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.
The three biggest credit agencies are now on the hook—along with eight Wall Street banks—in a probe involving whether they misled investors in toxic, mortgage-backed securities, CNBC has learned.
For the first time in Google's short, but colorful and profitable history, the company may be faced with more challenges than opportunities; no where is that concern reflected more clearly than in the company's stock price.
Over the last year, the Obama administration has pressed forward on hundreds of new mandates, while also stepping up enforcement of rules by increasing the ranks of inspectors and imposing higher fines for violations. The New York Times explains.
The European debt crisis has left markets vulnerable to any sovereign debt rating reports and ratings agencies have seen their influence mushroom in Europe.
Public attitudes toward the economy have created ominous political problems for the Democratic Party and for Wall Street, according to the new NBC News/Wall Street Journal poll.
Regulators examining the causes of the brief stock market free fall last Thursday are looking closely at heavy selling in the market for stock-index futures by a single trader, beginning 10 minutes before stock prices began to plummet. The NYT reports.
Political patience is washing away for BP executives who can't stop a broken underwater well from spewing oil into the Gulf, where crews were trying the latest solution—submerging a second containment box designed to funnel the gusher to a waiting tanker.
Make this market safe for regular investors again.
While BP's Gulf of Mexico oil spill has dimmed the prospects for new offshore oil drilling, next-generation biofuels may be able to compensate for that lost production, marking the start of a bigger move away from oil.
The autopsy continues on what caused a 1000 point drop in the Dow last Thursday. But with a quick look at the chart, it is obvious to the naked eye that electronic trading was at least partially to blame for the tailspin.
Europe's $1 trillion bailout fund might alleviate some of concerns that its debt problems could spread to the US, Philadelphia Fed President Charles Plosser told CNBC Monday
Investigators seeking an explanation for the brief stock market panic last week said Sunday that they were focusing increasingly on how a controlled slowdown in trading on the New York Stock Exchange, meant to bring about stability, instead set off uncontrolled selling on electronic exchanges. The NYT explains.
The big question of what went wrong when the markets plunged Thursday is still up in the air.
As the market dropped our team was watching. A car wreck is a much too pleasant analogy. I was at my desk in 1987, 1989, 9/11, 2008, and I’ve never witnessed what I witnessed yesterday.
The head of the Federal Communications Commission is pledging to apply only narrow regulations to high-speed Internet access to ensure the agency has adequate authority to govern broadband providers without adopting heavy-handed rules.
A 100-ton concrete-and-steel contraption designed to siphon off the oil fouling the Gulf of Mexico was being hauled to the spot in the sea where a blown-out well is spewing hundreds of thousands of gallons of petroleum a day.
Fishermen along the Gulf Coast are unhappy about BP's plan to compensate them for lost wages.
It’s an open secret on Wall Street that many big banks routinely — and legally — fudge their quarterly books. But now Washington is taking a hard look at a range of maneuvers that help banks dress up their financial statements, and raising some uncomfortable questions about banks’ bookkeeping.