Some pensioners are able to withdraw money from ATMs in Egypt, but the stock exchange will remain closed until "calm is restored to the street," newly-appointed Egypt Finance Minister Samir Radwan told CNBC Wednesday.
With the Middle East in the background, financial markets are turning their attention to Friday's jobs report and other U.S. economic data slated for this week.
President Barack Obama told Hosni Mubarak on Tuesday an orderly transition of power in Egypt "must begin now" in remarks critical of the Egyptian leader's plan to stay in office six more months.
"What happens is the market moves on, and it has in every event," one pro says. "Unless there is a growing concern of contagion that affects the oil markets, the market will go on now."
Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in Egypt — or the greater Arab world for that matter?
Plus, get calls Cramer’s favorite bank stock, the aerospace and truck bull markets and more.
Blackrock sent out a short memo yesterday on the ongoing situation in Egypt.
If President Hosni Mubarak says in a speech tonight that he will step down at the next election, as Al Arabiya TV is reporting, I doubt it will do much to satisfy the protesters. If anything, it will likely embolden them.
In his new book, "THE NEXT DECADE: Where We’ve Been and Where We’re Going," Friedman predicts that, above all, America's power will be tested, and while the author says it will endure, it will require what he calls, "extraordinary skill of the decade’s Presidents to navigate turbulent waters and balance relationships."
Nineteen private jets carrying Egyptian businessmen and their families departed from Cairo yesterday, according to news reports .
The U.S. market is our favorite market to watch in 2011, said Kevin Gardiner, head of investment strategy at Barclays Capital.
Investors panicking the Egyptian chaos could paralyze the Suez Canal sent oil to 2008 highs Monday. Right now the canal remains open but for how long? Worries over the security of the canal are mounting as the unrest continues.
As the political crisis in Egypt unfolds and Internet service remains blocked by local authorities, engineers from Twitter, Google and SayNow launched a special "speak-to-tweet" service for people on the ground to stay connected with each other and the outside world.
Youth unemployment in Egypt and Tunisia was a ticking "time bomb", IMF chief Dominique Strauss-Kahn told CNBC Tuesday, adding that he had warned of such a situation developing back in the summer.
Tuesday's "million" person march in Egypt could keep the heat on oil prices, which have gushed nearly 8 percent in two sessions.
Companies with operations in Egypt are doing their best to maintain business as usual, with varying results.
The "Mad Money" host's four steps to prospering amidst negative news stories.
While no one can be sure what the outcome will be from the turmoil in Egypt, David Riedel of Riedel Research tells us 3 scenarios are most likely.
The Obama administration is hoping that the US economy will grow 4 percent this year, leading to a fall in unemployment , Gene Sperling, director of the National Economic Council, told CNBC Monday.
On Saturday afternoon, I visited a rally outside the United Nations building in New York City, where hundreds had gathered to protest the Mubarak regime in Egypt.