BELGRADE, Serbia— Despite pressure from the European Union, Serbia will not impose sanctions against Russia or curb its food exports to that country, Serbian Prime Minister Aleksandar Vucic said Friday.» Read More
Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.
Over the last decade, high-tech traders have become sort of a shadow Wall Street — from New Jersey to Kansas City, from Texas to Chicago. Depending on whose estimates you believe, high-frequency traders account for 40 to 70 percent of all trading on every stock market in the country. Some of the biggest players trade more than a billion shares a day.
The pain of the European debt crisis is spreading, with the plummeting euro making Chinese companies less competitive in Europe, their largest market, and complicating any move to break the Chinese currency’s peg to the dollar.
After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies, the New York Times reported.
The regulators are still trying to figure out just what set off the crazy trading a week ago Thursday, but some facts are obvious. If a stock goes from $40 to one cent to $40 within a few minutes, somebody messed up.
Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year.
Investigators seeking an explanation for the brief stock market panic last week said Sunday that they were focusing increasingly on how a controlled slowdown in trading on the New York Stock Exchange, meant to bring about stability, instead set off uncontrolled selling on electronic exchanges. The NYT explains.
Despite Thursday's unexplained surge in selling that drove the Dow down 900 points, the stock markets are being driven lower by fears over the global economy and the debt crisis spreading, economist Nouriel Roubini, of RGE Monitor, told CNBC Friday.
The suspected erroneous trades that exacerbated the Wall Street's fall on Thursday should be investigated and solutions must be found if the New York Stock exchange is to maintain its reputation, investor Jim Rogers told CNBC late Thursday.
From cutting-edge technology to ancient ingenuity, take our quiz to find out how much you know about alternative energy.
By now, most of you have read the comments by Chinese Premier Wen Jiabao at his annual press conference. However, there are some aspects worth expanding on for their importance.
With China’s exports soaring, evidence is mounting that Beijing is skillfully using inconsistencies in international trade rules to spur its own economy at the expense of others, the New York Times reports.
Stocks struggled Friday but managed to pull off a gain for the week, with the S&P holding a 17-month high at 1,150.
Stocks struggled Friday as investors digested mixed readings on the consumer: Retail sales rose unexpectedly last month, while consumer sentiment softened.
Stocks slipped into the red Friday after a report showed consumer sentiment softened in March.
U.S. stock index futures pointed to a slightly higher open for Wall Street Friday after Thursday's rally in the final hour of trading and with investors watching consumer data due later Friday.
Stocks rallied in the final hour of trading Thursday, pushing the S&P to a 17-month high above 1,150. Banks finished strong, with Citi up over 5 percent.
Stocks slipped at the open Thursday after the government said weekly jobless claims fell but not as much as analysts had anticipated.
Stock index futures were treading water Thursday after posting a slight a gain Wednesday on the back of gains in financial stocks.
Stocks ended higher Wednesday, led by financials as the sector got a shot of confidence from a well-known analyst -- and investors. Staples and telecoms were the biggest decliners.