U.S. stocks ended flat Tuesday, after turning sharply lower during the final hour of trading amid fears that Greece will leave the eurozone.
The Organisation for Economic Co-operation and Development has joined French and EU officials in calling for a move towards jointly-guaranteed eurobonds at a time it sees as perilous for the global economy.
The International Monetary Fund has called on the Bank of England to cut interest rates and resume printing money to boost demand in the economy. It has also asked the UK government to prepare a Plan B for deficit reduction if these measures do not work.
New overseas worries were offset by some better than expected earnings from U.S. retailers early Tuesday, putting U.S. markets on course for another uneven day of trading.
A plunge in Facebook's stock didn't faze the broader U.S. market Monday. U.S. stocks bounced back from their worst week of the year on renewed optimism that European leaders would find a way out of the sovereign debt crisis.
CNNMoney: Stocks set to reboundupdated: Mon May 21 2012 08:32:00
U.S. stocks were poised to rebound Monday, after closing out one of the worst weeks of the year, as investors pinned their hopes on European leaders' abilities to manage the continent's debt crisis.
President Barack Obama and fellow leaders at the Group of Eight meeting he hosted Saturday put job creation and economic growth at the top of their to-do list.
President Obama welcomes G8 leaders to summit at Camp David.
Stocks closed out an ugly week. Despite initial euphoria surrounding the debut of Facebook on the public markets, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.
Concerns are growing over the health of Spain's banks, as CNN's Al Goodman reports.
The events of the past few weeks have made increasingly probable what was once considered impossible: Greece may exit the euro.
As the stock market opened Friday with a ring of the bell by Mark Zuckerberg, all eyes were on Facebook -- the social media Megalodon he nursed from a dorm-room project to one of Wall Street's hottest prospects ever.
U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.
Asian shares dropped, with Japan's stock index falling to a four-month low, as investors dumped risky assets amid growing worries about Europe compounded by disappointing US economic data.
Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.
For overweight Americans, and those looking for a healthier lifestyle, the claim was almost too good to be true -- wear Skechers Shape-ups footwear and watch the pounds melt away. At a news conference Wednesday, the Federal Trade Commission said the shoemaker's claims weren't true and alleged Skechers violated federal law by misleading consumers.
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.
U.S. stocks struggled during a choppy trading Tuesday as investors digested mixed news out of Europe.
American consumers got the same bang for their buck in April as they did a month earlier, as falling gas prices gave them some relief.
U.S. stocks were poised for a positive start Tuesday, following better-than-expected economic growth in Germany.
For student borrowers, that pricey college education is going to cost a bit more next year.
Even as his campaign portrays him as a champion of the middle class and a crusader to keep Wall Street from melting down as it did three years ago, President Barack Obama was set to leave New York Monday with a sizable haul of cash from industries whose excesses he decries from the stump.
The decisions of former JP Morgan Chief Investment officer Ina Drew that cost the nation's largest bank $2 billion.
JPMorgan Chase can be considered a systemically dangerous institution, which means that it is "too big to fail" because the government fears that its collapse would cause a global financial crisis.
So much for gold being a safe investment in times of market volatility.
Markets are having difficulty establishing a bullish platform as continuing worries over the eurozone counteract news of more monetary easing in China.
Fareed's Take
updated: Mon May 14 2012 04:33:00
Fareed's Take on the eurozone.
Looks like Twitter isn't the only company with a fail whale.
Stocks finished lower Friday, ending a down week for the major indexes, as weakness in the banking sector weighed on the market.
If investors hate Europe so much, why isn't the euro currency tanking?
U.S. stocks ended mixed Thursday afternoon as investors welcomed a slight dip in jobless claims but remained cautious amid ongoing uncertainty in Greece and the rest of Europe.
China's trade surplus jumped in April as imports and exports both further decelerated, renewing fears of a harder than expected landing for the world's second-biggest economy.
U.S. stocks bounced back somewhat from a sharp sell-off Wednesday, but all three major indexes closed in the red as investors continue to fret about Greece and Spain.
Sharon Edwards of Salem, Oregon, may have to move to Mexico, where the cost of living is cheaper, so she can afford her retirement.
U.S. stocks were headed for a lower open Wednesday as investors remained on edge over developments in Europe.
A senior Bangladeshi minister has said that comments by U.S. Secretary of State Hillary Clinton about the globally acclaimed microlender Grameen Bank and its founder were "unwarranted."
U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's uncertain political situation keeps investors on edge.
With federal student loan interest rates set to double July 1, the Senate failed Tuesday to get enough votes to take up a bill to extend low 3.4% rates for another year.
CNN's Candy Crowley talks to House Speaker John Boehner about the threat of higher student loan interest rates.
U.S. stocks were set to open lower Tuesday as Greece's uncertain political situation keeps investors on edge.
Suddenly, Europe is talking about growth and not just austerity.
Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of US sanctions aimed at limiting Tehran's nuclear programme.
Asian equities fell after U.S. jobs data disappointed and the election of François Hollande as French president raised concerns about Europe's debt crisis.
BP Capital Management chairman T. Boone Pickens says it's not appropriate to place blame on one person for gas prices.
The average price for a gallon of regular U.S. gasoline slipped almost 7 cents over the past two weeks, chasing a drop in crude oil prices, according to a nationwide survey published Sunday.
Pricing for Facebook's premium "social" advertisements continues to rise, two recent studies have found -- a positive indicator that could offset concerns about a dip in advertising growth and help sentiment towards the internet company's initial public offering.
Greek voters look set to punish the country's mainstream parties in elections on Sunday.
While the election of a new French President will be making headlines around the world on Sunday night, it may well be that the Greek parliamentary election results -- marginal as they may be, obscure and hardly decipherable -- will turn out to be more important for the future of the EU and the euro.
