Fed Chair Janet Yellen addressed current economic and labor conditions at the Economic Club of New York on Wednesday. Andrew Slimmon, Morgan Stanley Wealth Management, and Mike Holland, Holland & Company Chairman, provide perspective.» Read More
The euro is surprisingly resilient in the face of summit uncertainty and member-country troubles, but traders are getting tired of the Swiss franc — it's time for your FX Fix.
CNBC's Guy Johnson has the detail on Portugal likely to hold off on a bailout request until June.
As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.
European stocks are called to follow Asia and open higher on Friday, despite another ratings downgrade for Portugal, this time from Standard & Poor's.
Reserves injected by the Bank of Japan and the European Central Bank are going to gold and equities, rather than being used for timber, steel and copper down the road. Dennis Gartman, The Gartman Letter, explains why it's happening.
Attempts by Germany to renegotiate the structure of the European Stability Mechanism (ESM) just as markets believed things had been settled at the meeting of euro zone leaders last week are an "ominous sign," Simon Derrick, the head of research at Bank of New York Mellon, wrote in a market note.
Troubles in Portugal and Spain aren't keeping the euro down, but anemic retail sales are doing a number on the British pound — it's time for your FX Fix.
"Crito, we owe a rooster to Asclepius. Please, don't forget to pay the debt." According to Plato, these were the last words of the Greek philosopher Socrates, following his decision to drink poison rather than try and pay off the guards and escape from prison.
This was pegged as the summit to end all summits; the end of the euro-zone debt crisis; a clear road map for the future.
European stocks look set to open slightly higher on Thursday despite the resignation of Portugal's prime minister.
The day's top business stories, including the resignation of Portuguese Prime Minister Socrates, a drop in the Euro, gold hits a new record and silver hits a 31-year high. Commodity stocks lead the market comeback and Bank of America is denied a request to pay a dividend again, with CNBC's Melissa Lee and the Fast Money traders.
The bulls are set to stampede down Wall Street, according to Bill Miller, chairman, chief investment officer & portfolio manager, Legg Mason Capital Management.
The events in Europe are finally coming to a head, David Albrycht, executive managing director and portfolio manager of Virtus Investment Partners, told CNBC on Wednesday.
Insight on the Fed's efforts to respond to community banks and a look at Portugal's debt crisis, with David Albrycht, Virtus Investment Partners.
There is no shortage of challenges facing the world today and many investors are frozen waiting for clarity in these times of uncertainty. The problem is, in all likelihood, the world will not settle down any time soon and we will surely continue to see geopolitical shifts and unrest plaguing the investment world. So what are investors to do?
The was weaker Wednesday morning on a trifecta of concerns. First, the expectation that Portugal's government will crumble after its parliament rejects an austerity budget raises the prospect the country will become the third in the euro zone to need a bailout.
The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.
Greece will have to restructure its debt, but Spain is out of the woods, according to former European Central Bank Board Member Otmar Issing.
European stocks are set to open slightly lower on Wednesday ahead of a range of events taking place in the region, the largest of them being the UK Budget and the Portuguese parliament's vote on the government's latest austerity measures.
The German public opinion is increasingly against the idea of paying to save the weaker euro zone periphery member countries, Erik Nielsen, chief European economist at Goldman Sachs, told CNBC.