Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
Greece's exit from the eurozone "would be possible," even if not in Europe's interest, and countries should have a democratic right to quit, according to a member of the ECB's governing council.
If investors hate Europe so much, why isn't the euro currency tanking?
U.S. stocks were set for a higher open Thursday, as investors react to reports on widening U.S. trade deficit and jobless claims data that came in close to expectations.
U.S. stocks sold off Friday, ending the week lower, after a government report showed that employers added fewer-than-expected jobs in April.
U.S. stocks stumbled Thursday, as investors digested conflicting economic data ahead of Friday's all-important jobs report.
Yields on benchmark 10-year U.S. Treasury bonds are back below 2%. They really shouldn't be this low. Most fixed income investors agree that's the case. Yet, people keep clinging to long-term securities like Linus Van Pelt does to his baby blue security blanket.
U.S. stocks rose Thursday, as hopes for more stimulus from the Federal Reserve and upbeat housing data overshadowed concerns about the job market and mixed corporate earnings.
U.S. stocks finished near the highs of the day Wednesday, as investors digested comments from Federal Reserve chairman Ben Bernanke and cheered strong corporate results from big companies including Apple and Boeing.
India's central bank cut key lending rates for the first time in three years on Tuesday in an aggressive effort to stimulate growth and boost investment at a time when the gloss is rapidly coming off Asia's third largest economy.
China is slowing, inflation is sleeping, bank stocks are slipping and Google is splitting. Got all that?
Chinese consumer inflation rebounded slightly in March leaving policy makers less room to ease monetary conditions to prop up the slowing economy even though persistent price rises appear largely under control.
updated: Mon Apr 09 2012 06:17:00
CNN's Eunice Yoon explores the rich-poor divide in China and its challenges for the country.
There was nothing good about the Good Friday jobs report. But was the slowdown in hiring in March bad enough for the Federal Reserve to once again consider more stimulus for the economy?
U.S. stocks closed mixed Thursday, with the broader market falling for a third day, amid renewed worries about the debt crisis in Europe.
U.S. stocks dropped Wednesday, rebounding somewhat into the close, as investors grew increasingly anxious about what the markets might look like without additional stimulus from the Federal Reserve.
All eyes will focus on Federal Reserve Chairman Ben Bernanke and his team of nine as they spend two days mulling over what monetary policy levers to pull to give the stalled U.S. economy a boost.
Next week all eyes will be on inflation and Greece.
Expect the upward march of oil and gas prices to overshadow bellwether corporate earnings, economic reports and a read on the health of the European banking sector -- all of which are due next week.
Once again investors will be looking overseas for any signals out of Europe on the fate of the eurozone and the euro.
Once again, investors all over the world will be looking to Europe to determine how to bet on the markets.
U.S. stocks were headed for a sharp selloff Wednesday, with anxiety lingering after Federal Reserve policy makers indicated that no new stimulus is likely.
A logjam broke late Thursday night in the Senate, which confirmed 70 nominees to various posts, including key financial regulators whose appointments had lingered since last summer.
updated: Thu Mar 29 2012 05:07:00
CNN's John Defterios explains how emerging markets are countering Europe's debt crisis.
Bamboozled by eurozone debt crisis jargon? CNN is here to help you tell your bond yields from your banking interventions, your defaults from your haircuts. And if you need anything more explained, please submit your questions to Soundoff at the bottom of the story.
U.S. stocks rallied Monday after Fed chairman Ben Bernanke's comments on the job market gave investors reason to believe interest rates will stay low.
1994 was great for movie fans. "Pulp Fiction." "The Shawshank Redemption." "Forrest Gump." But bond investors definitely would rather forget that year.
Call it the most profitable bank in the world.
U.S. stocks rallied late Tuesday to close sharply higher on news that most of the nation's largest banks have passed the government's latest test of their financial health.
The Federal Reserve sounds a bit more upbeat about the job market and the global economy, but still the central bank is erring on the side of caution.
The U.S. economy appears to be gradually improving -- and the dollar is coming along for the ride. Imagine that.
Repeat after me. There is no need for more QE. There is no need for more QE. There is no need for more QE.
U.S. stocks rose modestly Thursday as investors welcomed mostly positive economic news and digested testimony from Federal Reserve chairman Ben Bernanke.
