fact that Deven Shama, the president of Standard & Poor’s, has stood down from his job just a couple of days after the agency downgraded the United States' credit rating has raised questions over whether he is being made into a scapegoat to deflect political pressure on the credit ratings agency.
Markets are caught up in the push pull of worry about Europe's debt crisis and sluggish U.S. growth.
A look at some of the drivers in today's markets, with Chris Ahrens, UBS, and CNBC's Seema Mody & Mary Thompson.
I think there's a lot of misunderstanding in the markets about how Fed chairman Ben Bernanke views Fed strategy.
Stocks have fallen four weeks in a row. Some on Wall Street worry that the resulting blow to confidence, not to mention 401(k) statements, has set off a spiral of fear that could push prices even lower, cause people and businesses to pull back and tip the economy into a new recession.
Investors will be watching the Fed as it meets at its annual Jackson Hole gathering this week for signs of new stimulus plans as the economic outlook gets worse.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
Discussing whether there will be more downside for the markets and how investors should position their portfolios, with Rebecca Patterson, J.P.Morgan Asset Management chief market strategist.
"Unless the government starts to get its fiscal house in order, does mandatory budget reform in the Congress with this [Super] Committee, I fear things will get considerably worse," said Robert Rodriguez.
Investors flood Treasury markets looking for safety from riskier plays, with Jeff Kilburg, Treasury Curve.
The bull market in bullion, which began in late 2008, turned 1,008 days old on Thursday, making it the fourth longest rally for gold since 1975, according to Bespoke Investment Group.
Peter Boockvar, Miller Tabak provides insight on Treasuries & Fed policy, and the Fast Money traders with a play on gold.
Weekly jobless claims and consumer inflation data will catch the attention of markets Thursday, as investors continue to assess the damage done in last week's market storm.
Discussing China's stake in U.S Treasurys and what worries Beijing most about the global economy, with Steve Orlins, National Committee on U.S.-China Relations, and Byron Wien, Blackstone Advisory Partners vice chairman.
'Dim Sum' bonds – yuan-denominated instruments issued through Hong Kong – are set to become a major market as investors look for alternatives to Western issuance and exposure to China, according to one investment manager.
Now that Europe's one-day summit is out of the way, the market focus may shift back to the U.S. economy and what is bothering stocks.
There's some buzz around about the "death cross" and whether it's appearance signals a bear market, but Cantor Fitzgerald technical analyst Marc Pado says pay it no mind.
The latest proposed fixes for the euro crisis disappointed markets and sent bank stocks tumbling. They "plan to support the banking system but they are going to charge them for it," a trader said.