With Greek banks running out of cash and facing the danger of collapse within days without new aid, the government in Athens is racing against the clock.
Some unscrupulous merchants abroad might try to take advantage of the dollar's strength to fill their own pockets a bit more with this sneaky tactic.
The summer vacation season is coming, and you want to go somewhere nice. But will they be nice to you?
You don't have to be a jet-setter to benefit from a strong U.S. dollar, but it's not entirely a positive thing for Americans.
Investors brushed off fears that the leftist victory in Greece on Sunday would bring fresh crisis to the Eurozone.
The ongoing slump in the price of oil is starting to become a headache for Wall Street, prompting a big sell-off across the entire stock market.
Supermodels, rappers and even certain Wall Street pros can give you fair warning about when investing trends are shifting. And they don't even know it.
There are probably billions of dollars in seemingly obsolete foreign currency in the U.S. just waiting to be found and converted into cold hard cash.
Some of the world's biggest banks have been hit with a $2.3 billion fine for interest rate-rigging by traders, by the European Commission.
The U.S. dollar looks set to shake off its summer lull as the factors for a renewed rise appear to be firmly in place.
France's revamped 75 percent super-tax on annual salaries above €1 million will apply to all companies, including soccer clubs, which were thought to be exempt.
Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt.
Cyprus' president called on the country to "share the burden" of solving its financial crisis Friday as banks opened for normal business for the second day.
Banks in Cyprus opened their doors on Thursday for the first time in almost two weeks, with tight controls on transactions to prevent a run on deposits.
Cyprus will impose limits on money transfers and dispatch extra security guards to prepare for Thursday's reopening of the banks, which have been shut for almost two weeks.
The Standard & Poor's 500 index is closing lower after hitting a four-year high. The S&P 500 lost five points to close at 1,413. The index had climbed to 1,426 in morning trading, its highest since May 19, 2008.
Trading foreign currencies is a smart option for investors looking to diversify -- and one that not many years ago, was restricted to big money investors.
By most indications, the U.S. economy is recovering fairly well for the time being. But across the Pond in Europe, another story is unfolding that has the stock market worried -- and it should have your attention, too.
As the eurozone sovereign debt crisis continues, focus is shifting to Italy as the next potential victim. But for worries closer to home, consider this: $37 billion in U.S. government benefits designed to help people through the downturn will expire by the end of 2011, leaving a hole twice that size in the economy.
Portugal's economic health is at risk of collapse after Moody's cut its rating of the country's debt to junk status. Also at risk of collapse: The case against former IMF head Dominique Strauss-Kahn after The New York Post reported that his accuser was working two jobs -- as a maid and a prostitute.
The long term isn't looking good for the greenback: Central bank managers don't see it keeping its status as the world's reserve currency. The short term's not looking so hot for the U.S. economy either: Housing prices are down another 4% year over year, and confidence is falling.
Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.
The financial world Monday morning is focused on Greece. E.U. finance ministers postponed agreement on a bailout until they see proof that its government will follow through on austerity measures. Meanwhile, some big U.S. firms say that a generous tax break would help them expand their domestic operations.
The European debt crisis is back: Portugal is in political turmoil, and may need a major bailout, and Spain may too. But the E.U.'s strong healthy are rebelling against propping up their weaker neighbors. The real issue, though, is that the E.U. hasn't yet addressed the fundamental flaw built into it at the euro's creation.
Despite all the headwinds blowing against it -- and they're fierce -- the U.S. dollar has been holding its own against the world's major currencies. And if the U.S. recovery remains on track, the greenback has good odds of actually strengthening in 2011.
In its latest report, the IMF applauds national policymakers for stabilizing credit markets and putting the global economy on a recovery track. However, thorny problems remain -- including how to prevent overheating in emerging markets, and how to cut the U.S. deficit while lowering its unemployment rate.
The Spanish government's successful bond auction Thursday reassured investors, pushing the euro to a one-week high against the dollar.
Stocks closed broadly higher Wednesday after Portugal's government had no trouble in tapping global debt markets, helping ease European debt fears. The euro gained at the dollar's expense, which lifted a broad basket of commodities as well as U.S. equities.
Emerging market countries, especially those in Latin America, are gearing up for a potentially damaging round of currency interventions to help keep their economies competitive. "This is a currency war that is turning into a trade war," says Brazilian Finance Minister Guido Mantega.
When pros like Warren Buffett and Goldman Sachs start making moves predicated on the expectation of higher rates, investors best take note. And if those smart-money bets are based on a strengthening U.S. economy, the impact on markets could be widespread.