In day two of Ben Bernanke's semi-annual testimony before Congress, the Federal Reserve Chairman warned lawmakers that their short-term policies could put the recovery at risk.
U.S. stocks were headed for a modestly higher open Thursday, as investors digested upbeat economic data and strong sales results from retailers.
While stocks ended slightly lower, Wednesday's biggest market moves were in the bond, commodity and currency markets -- with 10-year Treasury yields surging higher and the price of gold, silver and the euro dropping dramatically.
Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn't exactly rosy.
U.S. stocks were set for a higher open Wednesday, after the European Central Bank said that it well lend €529.5 billion, or $721.4 billion, to European banks in an effort to prevent a credit crunch.
Remember those pesky mortgage-backed securities the Federal Reserve had to take off AIG's hands at the worst of the financial crisis?
The Federal Reserve takes a lot of heat from critics for keeping interest rates low. But there's an upside that most people overlook: Low interest rates save the government money.
Housing is still one of the biggest drags on U.S. economic growth, but don't look to the Federal Reserve for help. The central bank may have few tools left to fix it.
Eurozone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to ?170bn.
U.S. stocks recovered from earlier losses late Tuesday to closed mixed amid an uncertain situation in Greece, where political leaders are scrambling to secure a second bailout and avoid a default.
Stocks are soaring this year. Everywhere. And if you think the rally has been big in the U.S., just check out emerging markets.
Investors have been betting on a Greek austerity deal all week, and now that it's finally here, they're breathing a sigh of relief. U.S. stocks closed modestly higher Thursday following a morning of choppy trading.
Greek political leaders agreed to a package of austerity reforms Thursday, marking the first step toward securing much-needed bailout funds.
U.S. stocks were poised for a higher start Thursday, as investors continued to focus on Greece, where political parties are negotiating austerity measures and reforms that are needed to secure more bailout funds and a default.
Greek political leaders were meeting Wednesday to hammer out an agreement on austerity reforms as the nation scrambles to avoid a default.
By now, Federal Reserve Chairman Ben Bernanke must be used to being a punching bag.
updated: Tue Feb 07 2012 09:13:00
Unions in Greece stage a general strike as politicians consider more cuts. CNN's Jim Boulden explains.
Greek union members are expected to go on a daylong strike Tuesday to protest new austerity measures sought by foreign lenders as the country negotiates to keep its finances afloat.
Officials in Greece are under pressure to reach an agreement on a new bailout package, as the threat of a default hangs over the country.
The strong January jobs report may finally put a nail in the QE3 coffin.
The recovery remains "frustratingly slow" in the United States, and now Europe's debt crisis is posing additional challenges, Federal Reserve Chairman Ben Bernanke told Congress Thursday.
U.S. stocks ended mixed Thursday as investors digested a cautious economic outlook from the chairman of the Federal Reserve one day before a key report on the job market.
One Fed official owns thousands of acres of farmland and at least $1 million in gold. Many own individual blue chip stocks, while another appears to hold no major assets other than his home and an employee benefit plan.
As he helped orchestrate the Wall Street bailouts, William Dudley -- now president of the New York Fed -- owned more than $100,000 stock in AIG and General Electric, two firms that received government assistance.
After wreaking havoc in global financial markets last year, the debt crisis in Europe has entered a complicated new phase in 2012.
updated: Mon Jan 30 2012 07:50:00
Richard Quest talks to Jean-Claude Trichet, fmr. pres. of the European Central Bank, about solving the Eurozone crisis.
Some might say that the Federal Reserve is wisely taking a smart, wait-and-see approach regarding the economy. I am not one of those people.
Ben Bernanke will step back into the classroom this semester to teach college students about the Federal Reserve.
The economy is improving, the Federal Reserve said Wednesday, but not enough to warrant higher interest rates for at least two-and-a-half more years. The central bank indicated that it expects to keep the federal funds rate near historic lows until late 2014 -- an extension from the Fed's original pledge to keep rates low through mid 2013.
In an effort to be more transparent with the public, the Federal Reserve gave more insight into its planning tools Wednesday than ever before.
U.S. stocks shaved early losses and ended higher Wednesday afternoon after the Federal Reserve said it plans to keep interest rates near historic lows through late 2014.
