A new law is Spain's latest effort to make the country more attractive to people outside the EU who want to start a businesses, invest or work there. The NYT reports.» Read More
European shares extend losses on cautious comments by Merkel regarding Greece. Banking stocks are among the day's top losers. Yields fall sharply at Italy's auction of 6-month bills. The German Parliament votes to approve of the Greek bailout package. Treasury Secretary Geithner says Europe has lowered the risk of catastrophe. And the ECB buys no government bonds for second straight week. With Joe LaVorgna, Deutsche Bank.
The Squawk on the Street news team breaks down today's market moving headlines, including Warren Buffett's plans for a successor, housing, and where he sees value in Europe.
US stock index futures pointed to a lower open for Wall Street on Monday on concerns that rising oil prices are threatening the fragile global economic recovery. European shares fell on concerns about high oil prices affecting company earnings and global growth, and as the Group of 20 countries said Europe must commit more money to fight the debt crisis before seeking their help.
US futures point to Wall Street opening down. European shares extended losses on Monday, with autos sharply lower on worries that higher oil prices would push up costs for industrial companies, and curb global economic growth prospects. Asian stocks also ended lower as the spike in oil prices, raised concerns about damage to the fragile global economy. But signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis helped to support sentiment.
CNBC's Mandy Drury reports the U.S. markets are up on the day, as the Dow again crosses the 13,000 threshold. The Michigan Consumer Sentiment survey has risen for six straight months. Gap Q4 earnings plunge 40 percent. Kenneth Cole is up on the day on news that Kenneth Cole is looking to buy the rest of the company. And Netflix announces it has no plans to bring its service to the Blackberry Playbook.
European shares mostly higher on positive earnings results. Euro zone banks among the best gainers as they benefit from ECB's LTRO. Deutsche Bank shares jump as Merrill upgrades stock to buy. Lloyds Banking reports $5.5 billion loss and gives a gloomy outlook. German economyy contracts by .2 percent in Q4. Fiat may shutter two European plants if U.S. export plans fail. Draghi says euro zone on the mend after a weak end to 2011.
Jurgen Stark, former ECB Executive Board Member, discusses the European Union's handling of the debt crisis: "Mario Draghi is right to insist on structural reforms," he says.
Discussing why Europe should do more to cut spending, including early retirement benefits, with Tony Crescenzi, Pimco executive vice president/market strategist/portfolio manager.
U.S. stock futures pointed to a slightly higher open for Wall Street on Friday, with analysts expecting January's data for new home sales to show a rise. European shares were up on strong company results and expectation that the European Central Bank will lend a vast amount to banks at next week's three-year refinancing operation.
U.S. futures point to a higher open for Wall Street. European shares briefly turned negative on Friday as banking stocks pared gains, with Lloyds reversing earlier rises after announcing its 2012 revenue would fall. Asian shares crept higher as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.
CNBC's Rick Santelli says China poses a greater potential "contagion" threat to the U.S. economy than Europe does.
CNBC's Mandy Drury reports the U.S. markets are up after U.S. jobless claims hold steady at a 4-year low. Sears shares surge as investors cheer its revamp scheme. HP, on the other hand, sees profit tumble 44 percent. Boston Beer shares are also lower on a lackluster 2012 earnings outlook. And JD Power raises 2012 U.S. auto sales forecast.
European markets mixed after U.S. labor data. German business sentiment hits 7-month high. Greek Parliament approves private sector debt swap deal. Commerzbank earnings take $927 million Q4 hit on Greek debt. Royal Bank of Scotland full-year loss grows 78 percent on Greek debt. Euro zone economy to shrink in 2012, according to the EU. Spain, Italy, Portugal and Germany down for the third straight day.
European shares turned negative again in mid-morning trade on Thursday, with automobile stocks topping the decliners' list. The fall came as the EU's executive said the euro zone economy is heading for its second recession in three years and the wider European Union economy is set to stagnate.
US futures pointed to Wall Street opening higher after a down day yesterday. European shares extended gains on Thursday morning after the German IFO institute said its closely-watched business sentiment indicator rose more than expected. Asian shares were mixed on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into recession, fanning fresh worries about Greece's debt restructuring challenges.
Discussing whether there is an economic rebound brewing and how to play the recovery, with Pippa Malmgren, Principalis Asset Management, and Russ Koesterich, BlackRock iShares Group.
Inspectors from the global nuclear watchdog agency left Iran with no satisfaction. CNBC's Michelle Caruso-Cabrera, Jane Wells & Sharon Epperson discuss the impact on geopolitics, Israeli defense and oil markets.
CNBC's Michelle Caruso-Cabrera addressing the best approach to solve rising tensions between the West and Iran, with Helima Croft, Barclays Capital sr. geopolitical strategist.
CNBC's Mandy Drury reports U.S. markets are down after hitting 13,000 yesterday. Dell is hit after yesterday's earnings miss. HP earnings come later today. Toll Brothers is down on the day after loss. Garmin shares jump after better-than-expected profit. And Apple is down on the day after Chinese firm tries to stop sale of iPads due to trademark infringement.
European markets close down on weaker than expected economic data. Markit Euro Zone PMI 49.4 (February) vs. 50.4 (January). Unresolved issues related to Greek bailout weigh on sentiment. Euro zone banking index falls about 2.5 percent, but still up 16 percent on the year. Fitch cuts Greece debt rating to C from CCC, says default "likely." Also, German manufacturing and service sectors slow in February. And a Greece Parliamentary Committee votes to approve debt swap bill. With Bob Baur, Principal Global Investors.
John Ducas, founder at Ducas Capital Management talks about his financial research firm and his assessment processes including using social media platforms for decision-making.
Douglas Morton, head of Asia research at Aviate Global discusses China's recent moves to cut interest rates and how it was a surprise to many because it was such a "broad-based interest cut".
Amjad Bashir, MEP of UKIP talks about what the UK Independence party would bring to the UK, in terms of the EU referendum, cutting the deficit, trade and immigration.