The dollar held gains versus the yen and the euro was firm after rebounding from an eight-month low on promising U.S. and eurozone economies.» Read More
The remedies being floated to fix Europe range from the mild to the extreme—it could be either a healthy dose of government intervention or surgery, so to speak, getting rid of some of the weaker euro-zone countries.
I thought I understood how dire things were in Europe. Then I saw it explained by Clarke and Dawe. Troubling.
The euro is facing an identity crisis with Germany in the driver’s seat, Jan Randolph from IHS Global told CNBC Thursday.
The pressure on governments to fund bailouts and spend to reinvigorate their economies has led to a sharp increase in the issuance of sovereign debt.
Actually, there are some related plays that might work even better.
Stocks closed about a half-percent lower after a bargain-hunting rally collapsed late Wednesday, with traders booking gains from earlier in the day and refusing to give the market a vote of confidence.
China, which boasts the world’s largest foreign exchange reserves, is reviewing its holdings of eurozone debt in the wake of the crisis that has swept through the region’s bond markets.
Recent stress tests have shown that Portuguese banks are more resilient and well-capitalized than their counterparts in Spain, which were more severely affected by the housing bubble, Portuguese Finance Minister Fernando Teixeira Dos Santos told CNBC Wednesday.
Stocks were off their sessions high, pulling back after European markets closed but still positive after enduring days of whipsaw trading.
Nobody knows the trouble I have seen.... With almost 40 years of experience you think I would be calmer when market turmoil hits. But I guess it's part of the human condition to forget the pain and remember the good times.
Once upon a time, the European Economic Community-remember that quaint post-World War II institution-thrived without a single currency. A larger European Union can again, but it needs to jettison the fantasy that the benefits of capitalism can be accomplished without adequate incentives to work hard and invest.
Europe's travails can and should be teaching us something: Do not wait until it is too late to get your fiscal house in order.
One day Team Obama announces a plan for enhanced rescission authority to impound wasteful spending. The next day the House surfaces a $200 billion “stimulus” plan to spend on transfer payments for welfare, even more unemployment compensation, still more Medicaid, and a bunch of special-interest subsidies.
A 10 percent rise for the FTSE-100 index and Dow Jones Industrial Average looks possible, according to technical charts, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
Without the support of the UK or many euro-zone members, the EU looks split on key issues at a time when the Treasury Secretary thinks they should be standing united.
Traders fret the only thing that will halt the volatile selling in risk assets is a clear solution to Europe's sovereign debt crisis, and that seems elusive.
Cramer goes “Off the Charts” to find out.
A recent spike in the rate banks charge each other for short-term borrowing is reviving investor fears that the market is returning to the abyss of the credit crisis.
Don't lose sleep over the market turmoil! Oppenheimer's Carter Worth thinks the stock market is like a good mattress - one that may give a little but still has firm support.
Stocks are getting battered across-the-board yet again today, with all of the major U.S. stock indices down 2 percent as of this writing. The Dow is down over 1300 points, or 12 percent, from its recent April 23rd high.