After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.» Read More
The Bank of England has made nearly $15 billion in paper profits by buying UK government bonds as part of emergency efforts to pump money into the British economy, the FT reports.
Here's something that the struggling hotel sector prefers not to spotlight: it is a favorite target of hackers. The NYT reports.
Investors are worried that the risk of default for US local governments is growing, amid signs that some regions are facing the same type of difficulty in curbing pension and budget deficits as some eurozone countries. The FT reports.
The Securities and Exchange Commission has introduced new rules to help investors figure out how target-date funds in their 401(k) and other retirement accounts are supposed to hit their target.
Europe faces the quandary of being unable to afford to bail out banks that are still considered too big to fail, while the global economy is heading for a slowdown economist Nouriel Roubini told CNBC.
As Silvio Berlusconi’s government calls for a vote of confidence over his unpopular €25 billion ($31.45 billion) austerity package, Roger Bootle and his team over at Capital Economics are questioning whether the country holds great danger for the euro zone.
Friday's disappointing June jobs number was the latest in a series of downbeat economic reports that have some economists looking to downgrade their growth forecasts to even more sluggish levels.
As the cash-poor states across the US struggle to pay their bills, two cities within especially distressed states—California and Pennsylvania—are emblematic of just how tough closing budget gaps can be. Vallejo, Calif. is in bankruptcy and, across the country, Harrisburg, Pa., the state capital, is insolvent.
If the European banks get credible stress tests and people believe in them, there will be "earning power," H. Rodgin Cohen said, adding, "once there is credibility, you can raise capital."
For the first time in months, Wall Street trading desks are turning more bullish on the Euro and not betting against the currency, according to people familiar with the matter.
The flattening of the yield curve has been the worst kind, because it has been a “bull flattening,” which is a flattening that occurs amid a decline in market interest rates on both ends of the yield curve. In contrast, a “bear flattening” occurs amid an increase in market interest rates.
The June jobs report Friday could provide more fuel for bears, even as economists hold onto the view that the economy is not double-dipping.
Don’t you just love political cross dressing? Last night on CNBC my old boss David Stockman was totally root-canalled as he called for higher taxes and lower spending. Right on spending, but wrong on taxes.
Moody’s Investors Service may cut Spain’s credit rating as much as two levels. The rating agency is currently reviewing Spain’s AAA foreign and local currency sovereign bond ratings. Spain continues to face fiscal challenges and falling growth expectations.
A housing sector without Fannie Mae spacer and Freddie Mac is a possibility, Edward J. DeMarco, director of Federal Housing Finance Agency (FHFA), told CNBC Thursday.
At least I'm hoping there is no double dip. Data on capital investment and personal income has been encouraging but I think we are in a bearish frame of mind so that gets somewhat ignored. The negative gets emphasized when your mind set is that way.
The U.S. economy has had two crises that were followed by long periods of depressed economic activity, high unemployment, and instability lasting more than a decade...Conditions are emerging that could cause that to happen again, and without a radical change in policy, the nation is at risk of a terrible calamity.
As investors and businesses attempt to work their way through the economic, financial and regulatory minefields facing them, a debate is raging that strikes at the heart of the capitalist system.
Markets are looking ahead to Friday's June employment report, and there is little optimism the number will show anything more than a slight gain.
Once dominant, and then dormant, commercial real estate loans are beginning to show signs of life on the trading floor after a two-year slump. The NYT reports.