This is the statement of the minutes of the Federal Open Market Committee meeting released January 25, 2012. Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators point to some further improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment has slowed, and the housing sector remains depressed. Inflation has been subdued in recent months, and longer-term inflation expectations have remained stable.
It's a new year. And that means a new, and probably less divided, Fed.
The market is off to a scintillating start in 2012 and many of last year's worst performers are leading the charge.
After three weeks of gains, investors could be in for a choppy week ahead, as earnings kick into high gear and Europe's debt crisis heats up.
The economy is slowly but surely getting better. That's the good news. The bad news is that the market has already figured that out.
Republican presidential candidate Newt Gingrich is calling for the United States to think about returning to the gold standard.
The $64,000 question facing the global economy this year should be more accurately dubbed the 404,163 yuan question: Can China avoid a big slowdown in growth in 2012?
Ben Bernanke is about to hand Timothy Geithner a very large check.
Debate over whether the Federal Reserve would pull the trigger on QE3 started even before QE2 ended last summer.
updated: Thu Jan 05 2012 09:32:00
Thousands of people protest Hungary's new constitution, demanding that PM Orban resign. CNN's Jim Clancy reports.
Hungary's currency plunged to fresh lows against the euro on Thursday after the country failed to attract enough investors at a government bond auction to reach its target.
There's no shortage of debate as to whether the Obama administration and Congress have done the right things in attempting to avert a debt crisis and revive the stalled economy.
In this corner, weighing in at 45 kilograms soaking wet ... he's all the rage in Paris, Milan, Brussels and Munich! The euro!
The Federal Reserve is about to give even more detailed forecasts about where it expects its key interest rate to be years from now.
Former MF Global CEO Jon Corzine returned to Capitol Hill Thursday, where he rejected allegations aired earlier this week that he was aware of fund transfers from customer accounts.
Federal Reserve Board Chairman Ben Bernanke told Republican senators on Capitol Hill on Wednesday that he's concerned about European sovereign debt problems spilling over to the U.S. economy, according to senators.
The Federal Reserve acknowledged the job market has improved slightly, but said the economy's immediate future remains on pins and needles.
This is the statement of the minutes of the Federal Open Market Committee meeting released Dec. 13, 2011.
The Federal Reserve has pretty much pulled out all the stops to try and keep the U.S. (and some would argue global) economy from collapsing.
Once again, investors all over the world will be looking to Europe to determine how to bet on the markets.
European leaders will meet this week for yet another summit to discuss ways to save the euro, and this time they are talking about rewriting European Union treaties.
Investors clamoring for another round of Federal Reserve bond buying need to root for a blue Christmas. That's according to St. Louis Fed President James Bullard, a self-described inflation hawk and influential member of the central bank.
The head of the European Central Bank offered hints Thursday about the No. 1 question in Europe: Will the bank step up and do more to calm the bond markets?
European stocks were unable to maintain the strong rally from the previous session on Thursday, stalling in early trading as sentiment returned to caution.
Investors around the world raced to scoop up stocks on Wednesday, after the Federal Reserve said it will work with other central banks to support the global economy.
Bank stocks rallied Wednesday -- despite a credit rating downgrade by Standard & Poor's -- after the world's top central banks announced a coordinated effort to avoid another global credit crunch.
Europe is hurting for cash, and central banks around the world are stepping in to give it a boost.
Commodity prices across the board moved higher Wednesday, with oil prices topping $100 per barrel for the second time in almost six months. And experts said this time they could actually keep climbing.
In the increasingly desperate search for the proverbial big "bazooka," European policy makers are now exploring ways for the International Monetary Fund to help contain the eurozone debt crisis.
I wrote in yesterday's column about how the market wanted the European Central Bank to do something. It looks like the ECB listened.
U.S. stocks were poised to rally Wednesday, after the Fed said that it will act with other central banks to boost liquidity and support the global economy. Global markets surged on the news as well.
Imagine Europe is Princess Leia. That means new European Central Bank president Mario Draghi would be Ben Kenobi.
The Federal Reserve wants to know: could America's largest banks endure another shock like the one in 2008?
Stocks ended in the red Tuesday, amid worries about U.S. economic growth.
At their last meeting, Federal Reserve members discussed volatile financial markets, Europe's debt crisis and MF Global's bankruptcy. But in the end, they made no changes to existing policy.
Loading weather data ...
© 2011 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|