10 Smart Places to Invest In Case the U.S. Defaults

The odds that the U.S. will default on its debt increase each day, and even if a short-term deal is reached, the ratings agencies may downgrade U.S. debt anyway. If that happens, turmoil could roil the markets. So where can the smart money flee for safety? 24/7 Wall St. offers 10 safe options.

European Economic Confidence Gains After Export Growth

Euro zone economic confidence rose to the highest in more than two years this month after booming exports drove economic growth. An index of executive and consumer sentiment gained to 101.8 in August, from 101.1 in July, the European Commission said, according to Bloomberg News. That%u2019s the highest since March 2008.

S&P Warns Japan of a Downgrade

Credit rating agency Standard & Poor's says it may downgrade Japan's current AA sovereign debt to AA-. S&P has officially changed its outlook on Japan's debt from stable to negative. And Japan is a canary in the credit coal mine for the U.S. and U.K.

We need a global car czar

China's Geely car company may be buying Volvo. Toyota (TM) and Honda (HMC) have approached the Japanese government for aid. Many of the car companies...