Stocks closed firmly in the red Friday amid fears that Greece may default on its debt and following news that ECB's Juergen Stark will resign.
The pros suggest pressing a short position in the euro. Trader Steve Cortes spotted a signal that convinces him the ECB will have to take back the rate hike.
A year after Congress passed the broadest financial overhaul since the Great Depression, the law has spawned a host of new businesses to help Wall Street comply — and capitalize — on the hundreds of new regulations, the New York Times reports.
Stocks climbed well off their worst levels Tuesday, but still lower for the third-straight day amid fears about the ongoing euro zone debt crisis and concerns over another recession.
Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
Talk about low expectations: S&P futures rose a bit on the ADP report, even though it was slightly below expectations. We are now back in the twilight zone game called Gaming the Fed: More weak data increases the chances of a third round of quantitative easing.
The SPDR Gold Trust, with over $60 billion in assets, is far and away the largest gold fund.
Barclays is comfortable with its exposure to Europe and now has more cash on its balance sheet than before the 2008 financial crisis, CEO Robert Diamond told CNBC Wednesday.
It is not wise to introduce a financial tax in Europe now, says Robert Diamond, Barclays PLC CEO. A look at Europe's debt struggle and it's impact on the financial industry.
Two big deals last week — Google’s takeover bid for Motorola Mobility and Hewlett-Packard’s purchase of Autonomy — underscored the growing influence of boutique investment banks. The New York Times reports.
I think there's a lot of misunderstanding in the markets about how Fed chairman Ben Bernanke views Fed strategy.
Stocks accelerated their selloff to finish near session lows in light, choppy trading Friday as investors were reluctant to remain in the market ahead of a weekend, amid worries over a global recession in addition to the ongoing euro zone jitters.
The week's top business news and investment advice, including how to trade Europe, US financials, HP's sharp drop and the run-up in gold.
Stocks closed off their worst levels Thursday, but were still down sharply, following a handful of disappointing economic news and over continuing worries over the stability of euro zone banks.
Futures extended their sharp losses Thursday after a gloomy forecast on global growth, continuing worries about the European debt crisis and following news that jobless claims rose more than expected last week.
Star commodity trader and gnarly surfer, Todd Edgar, is once again making waves in the financial world.
Europe is weak this morning, and U.S. S&P futures began dropping shortly after Germany's Q2 GDP came out — a gain of only 0.1 percent sequentially was a disappointment.
Most of the pundits had expected a relief rally in stocks following a resolution to the debt ceiling crisis. That did not happen. So what gives? Why is the market behaving so poorly despite the hard-fought compromise by lawmakers?
Stocks sold off sharply to end at session lows Tuesday with the Dow down for an eighth day amid economic worries and even after President Obama signed a bill to avoid a debt default.
Stocks declined Tuesday amid worries over economic growth and as a last-minute congressional deal to raise the U.S. debt ceiling failed to ease worries about a possible U.S. credit downgrade.