The European Banking Authority, Europe's banking watchdog, said it had decided not to run an EU-wide stress test this year.» Read More
Jack Welch, former GE chairman & CEO, shares his thoughts on the continued financial crisis in Europe; and the outlook on the U.S. economic recovery.
With the presidential race largely focused on the economy and the budget, both candidates are at times stretching the truth, using statistics without context, exaggerating their own records and misrepresenting their opponent’s, the New York Times reports.
"More importantly, Europe and the emerging markets are worse," says Jack Welch, former GE chairman & CEO, sharing his thoughts on the state of the global economy, and the impact of regulations on economic recovery.
The number of Greeks filing and paying their taxes shot up sharply in the wake of Sunday’s contentious elections.
CNBC's Carolin Schober reports on all the market moving events from Europe, including a look at the choppy trading session, as investors await word from the Fed.
The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.
Greece might be in economic crisis mode and getting productivity levels up might take time, but there are signs of improvement according to one economist.
The positive sentiment from Greece's election lasted barely a few hours. The same problems for the euro zone that we’ve been tracking since January 2010 haven’t gone away, and are sending markets down the sell path again, says Moorad Choudhry
US lawmakers and regulators have attacked London as a source of financial crises and promised tougher crossborder rules in the wake of $2 billion of trading losses at the UK unit of JPMorgan Chase., the FT reports.
“Marry in haste; repent at leisure.” Full of impetuous ardor, Germany’s partners seduced – some might say blackmailed – the continent’s most powerful economy into sacrificing monetary independence two decades ago, the Financial Times reports.
Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
Leading hedge fund managers are betting on a significant sell-off in German government bonds in the coming months after a sharp fall in yields on the debt paper driven by a flight to safety in the eurozone, the Financial Times reports.
Donald Hanna, Managing Director, Fortress Investment Group says the sharing of costs within the euro zone has been the heart of the problem.
Dominic Rossi, Global Chief Investment Officer, Equities at Fidelity Worldwide Investment says that Germany is becoming increasingly isolated and that a banking union is unlikely anytime soon.
The market only needs a sign of growth out of Europe to push higher, he said.
Jim Awad, Managing Director, Zephyr Management says that anything more than an extension of Operation Twist by the U.S. Federal Reserve would spook markets, because it suggests the Fed views the U.S. economy worse than they do.
Mad Money host Jim Cramer says today's rally was a glimpse of what could happen if the European mess ever gets resolved.
Insight on what investors can expect from the Fed's meeting, with Tim Freeman, Elevation LLC; Nathan Bachrach, The Financial Network Group; and Anton Schutz, Mendon Capital Advisors.
Ruben Hinojosa, (D-TX), asks Jamie Dimon whether JPMorgan's compensation structure might have created incentives for excessive risk. "When anyone blankets over a whole industry, I think we're making a mistake," says Dimon. "There might be a problem with some people on Wall Street."
In Spain, misinformation and cover-ups have undermined Spaniards' trust in their government and its plan for economic recovery, with repercussions that could resonate all the way in Brussels. The Christian Science Monitor reports.
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Peter Redfern, CEO of Taylor Wimpey, says government actions around housing have been supportive and haven't fueled a bubble.
Stephen Waldis, CEO of Synchronoss, told CNBC at Mobile World Congress that there is huge growth opportunity in auto-connectivity.
Nissan's Europe Chairman, Paul Willcox, tells CNBC that Europe is still a very difficult market.