ECB president Mario Draghi said that Europe is rooting for Greece, but the country is the only party that can save itself.» Read More
A recent spike in the rate banks charge each other for short-term borrowing is reviving investor fears that the market is returning to the abyss of the credit crisis.
Treasury Secretary Tim Geithner is urging Europeans to conduct some form of a banking stress test, a senior Administration official told CNBC Tuesday.
The Euro is in big danger. German patience, if it can be called that, will reach the limit. The US voter should realize we are bailing out the euro zone, and who signed up for that?
The theme of risk aversion continues to build back up after Friday’s temporary respite. The latest trend reinforcing bad news is the South Korea-North Korea conflict; the European bank contagion with Spanish banks in the spotlight, and US growth slowing.
The EU faces some of the same structural and debt problems then faced by the United States — a North-South (or North-Periphery) divide; and state fiscal budgets run amok.
Cramer doubts it will happen, but here's how you survive in the meantime.
Merkel is showing the rest of Europe that they are serious about their own deficits and are serious about the rest of Europe following their lead.
For a few happy years, European Central Bank head Jean-Claude Trichet looked down from Mt. Olympus—which is really his 35th floor office—and saw that all was good.
Spain’s central bank stepped into save regional savings bank CajaSur Saturday with a €500 million euro ($621.75 million) cash injection to keep it solvent.
This is what the US, Europe and China need to do to keep Friday’s rally going.
Dread of potential new financial regulations and late-week risk-trimming raised the anxiety among U.S. traders on Friday, said Wall Street traders and analysts.
Investors can realize strong returns on municipal bonds and federally-instituted Build America Bonds (BABS), Pimco founder and co-CIO Bill Gross told CNBC Friday.
The calamitous actions and inactions by European officials continue to drive uncertainty throughout the financial markets.
As far as we’ve fallen, Cramer says, we haven’t dropped enough. He explains what it will take for him to get bullish.
I have been thinking that we needed a 10% correction for some time (I use the S&P 500 average.) There are few rebounds off a major bottom that don't correct by at least 10% within 14 months of the bottom. I believe we are in that correction now.
Amidst all of the fear, panic, and growing stock market doom and gloom, I’d like to offer an important silver lining.
Having lost a regional vote in Westphalia, the politic overcame all and she scrambled to pander to the electorate who are good and mad that she is involving Germany in the European bailout.
The man at the eye of the financial storm that has engulfed the euro has learnt to be patient after 20 years confined to a wheelchair. But Wolfgang Schaeuble, Germany’s finance minister, is also a man in a hurry, the Financial Times reported.
Speculators are not responsible for the current pressure on the euro, the currency is struggling because of political failures and diminished enthusiasm for the monetary union in Germany, Hans Redeker, global head of foreign exchange strategy, told CNBC Thursday.
By and large, big blue-chip companies are executing well and have very strong balance sheets. In fact, the debt of several large-cap US multi-nationals is yielding less than like-duration US Treasury bonds. This is the first time in history this has happened.