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.
In an effort to create more jobs and improve transportation, the Obama administration announced a new "Use It or Lose It" program Friday, making nearly $500 million in unspent earmarks available for states to use on so-called "shovel ready" infrastructure projects.
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.
Republican sources say they're in a Catch-22 situation on how to reply to Senate Majority Leader Harry Reid's claims that GOP presidential candidate Mitt Romney went 10 years without paying taxes.
Republicans hammered Harry Reid Monday for allegations he made against Mitt Romney. CNN's Dana Bash reports.
This past week, at "town hall" meetings in Florida, North Carolina, Virginia and New Hampshire, a group of Republican senators sounded alarms about disasters that will befall local economies should the threat of more than $500 billion in defense cuts over the next decade become a reality in January.
Sen. Lindsey Graham says politicians should lose their jobs if they can't reach an agreement over defense spending.
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.
Earlier this week, Senate Majority Leader Harry Reid, D-Nevada, and House Speaker John Boehner, R-Ohio, agreed to a deal to fund the government past this November's elections. The deal leaves working out a budget up to the next Congress and provides funding for the federal government through March 2013, well beyond the presidential inauguration in January.
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.
The U.S. House on Wednesday took the opposite action on tax cuts as the Senate, rejecting a Democratic proposal championed by President Barack Obama to extend lower tax rates for middle-income Americans, and then passing a Republican plan to maintain the lower rates for everyone for a year.
Rep. Chris Van Hollen (D-MD) says, the president's plan "would provide tax relief for 100% of the American people"
Bolstered by a new poll that shows him leading in Ohio and two other battleground states, President Barack Obama on Wednesday made his ninth campaign trip this year to the Buckeye State to attack Republican rival Mitt Romney's tax plan as unfair to middle-class Americans.
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.
Republicans and Democrats on Capitol Hill are gearing up for a vote this week on a House Republican bill to extend all the current tax cuts, but the debate is really aimed at the vote that comes less than 100 days from now.
Investors were on edge Monday ahead of two big meetings by U.S. and European central banks.
Taxmaggedon is coming. Unless President Obama and Congress act, Americans will be hit with what would be in total dollars the largest tax increase in history in little more than five months.
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.
By announcing that he will release no further tax returns beyond his 2010 and 2011 returns, Mitt Romney appears to have exempted himself from the proud bipartisan tradition of presidential nominees displaying genuine financial candor with the electorate.
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.
Earlier this week, President Barack Obama proposed to extend the Bush-era income tax cuts, which expire at the end of this year, for one year for people with income below $250,000. People with higher income would continue to receive all of the benefits of lower taxes on their first $250,000 of income, but the tax rate they face on income above that amount would rise.
President Obama calls for the renewal of Bush-era tax cuts for Americans who make under $250,000.
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.
The GOP-controlled House of Representatives on Friday passed a nearly $643 billion military spending bill -- a measure at odds with prior defense spending agreements and President Barack Obama's Pentagon plans.
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.
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.
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