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.
Suddenly, Europe is talking about growth and not just austerity.
U.S. stocks stumbled Thursday, as investors digested conflicting economic data ahead of Friday's all-important jobs report.
European Central Bank officials voted Thursday to hold interest rates steady, even as the euro area economy slides towards recession. But ECB president Mario Draghi appeared to hint that there could be rate cuts in the future.
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 were poised to open slightly higher Friday, losing some momentum on concerns about weaker-than-expected U.S. economic growth and European debt, as Ford beat earnings expectations for the quarter.
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.
The problem has become so complicated, that perhaps only a child can solve it. An 11-year-old Dutch boy, Jurre Hermans, entered a serious economics competition with a plan for bringing the Greek economy back from the brink.
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.
Next week all eyes will be on inflation and Greece.
The bull market on Wall Street enters its fourth year this week and investors are wondering how much higher stocks can go.
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.
Investors are gearing up for the unofficial start of corporate earnings season, but they're also bracing for another round of bad headlines out of Europe.
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.
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.
Stock closed mixed, after moving in a narrow range for most of the trading day.
U.S. stocks finished higher for a third straight day Friday, after a slightly better-than-expected jobs report, but the gains were pared back after Greece's deal with bondholders triggered a "credit event."
The European Central Bank offered a slightly more pessimistic outlook for the eurozone economy Thursday and said it expects inflation to rise this year on higher oil prices.
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.
After unleashing a wave of liquidity earlier this year, the European Central Bank is set to offer European banks another chance to soak up billions of euros in cheap loans.
Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including ?130 billion ($173 billion) in new financing.
With the second bailout for Greece, the European Union has changed forever. CNN's Jim Boulden explains.
Eurozone finance officials remained behind closed doors late Monday as a crucial round of talks over a second bailout for Greece looked set to run late into the night.
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 closed more than 1% higher Thursday as positive domestic economic data comforted investors nervous about Greece's ability to secure a second bailout.
Stocks had one of their worst days of the year Wednesday as Greece reminded everyone that it is still Greece. The Dow narrowly steered clear of its first triple-digit point drop since December 28.
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.
Hooded youths tossed stones and police fired stun grenades Friday in front of the Greek Parliament as lawmakers faced tough new conditions they must meet before euro zone finance ministers will give them billions of desperately needed euros to bail out the debt-ridden country.
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.
U.S. stocks moved higher Tuesday, erasing earlier losses, on hopes that Greece is nearing a deal to secure more bailout money.
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.
U.S. stocks were set to open slightly lower Tuesday, as investors wait for Greek leaders to agree on the terms of a new bailout package, a key step to avoiding a default.
CNNMoney: Greece on the brinkupdated: Mon Feb 06 2012 15:04:00
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 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.
After wreaking havoc in global financial markets last year, the debt crisis in Europe has entered a complicated new phase in 2012.
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.
U.S. stocks were poised for a quiet open Wednesday, as investors await the latest interest rate decision from the Federal Reserve and keep an eye on Greece's debt talks.
The International Monetary Fund lowered its outlook for the world economy on Tuesday, and warned that the global financial system faces growing risks from the debt crisis in Europe.
CNNMoney: The new new gold rushupdated: Mon Jan 23 2012 13:06:00
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.
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?
Debate over whether the Federal Reserve would pull the trigger on QE3 started even before QE2 ended last summer.
In this corner, weighing in at 45 kilograms soaking wet ... he's all the rage in Paris, Milan, Brussels and Munich! The euro!
Italian bond yields rose above 7% on Friday as worries about the government's debt problems resurfaced.
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 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.
As European leaders unveil their latest plan to solve the debt crisis, economists and market experts aren't convinced they'll actually be successful.
The European Central Bank took steps Thursday to revive the ailing European economy and ease credit conditions for troubled eurozone banks.
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.
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.
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.
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.
Imagine Europe is Princess Leia. That means new European Central Bank president Mario Draghi would be Ben Kenobi.
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.
The debt problems in Europe have been so persistent and pervasive that the debt crisis is beginning to feel like the new normal.
Stocks took a nosedive in the final hour of trading Wednesday, when investors got spooked by a Fitch report that outlined U.S. banks' exposure to contagion from European sovereign debt.
U.S. stocks closed higher Tuesday as a batch of better-than-expected U.S. economic data temporarily overshadowed ongoing fears about the eurozone debt crisis.
Italy's debt crisis raises an uncomfortable question in the United States: Is America like Italy?
As Italy and other countries stare into the financial abyss, questions are being raised about whether the European Central Bank should be bailing out failing economies as the only institution with sufficient funds available to act on several fronts at once.
Lucas Papademos, a former European Central Bank vice president, has been named prime minister of Greece.
The eurozone crisis has truly engulfed Italy -- but is it because the country is insolvent or simply unable to access funds easily in the financial markets?
Greek Prime Minister George Papandreou has said he is confident of a positive outcome by the end of Tuesday, a spokesman said, as thorny discussions continue on forming a new government.
Greek Prime Minister George Papandreou has said he is confident of a positive outcome by the end of Tuesday, a spokesman said, as thorny discussions continue on forming a new government.
Greece is waiting to hear who will become its new prime minister. CNN's Jim Boulden reports.
After a summit dominated by concerns about Europe, the world's most powerful political leaders produced a two-page "action plan" for the global economy that builds largely on existing policies previously stated goals.
U.S. stocks were headed for a slightly lower open Friday following a disappointing jobs report.
Frankfurt Main Finance's Hubertus Vaeth talks to Marketplace Europe about the city's role in European finance.
As German Chancellor Angela Merkel attempts to lead the eurozone out of its crisis, the country's financial capital is also attempting to stamp its authority on the bloc -- and the world.
The European Central Bank cut interest rates for the first time in two years Thursday, reversing a direction set earlier this year, as the new head of the monetary authority said Europe is heading into a mild recession.
Gold is said to be a hedge against inflation, deflation and all other nasty sorts of economic bugaboos. It looks like it may be a hedge against political incompetence too.
U.S. stocks finished sharply higher Wednesday afternoon, snapping back from two days of steep declines.
U.S. stocks were headed for a modestly higher open Wednesday as developments in Greece kept investors cautious.
Greece's economy has been in a mostly downward spiral since the country joined the euro in 2001.
U.S. stocks sold off sharply Monday, as investors continued to scrutinize the eurozone debt deal, but it was an impressive month for the market.
Monday marks the last day on the job for European Central Bank President Jean-Claude Trichet, after a bumpy eight-year ride characterized by the Great Recession and Europe's ongoing debt crisis.
Stocks are poised to end October with one the best monthly performances on record, but the market's wave of uncertainty is far from over.
The clock is ticking for Europe.
U.S. stocks ended a strong week on a low note Friday as ongoing concerns about the European debt crisis overshadowed a better-than-expected report on the U.S. job market.
U.S. stocks rallied for a third straight day Thursday, as investors turned optimistic, following the European Central Bank's latest policy measures aimed at boosting liquidity in the European banking system.
European stock markets rallied for a third day Thursday as talk of government support for troubled banks grew louder.
The European Central Bank announced a series of "non-standard" policy measures Thursday, aimed at increasing liquidity in the European banking system. But the central bank stopped short of lowering interest rates.
© 2011 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|