President Obama responds to the latest jobs report numbers saying a million new jobs were created in last 6 months.
Hands down, it's the most important monthly economic report in the race for the White House.
Voters in Greece prepared Saturday to take part in parliamentary elections, with wide uncertainty over what government will emerge from Sunday's vote and how it will handle the austerity crisis gripping the nation.
A basic premise of work in America is that your paycheck will inch up over time to reflect hard work, experience and rising living costs. But a lot of people aren't making any more this year than they did last year -- in fact, they're making less.
U.S. stocks sold off Friday, ending the week lower, after a government report showed that employers added fewer-than-expected jobs in April.
A disappointing jobs report appeared to leave investors uncertain about what to do Friday, as U.S. stocks appeared poised for a mixed or flat open.
Analysts are predicting plane tickets will get more expensive as more airlines merge in response to deep-seated structural problems in the industry.
Gov. Chris Christie campaigns for Gov. Scott Walker, cracking jokes and reminding crowds of liberal budget deficits.
When voters in Wisconsin decide whether to recall Gov. Scott Walker next month, they'll also be shaping the dialogue going into the fall.
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.
Poland, the European Union's fastest growing economy, wants to become a member of the eurozone -- but its finance minister says the country will wait until "it is safe to do so."
Polish Finance Minister Jan Vincent-Rostowski tells CNN that Poland are committed to join a healthy Euro zone.
Ryan Bryski tells the story of his brother Christopher, whose student loans persisted after he tragically passed away.
The threat of increasing loan rates on future college students has become the newest political cudgel. It shouldn't be. Lowering interest rates on subsidized student loans does little to address the real problems of higher education: rising tuition costs and diminishing returns.
U.S. stock futures moved higher Thursday morning, bolstered by a better-than-expected jobless claims report, ahead of Friday's monthly jobs report.
U.S. stocks ended mixed Wednesday as investors digested a weak private-sector jobs report and mostly upbeat corporate results.
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 set to open lower Wednesday as investors focused on a weak private-sector jobs report.
U.S. investors were set to hold steady at Tuesday's open, awaiting new reports on manufacturing, auto sales and corporate results for clues about the strength of the U.S. economy.
NYSE Euronext shares fell 5% on Monday after the stock exchange operator reported a sharp decline in quarterly profits on weak trading volume and merger break-up costs.
Blogger Kathleen Geier observes:
U.S. stocks finished in the red Monday, ending a mostly sour month on a weak note.
Hundreds of protestors took to the streets of Manhattan's financial distric Egyptians did it for democracy. So did people in Tunisia, Yemen, Bahrain and Syria. Now, activist groups are hoping Americans will launch their own uprising -- in the form of thousands of protesters descending on Wall Street this weekend.
U.S. stocks were poised to open lower Monday, after a report showed that U.S. personal spending was weaker than expected, and that Spain's economy has fallen into recession.
Seen from the perspective of 2012, the stunning Broadway revival of "Death of a Salesman" offers a powerful reminder that economic policy and family values go hand-in-hand.
Christine Romans looks at how Facebook is gearing up for an IPO despite slowing growth.
As Wall Street makes final preparations for the largest technology debut by value in history, it has also faced what some bankers and investors have come to see as a series of snubs from Facebook.
U.S. stocks moved higher Friday, capping a weekly gain, as upbeat corporate results outweighed a weaker-than-expected report on first-quarter economic growth.
President Obama targets the youth vote in calling for lower college costs.
The White House said Friday that President Barack Obama would veto a Republican measure passed by the House to extend lower interest rates on federal student loans because it takes money from a health care fund that benefits women.
May begins next week. Or, as I like to call it, the 17th month of 2011.
The U.S. Department of Labor recently announced that the unemployment rate fell to 8.2%. That should have been a signal that jobs are coming back and that the economy is about to rebound. But, as many economists say, the numbers fell primarily because unemployed Americans have become so discouraged with trying to find a job that they've simply quit looking.
For Republicans and certain presidential nominee Mitt Romney, the best defense appears to be a good offense on issues and themes being pushed by President Barack Obama and Democrats.
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.
CNN's Jessica Yellin reports on President Obama's efforts to secure the youth vote in November.
This week President Obama did a swing through some college campuses talking about student loan debt. The immediate issue is the 3.4% interest rate on federal student loans. It's set to double July 1 unless Congress acts. Keeping the rate low in this still weak economy is, as the president said, a no-brainer. Even his opponent Mitt Romney has endorsed it. But the larger problem -- mounting college costs and a cumulative $1 trillion in student loan debt ? remains untouched.
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.
To those of us who have studied the largest wave of immigration in history from a single country to the United States -- the four-decade-long influx of millions of Mexicans -- it seemed inconceivable that it would ever come to a halt. Yet, as our new Pew Hispanic Center report has shown, it has.
U.S. stocks were poised for a choppy open Thursday, as optimism from Federal Reserve chairman Ben Bernanke's comments is countered by nervousness by the latest jobs report and a weak Italian bond auction.
CNN's Jim Boulden looks at programs using Olympic money to get troubled London kids into employment.
President Obama's opponents like nothing more than tying him to a socialist Europe, the bogeyman of today's American right. Whatever the merits of their claims policy-wise, they might be onto something from a campaign perspective.
The House will vote Friday to extend current rates on federally funded college loans for one year, Speaker John Boehner announced on Wednesday in what is seen as an attempt to blunt President Barack Obama's momentum on an issue popular with young voters.
Will young American voters be as enthusiastic about President Obama's re-election as they were about his candidacy four years ago, when 66% of 18- to 29-year-olds favored him over John McCain?
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.
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