europe

Global Woes Hold Only 'Modest Contagion' Risk for U.S. Banks

A "modest contagion" for financial stocks "should allow domestically focused financial stocks to stabilize in the coming weeks," despite the JPMorgan Chase trading mess and the "deteriorating conditions in Europe, according to KBW analyst Fred Cannon.

General Motors Is Making Profitable Progress in U.S., China

Thanks to strong new products, hard work, and the American taxpayer, GM continued its profitable ways in the first quarter. The world's largest automaker reported a profit of $1 billion on the strength of its operations in the U.S. and China.

Recession in Spain Breeds Pessimism in Global Markets

Markets dipped Monday after official data confirmed that Spain is back in its second recession in three years. Investors had initially bid up stocks on hopes that the Fed would provide more stimulus to the U.S. economy.

Greek Default Sets Record: No Problem, Says Bernanke!

On Friday, Greece reached a deal to "restructure" its national debt downward by about $133 billion. That's the biggest sovereign restructuring in world history. But don't worry. According to Fed Chairman Ben Bernanke, it's no big deal for the U.S.

How You Can Still Benefit From the Greek Debt Crisis

Greece isn't going to rebound anytime soon, and Europe about to rapidly propel itself out of its mild recession either. But obsession with the Mediterranean's economic basket case has caused many investors to miss strong overseas gains. Here are three companies leading the charge.

NYSE Merger with Deutsche Boerse Blocked by EU

The EU has blocked the Deutsche Boerse's planned merger with NYSE Euronext, a deal that would have created the world's largest financial exchange operator, because the venture would have had a near-monopoly in the trading of European derivatives.

The Problem With Ford Isn't Ford

Shares of Ford fell sharply on Friday after the company reported a quarterly result below analysts' $0.26 a share expectations: $1.1 billion, or $0.20 a share. But despite the disappointing profit number, Ford's core business is actually in great shape.

Dow Rises Despite Europe's Woes

On Friday, it looked like this week would be ugly. Standard & Poor's had just downgraded the credit ratings of France and several other E.U. countries, the latest domino to fall in Europe's slow-motion economic train wreck. But at least in the U.S., the stock market has shrugged off that news.

Will Budget Cuts Leave Our Nation Defenseless? Hardly

President Obama's proposed cuts to national defense spending have critics in a panicked tizzy. But while the document outlining his plan suggests that real change is afoot, it clearly contradicts the outlandish claims of its detractors.

Netflix's New Goal: Rule Britannia, and Ireland Too

Netflix hopes its latest move doesn't turn out to resemble a British comedy. The video buffet operator introduced its streaming service in Ireland and the U.K. on Monday. And while overseas expansion is old hat for Netflix, this time, the challenges are bigger.

Cautious Investors Stay Focused on Europe's Woes

Stock markets in Europe traded in fairly narrow ranges Monday as Germany's leader warned that Greece may not get its next batch of bailout cash. Chinese shares surged after authorities pledged to increase bank lending to entrepreneurs. Europe's stumbling efforts to get a handle on its debt crisis remains the focus of interest in the markets.

Stocks in 2012: Up, Up, But Not Away

The stock market's stomach-churning roller coaster will keep running, but unlike last year's flat finish, Wall Street experts anticipate stocks will end 2012 on a high note, with the S&P 500 up by 7%.

5 Ways Europe's Woes Will Hit Your Finances in 2012

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.

The Economy Ahead: What to Expect in 2012

With 2011 fast coming to a close, it's time to think about what's next -- if you dare. We've got the good news, the bad news, the key points to watch and some good advice on getting through 2012 with your finances intact.

Cramer Blames Monday's Market Slide on Europe

Jim Cramer of CNBC's Mad Money, appeared on Today to discuss Monday's stock market slide with Matt Lauer. Asked what Wall Street had really reacted to, Cramer said it wasn't the supercommittee's failure: "It's all Europe," he told Lauer.

GM's Next Big Problem: Making Europe Profitable

GM made $2.2 billion in North America in the third quarter, but it couldn't expand on that number with earnings abroad. Now the bailed out, revamped and much-improved automaker has to find a way to make Europe profitable -- because the Continent is essential to its global operations.

As Italian Drama Persists, Small Businesses Worry

The Atlantic Ocean is wide, but maybe not wide enough. On Thursday, markets had a mixed reaction to the deepening economic crisis in Europe. Some sources reported that the European Central Bank would step in. But in the U.S., small business owners are growing nervous.

Obama: World Economic Recovery on 'Firmer Footing'

Conceding a fragile global recovery and plodding job growth back home, President Barack Obama said Friday he is confident European leaders are fixing their ominous debt crisis that threatens to undermine the United States and his own shot at a second term.

Despite a Profit Blip, Ford's Strong Recovery Continues

Are things really that bad at Ford? You'd think so after its third-quarter earnings report drove its share price down sharply. But despite the tough economic conditions Ford faces, the larger story is that the automaker has become very strong, thanks to its focus on a surprisingly simple plan.

Eastern Europe Gets All Shook Up Over '50s-Style Diners

The world's fourth Elvis-themed restaurant is scheduled to open in a mall in Georgia this year. But not in the Peach State in the heart of the Dixie -- the Elvis American Diner is in the Republic of Georgia. Seems that in the former Soviet Union, the King and 1950s Americana are considered pretty nifty.

Sneaky European Tax Robs U.S. Businesses Blind

Value-added taxes are big revenue generators in Europe, but if you're not a local person or business, you're supposed to be able to get them refunded. Tell that to the almost 72% of companies spending money overseas that have had trouble getting their VAT refunds or the 21% that have been unable to reclaim any VAT at all.

Gas Prices Around the Globe: The Highs and the Lows

With U.S. gas prices near historic highs, Americans are anxious about the cost of filling up. But we still feel far less pain at the pump than drivers in many other developed nations. On the flip side, if you drive in the right world cities, you can still pay less than $1 a gallon.

Why the Dollar Is Stuck at Three-Month Lows

One would think that with the Mideast crisis East, oil prices skyrocketing and U.S. manufacturing rebounding smartly, the buck would be flying high. But no. Why that's so may lie in international perceptions about where interest rates are heading.

IMF Lays Out the Challenges Ahead for Global Recovery

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.

Ford Shares Tank on Its Earnings Disappointment

Ford shares headed down sharply after the company announced quarterly earnings 18 cents per-share lower than analyst expectations. The miss cast a shadow on the report from Ford, which posted its best annual profit in a more than decade -- $6.6 billion.