Tom Enders, Airbus Group CEO, says it "would be nice if the ECB would help" lower the euro, and that the main focus for the group is to drive down its costs.» Read More
While the EU/IMF/ECB continuing to work towards an agreement on Greece, my thoughts turn to the voting that will occur next week in Germany.
Just how dumb can you be? The guys that took the other side of the Fabulous Fab-concocted CDO-Squared whatever it was weren't stupid because they bet wrong on the housing market.
While Portugal and Spain are the most recent targets of S&P downgrades, Italy or even Ireland could be next.
With dramatic headlines of Greek troubles spreading and the euro hitting fresh lows against the dollar, the situation grows more critical each day. But today's news only highlights a part of the problem.
Stocks ended higher after the Fed left interest rates unchanged and kept the "extended period" language in its statement. Financials were the day's best performers, with JPMorgan and Bank of America leading the Dow.
The market is highly skeptical about a rescue which was only emphasized by Standard and Poors downgrading the rating on Greece to "junk." Wow guys, way to be timely.
Stocks advanced Wednesday, with banks rebounding after a sharp selloff in the previous session after both Greece and Portugal had their debt ratings downgraded. Bank of America and JPMorgan were among the early leaders on the Dow. Dell skidded.
One of the key players in trying to work out a solution is Germany, and I spoke with Axel Weber, President of Germany’s central bank, the Deutsche Bundesbank.
U.S. stock index futures pointed to a lower open Wednesday in the wake of a sharp selloff in the previous session caused by another Greek debt downgrade, but comments from the Federal Reserve could change momentum later.
There are two known dates and one unknown date that will cause volatility and uncertainty surrounding the Euro. All three will likely occur in the next three weeks.
The bailout of Greece has stirred ferocious debate and fallout in Germany, which has an election shortly.
Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.
Distortions in the global economy that provided the backdrop to the financial crisis threaten to widen again and upset the world-wide recovery, the European Central Bank has warned.
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.