U.S. stocks were headed for a higher open Friday as investors await Federal Reserve chairman Ben Bernanke's speech later in the day.
CNN's Al Goodman looks at the economic and weather woes that have beset Spain's olive oil industry.
Catalonia will request an emergency ?5bn credit line from Spain's central government as the region struggles to refinance its debts, underscoring anxieties about the eurozone debt crisis a week before the European Central Bank is expected to unveil details of its revamped bond-buying programme.
U.S. stocks were poised for a weak open Friday, as investors remain uncertain over whether the Federal Reserve will take steps to stimulate the economy amid rising concerns about global growth.
CNN's Richard Quest looks at what's left in the Fed and ECB toolbox to stimulate the economies of the U.S. and Europe.
U.S. stocks were poised to open higher Tuesday, as investors hope to hear some good news out of Greece this week.
U.S. stocks were set to open lower Wednesday, following a string of gains that put all three major indexes at their highest levels since early May.
A political row has erupted in Athens after the former head of a big Greek state bank admitted to transferring ?8m of personal savings abroad to buy a London property months before his Agricultural Bank headed towards insolvency.
Greek tourism minister Olga Kefalogianni says Greece is back to business and hoping for a boost in tourism.
Stocks were headed for a higher open Friday as investors welcomed a stronger-than-expected July jobs report.
U.S. stock futures turned sharply lower shortly before the market open Thursday after European Central Bank president Mario Draghi failed to announce concrete plans to help solve Europe's debt crisis.
The head of Germany's Bundesbank has warned the European Central Bank against straying beyond its remit, as the bloc's central bankers gathered on Wednesday night to discuss a possible plan to re-start intervention in government bond markets.
U.S. stocks were headed for a higher open Wednesday, as investors gear up for a spate of economic data ahead of the Federal Reserve's monetary-policy decision.
It's expected to be another day of cautious trading for U.S. stocks, as investors await any possible stimulus announcements by U.S. and European central bankers later this week.
Investors were on edge Monday ahead of two big meetings by U.S. and European central banks.
U.S. stocks were set for a positive open Thursday as investors took in earnings from Morgan Stanley, Verizon and Nokia while jobless claims ticked back up.
Christine Romans on how the libor rate scandal could affect credit cards, mortgages, car loans and more.
Reduction in the unemployment rate is "likely to be frustratingly slow," Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee on Tuesday morning.
U.S. stocks were set to open higher Tuesday as investors considered more earnings reports and Federal Reserve chairman Ben Bernanke's testimony before a Senate committee.
The European Central Bank lowered interest rates Thursday to all-time lows but did not introduce any unconventional moves to stimulate economic activity.
U.S. stocks were set to open lower Thursday, following stimulus and rate cuts by central banks in Europe and China.
U.S. stocks were poised for a flat open Thursday, following disappointment in the Federal Reserve's limited action and more signs of a global economic slowdown hitting both China and Europe.
U.S. stocks were poised to follow global markets higher as central banks in Europe signaled they would provide more cash to help banks deal with the ongoing sovereign debt crisis.
George Osborne on Thursday night announced plans for a £100bn support programme for the British economy, as he battened down the hatches for a worsening "eurozone debt storm".
The Federal Reserve's newly released Survey of Consumer Finances confirmed what most of us already knew: The middle class has taken a really big hit.
A surprise rate cut by China's central bank and a successful bond auction by Spain cheered investors around the globe Thursday and had U.S. stocks poised to build on the previous day's rally.
European Central Bank officials voted Wednesday to hold interest rates steady, even as the debt crisis in the euro area intensifies.
Asian shares tumbled, as investors dumped risky assets, rattled by growing concerns about the global economic recovery and the eurozone's future.
With Greece probably heading for an exit from the euro, the European and global economies may be facing disaster. However, there is still time for European leaders to reverse this destructive dynamic with one simple, outside-the-box solution: Instead of pushing Greece out of the eurozone, Germany should voluntarily withdraw and reissue its beloved deutsche mark.
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.
They say a week is a long time in politics. In today's febrile world of finance, it's a lifetime.
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.
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.
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.
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.
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.