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.
Tax refund fraud is rampant, and officials blame the IRS for not doing enough to stop it. CNN's Randi Kaye reports.
Criminals who file fraudulent tax returns by stealing people's identities could rake in an estimated $26 billion over the next five years because the IRS cannot keep up with the amount of the fraud, Treasury Inspector General J. Russell George said Tuesday.
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.
Tuesday is tax day, and the only thing more frustrating than paying taxes is Washington's refusal to fix the tax code.
Last week we learned that Barack and Michelle Obama's effective tax rate for 2011 was 20.5%. They had adjusted gross income of $789,674. We also learned that their tax rate was slightly lower than President Obama's secretary, who had about $95,000 of income.
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.
It turns out that Richard Nixon was a hippie.
The Buffett Rule makes for great stump speeches in an election year. But as tax policy it leaves much to be desired.
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.
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.
Dissident artist Ai Weiwei discusses the scrutiny he's under in Beijing and why he's posted his taxes online.
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.
Criminals across the country are raking in billions of dollars in tax refunds through a new and brazen form of fraud that takes advantage of the IRS's fast online returns, law enforcement officials say.
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.
China plans to boost its official defence budget by 11.2 per cent this year as Beijing is balancing the modernisation of its armed forces against the need to keep military spending in line with economic development.
Money Magazine: 5 tricky tax challengesupdated: Sat Mar 03 2012 07:04:00
With the Bush tax cuts slated to expire at the end of this election year, consider this filing season the calm before the tax storm: You'll face few new rules, tax rates are the same as last year, and popular deductions are still in place.
Mitt Romney's new tax plan would mean lower taxes for most Americans. But some would benefit more than others.
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.
For investors, the words credit default swap can bring back painful memories of 2008. But in the case of Greece, the dreaded derivatives may not be the ticking time bomb some have feared.
U.S. stocks were headed for a modestly higher open Thursday, as investors digested upbeat economic data and strong sales results from retailers.
Mitt Romney made two big changes to his tax plan last week, and according to a new analysis, they will be very expensive.
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?
Compare and contrast the economic plan Mitt Romney released in September with the speech he delivered Friday in Detroit.
Arizona Gov. Jan Brewer explains why she is endorsing Mitt Romney as the GOP presidential candidate.
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.
U.S. corporations pay one of the highest tax rates in the world. There's little debate about that.
Rick Santorum found that his position at the top of polls made him the biggest target in Wednesday's CNN Republican presidential debate, possibly the last of the GOP primary and caucus campaign.
Rick Santorum leads polls as GOP candidates take to the stage in the CNN debate in Arizona.
Rick Santorum pointed out the growth of government benefits compared to defense spending during Wednesday night's Republican candidates debate in Mesa, Arizona, hosted by CNN and the Republican Party of Arizona.
Presidential candidate Rick Santorum details how he would cut the national debt by going after entitlement programs.
During a speech at the Boeing facility in Washington, Pres. Obama commends Congress for extending the payroll tax cut.
President Barack Obama on Wednesday signed into law the agreement passed by Congress last week to extend the payroll tax cut and unemployment benefits while preventing a cut in payments to Medicare doctors.
After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code.
CNN's Christine Romans explains what's in President Obama's corporate tax plan.
The Treasury Department will unveil President Barack Obama's corporate tax reform plan Wednesday -- a framework that would reduce the overall rate paid by corporations, a senior administration official told CNN.
Outspoken New Jersey Gov. Chris Christie had some rather harsh words for billionaire investor Warren Buffett on Tuesday.
The Treasury Department will unveil President Barack Obama's corporate tax reform plan on Wednesday, senior administration officials told CNN.
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.
The last legislative freight train has left the station, and a set of expired business tax breaks that regularly get extended was left on the platform.
Pretty much everyone in Washington agrees that the tax code is complicated, inefficient and -- in general -- a major drag.
House Speaker John Boehner says a payroll tax agreement with Democrats was the only way to prevent a tax hike.
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.
Independent deficit hawks -- as opposed to the political ones seeking votes -- gave mixed reviews to President Obama's 2013 budget proposal.
Raise taxes on those making more than $250,000. Limit deductions for the wealthy. Make an expanded college tax credit permanent.
President Obama unveiled a $3.8 trillion budget request Monday that hikes taxes on the rich, spends new money on infrastructure and education, but does little to reform the entitlement programs that pose the biggest long-term threat to the federal budget.
President Obama unveiled a $3.8 trillion budget request Monday that hikes taxes on the rich, spends new money on infrastructure and education, but does little to reform the entitlement programs that pose the biggest long-term threat to the federal budget.
President Barack Obama's new chief of staff on Sunday stopped short of predicting Congress would agree to extend the payroll tax cut for the rest of 2012.
President Obama will propose a budget on Monday that forecasts a $901 billion deficit in 2013, and includes plans to make targeted investments in areas like infrastructure while hiking taxes on the rich.
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.
Facebook's upcoming IPO will make founder and CEO Mark Zuckerberg a billionaire -- but it will also stick him with an eye-popping tax bill that could reach as high as $2 billion.
By now, Federal Reserve Chairman Ben Bernanke must be used to being a punching bag.
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.
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 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.
CNNMoney: Obama's tax recordupdated: Mon Jan 30 2012 11:39:00
Republicans portray President Obama as the tax-hiker-in-chief.
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