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Countries Spending the Most on the Military

The U.S. has a military budget four times larger than China even with a recent decline of more than $40 billion. Find out which countries spend the most on their military.

World Stocks Surge; Dow Breaks All-Time High

World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.

Markets Cautious Ahead of Debt Ceiling Vote

Stock markets traded cautiously on Wednesday ahead of a U.S. vote on raising the nation's borrowing limit temporarily. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing ceiling for three months.

Germany Is Bringing Home the Gold: 1,950 Tons of It

A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France.

U.S. Stock Prices Dip Ahead of Earnings Season Kickoff

U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."

Stocks Close Higher as Hope Rises for a Fiscal Cliff Deal

Stocks gained on signs that lawmakers are edging toward a deal that would help the U.S. avoid the "fiscal cliff." Indexes shrugged off an early loss and rose in afternoon trading Wednesday. The Dow closed up 106.98 points at 12,985.11. It had been down as much as 112 points in early trading.

Stock Markets Bounce Back as Hopes Rise for a Fiscal Cliff Deal

Hopes that President Barack Obama and U.S. lawmakers will be able to avoid a budget crisis helped world stock markets recover from earlier losses on Wednesday. European stock indexes, which were trading lower all day, closed higher, and the Dow and S&P rose.

Markets Nervous as Eurozone Finance Ministers Meet on Greece

Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. In addition, an election in Spain's Catalonia region that saw separatists gain ground is also adding to global investor worries.

Wall Street Back in Business After Hurricane Sandy Shutdown

The New York Stock Exchange opened on Wednesday -- because it had to open. In a bit of welcome news for fund managers, investors and even the economy, the company that operates the iconic exchange at 11 Wall Street announced it would not extend its trading shutdown to a third day.

Put Your Keys and IDs into Your Mobile Wallet: G&D Has a Plan

Giesecke & Devrient has a big plan to jump-start the mobile wallet revolution: It's SmartTrust Portigo goes beyond a mere transaction tool and aims to be a one-stop gadget that replaces credit cards, keys, ID cards, building and vehicle keys and transportation tickets, too.

Eurozone Unemployment Hits New Record High

Unemployment in the 17-country euro currency bloc hit another record high in May -- 11.1% -- as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.

This German Woman Has Lived Without Money For 16 Years

As we edge closer to a cashless society, some consumers are quietly challenging the idea of money in the first place -- by giving it up completely. Meet Heidemarie Schwermer, who gave up a cushy career to do just that.

A 'Safe' Way to Lose Money: Why Not to Buy Bonds Now

About a month ago, the Germany government sold $5 billion worth of Eurobonds that paid an average interest rate of -- get this -- negative 0.0122%. That's right: These bonds are guaranteed to lose value. So why did they sell? In a word, it's all about risk.

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.