Patrick Chovanec, chief strategist of Silvercrest Asset Management, says markets should be worried about how the Eurogroup will respond, as well as what lessons Spain and Portugal will take away from this Greek drama.» Read More
July 1- Moody's cut its rating on Greece to' Caa3' from' Caa2' as the country became the first developed economy to default on a loan with the International Monetary Fund. Moody's said the likelihood of Greece obtaining support from its creditors had fallen since the ratings agency's prior review of the country in April. Greece, which defaulted on a 1.6 billion euro...
July 1- Moody's cut its rating on Greece to' Caa3' from' Caa2' as the country became the first developed economy to default on a loan with the International Monetary Fund.
Gold fell on Wednesday, as the dollar strengthened and hopes for progress in the Greek crisis were revived.
*Euro zone finance ministers put off Greece talks. *Chubb jumps after ACE's buyout offer. On Tuesday, Greece became the first advanced nation to default on an International Monetary Fund loan repayment.
The Greek government indicated it is willing to concede ground to creditors, but Athens insisted Sunday's referendum will go on.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss Greek Prime Minister Alexis Tsipras' failed attempt to reach a debt agreement with the IMF and weigh in on what investors should be watching ahead of the July 4th weekend.
Reuters spoke to large U.S. money managers across several asset classes, and 15 of 21 said they expected Greek voters to answer yes to a question whether Athens should accept the proposal submitted by the European Commission, the European Central Bank and the International Monetary Fund on June 25. "Things will get increasingly dire in Greece as the week goes on...
Jim Bianco, Bianco Research president, joins CNBC's Rick Santelli to discuss the latest market action and Greece.
*Schaeuble says situation in Greece much worse since Tsipras. A day after Greece became the first advanced country to default to the International Monetary Fund, frustration in Berlin bubbled over, with politicians openly questioning whether they could negotiate in good faith with Tsipras if he survives a Greek referendum he has called for Sunday.
Daniel Speckhard, Fmr. U.S. Ambassador to Greece & Lutheran World Relief CEO, discusses the latest developments happening in Greece.
Today Greece says it will open 1,000 bank branches Wednesday to pay pensioners. The big question is how they open just for select people? What happens if/when people get turned away? CNBC's Michelle Caruso-Cabrera reports the latest.
*EU finance ministers to meet at 11:30 ET to discuss Greece. Greece on Tuesday on a 1.6 billion euro repayment to the International Monetary Fund. "Investors are taking a collective sigh of relief that an armageddon type of scenario did not occur with respect to Greece," said Adam Sarhan, chief executive of Sarhan Capital in New York.
CNBC's Michelle Caruso-Cabrera reports on the latest developments in Greece ahead of Sunday's referendum vote.
The S&P 500 is due for a dip because the forces that drive profit are weak despite economic improvement elsewhere, David Bianco tells CNBC.
*Greece on Tuesday defaulted on a 1.6 billion euro repayment to the International Monetary Fund. *Euro zone finance ministers will hold a conference call at 11:30 a.m. ET on Wednesday to discuss Greece. *The Institute for Supply Management will release its June manufacturing data at 10:00 a.m. ET.
*OPEC, U.S. output rises to multi-year highs. LONDON, July 1- Oil fell below $63 a barrel on Wednesday after Greece defaulted on its debt to the International Monetary Fund while U.S. and OPEC production hit new highs, prompting concern about risks to the economic outlook and ample supply. "The oil market is being literally flooded with OPEC crude oil at present," said...
CNBC's Michelle Caruso-Cabrera has the latest details on Germany's response to reported concessions by Greece's Tsipras and provides a look at the economic hardships facing the Greek people.
LONDON, July 1- The euro dipped on Wednesday, buffetted by a flurry of reports on new concessions made by Greece to its European creditors and the chances those might lead to a deal that prevents it becoming the first country to crash out of the single currency. Greece's default overnight on its International Monetary Fund loans had weakened the single currency...
CNBC's Michelle Caruso-Cabrera, and Anastasios Economou, iGroup founder & YPO member, discuss whether Greece can be saved and the outlook on its economy.
July 1- Asia's largest economies showed hints of healing last month but euro zone factory growth remained tepid as Greek debt talks, and the country's possible departure from the bloc, dominated debate in Europe. Speculation Athens would fail to make June 30' s 1.6 billion euro repayment to the International Monetary Fund, heightening expectations Greece...