Despite predicting strong growth and employment, the central banker said the Fed would not hit its inflation target until 2016.» Read More
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.
Big brother and big sister came to the rescue—sort of—and said they would throw in 60 billion of Euros—maybe—if Greece needed it. If they need it?
Over the weekend, the EU and IMF announced a support package for Greece that appeared initially to mollify German constitutional concerns.
Before we blame Greenspan for the past bubble and bust, it is worth reiterating that of course there was a lot of blame to go around in this area.
In an exclusive to CNBC.com, Fast Money Trader Brian Kelly says "China's lending practices have been compared to the US during the 2000's and without the automatic stabilizers of the free market it is likely that tremendous imbalances exist. In the word's of Warren Buffet...when the tide goes out we see who has been swimming naked."
Stocks snapped a two-day losing streak Thursday after retailers delivered their best sales numbers in a decade, reinvigorating confidence in the recovery. Banks and retailers advanced. Chips were weak.
Stocks rose to session highs Thursday afternoon after the 30-year Treasury auction was met with satisfactory demand and banks gained.
Stocks extended their losing streak for a third day Thursday after an unexpected jump in jobless claims rattled an already skittish market.
U.S. stock index futures pointed to a lower open Thursday after an unexpected jump in jobless claims last week.
I laughed out loud this morning when I read that Greece is going to market itself as an "emerging market" when it tries to sell a multi-billion dollar bond in the U.S. because Europeans won't buy up any more of their desperation.
The Greek 'bailout' is flawed. Beyond the typical political hostility, the structure of the plan has three weak links.
Today, the Euro came under pressure with after a series of stories have emerged over the last 24 hours on the details for a Greek bailout.
European Central Bank Governing Council member Axel Weber said current interest rate levels are appropriate, signaling that the central bank will stick to low rates for some time, the Nikkei newspaper reported on Sunday.
Greece's debt deal could help the struggling euro zone country avoid a "refinancing crisis," but Greece still needs to cut its budget deficit to resolve its long-term problems, economist Nouriel Roubini told CNBC Friday.
Opinion polls suggest Angel Merkel’s coalition will lose control of the German Senate in regional elections on May 9. No wonder she wants to fire a populist shot at voters. But in refusing to underwrite a few billion euros of Greek debt the Chancellor is playing with fire.
After weeks of backing a European rescue for the financially troubled Greece, Germany shifted course on Thursday, signaling that help should come from the International Monetary Fund rather than Greece’s neighbors, the New York Times reported.
The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.
Europe is looking (maybe) to form a Eurozone Monetary Fund with powers similar to the International Monetary Fund.
It never ceases to amaze how political leaders can shamelessly blame free markets and faceless speculators for the consequences of their lousy financial decisions.
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.