The euro's resolve could be starting to crack, as it cleared "psychologically significant" barriers, according to strategists.» Read More
A new government is formed in Europe and problems ensue. They check the books from the outgoing administration and discover things are worse than they knew. If this sounds familiar, it should as this is what happened in Greece. It is now occurring in the United Kingdom.
Gold will sell at $2,000 an ounce by the end of the year and could hit $5,000 an ounce by 2012-2014, Robert McEwen, chairman of U.S. Gold , a gold exploration company told CNBC on Monday.
The pain of the European debt crisis is spreading, with the plummeting euro making Chinese companies less competitive in Europe, their largest market, and complicating any move to break the Chinese currency’s peg to the dollar.
If I had a "bucket list" to put together I would have the beaches at Normandy as number one. Greece and Turkey would be on the list as well. Never would I have thought of walking down the Red Carpet at the Cannes Film Festival (Or is it walking up the Red Carpet?).
As the euro plunges to a four-year low against the dollar and respected economists like Paul Volker wonder out loud if the currency will survive, reflection is necessary to determine why this once prestigious currency appears to be crashing on the rocks of uncertainty.
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After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies, the New York Times reported.
"It's a major mess," says one market pro. "Between what's going on in Europe, what's going on in Congress and our banking sector, there's no wonder why the fear of God is in investors."
If you’re looking for a market ‘tell’ keep your eye on this, says Todd Gordon of Forex.com. It's often a leading indicator for equities.
Stocks opened lower on Friday amid a fresh round of worries about the U.S. economic recovery. How should investors prepare their portfolios and what should they watch for? Art Hogan, global equity product director at Jefferies shared his insights.
The European Cental Bank's bailout package is just a $1 trillion fig leaf covering the problem and a better move would have been to arrange for Greece and Portugal to leave the European Union.
Any assumption that the financial crisis is behind us is way off the mark, as the European Union is just shifting debt obligatoins between the public and private sector and not dealing with the undelying problem.
Over the past few years, the outlook from Cisco CEO John Chambers has been spot on. That combined with technical action makes the traders nervous.
The Euro and Gold remain the top two stories in the financial markets as former losses ground while the latter puts in new all time highs.
Banknote wholesalers will no longer supply the 500 euro note in the UK as part of measures to prevent money laundering, the Serious Organized Crime Agency (SOCA) announced Thursday on its Web site.
The European Central Bank's decision to buy government bonds in the secondary markets will likely stop speculators, but it may push the euro down by more than 10 percent.
Gold prices are soaring because of growing inflation fears—both the European Central Bank and the Federal Reserve seem to be on the path to permanently easy money with the Greek bailout and huge U.S. budget deficits.
The Queen was made to hang around for 5 days this week while her elected representatives attempted to form Britain’s next government.
The only thing missing from the weekend’s $1 trillion rescue package for Europe is a good acronym, Timothy Scala, a macro strategist at hedge fund Sophis Investments told CNBC.com Wednesday.
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