Watch breaking news videos and read news updates about European Debt Crisis on DailyCaller.com.
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Buyers drive Wall Street higher
… Thursday, as a recent string of losing sessions sent investors looking for bargains. Concerns over Europe’s sovereign debt crisis helped to spark declines in the Standard & Poor’s 500-stock index for five of the past six sessions. But …
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Core Europe is getting crushed right now
This is turning into a bit of a market rout, especially on core Europe. While Spain and Italy are both lower, it’s France (down 1.24%) and Germany (down 1.74%) that are really taking this on the chin. This follows a rough night in Japan , and of course a down day in the US yesterday. As for the US,
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Nobody likes Spain’s new labor laws
MADRID, Spain — Spain’s prime minister worried earlier this year that his labor-reform plans might “cost me a general strike.” Turns out he was right. In response to Mariano Rajoy’s sweeping labor reform law, which has been in effect since February, unions are organizing a nationwide strike, to be
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Jim O’Neill: ‘Who cares about Greece?’
Jim O’Neill Chairman of Goldman Sachs Asset Management is on CNBC talking about Goldman’s monster report and the global economy right now. On The Long Good Buy This morning Goldman portfolio strategists Peter Oppenheimer and Matthieu Walterspiler made a bullish case for U.S. equities saying stocks
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DYLAN GRICE: Greece is merely a thunderclap ahead of the storm
The latest from Dylan Grice at Societe Generale discusses gold and the most important question that any investor involved in a big bull market seeks the answer to: when is the time to sell? Grice says the time to sell gold will be during the NEXT big government crisis. Not just any event. He says
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Goldman’s top strategist gives 3 reasons why the S&P 500 will fall to 1,250
… program in Europe which pumped € 1 trillion into the system, and finally some progress in Greece, i.e. the success of the Greek debt swap deal which should see Athens get it’s second bailout. Watch the entire interview with Kostin on Bloomberg TV : Please …
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Bernanke testifies that high gas prices could raise inflation
… agreed on a new package of measures for Greece, which combines additional official-sector loans with a sizable reduction of Greek debt held by the private sector. However, critical fiscal and financial challenges remain for the euro zone, the resolution …
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10 Things You Need To Know Before The Opening Bell (SPY, RBS, GPS, MCP, PCS, HPQ)
… could cut €107 billion off Greek debt . Meanwhile, the Greek parliament ..... 1 billion writedown on its Greek debt . Finally, Commerzbank took a ..... picked up after easing of the European debt crisis boosted household sentiment and …
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Germany drawing up plans for Greece to leave the euro
The German finance ministry is actively pushing for Greece to declare itself bankrupt and to agree a “haircut” on the bulk of its debts held by banks, a move that would be classed as a default by financial markets. Eurozone finance ministers meet on Monday to approve the next tranche of loans from
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The United States vs China: a duel to the debt
… Europe is in a real jam right now. In our concluding article, Buttonwood lays out one way in which the European sovereign debt crisis may play out and discusses whether a new gold standard would make a good replacement to the current regime of …
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