What's Really Behind the Stock Market Rally?
So far, the stock market has avoided a spring slump like it experienced during the past three years, and some market watchers credit that to one clever UMass graduate student.
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Uncertainty Drives Down Confidence in Eurozone Economy
Confidence in the eurozone's economy worsened in March, falling after four straight months of gains and suggesting a hard route out of recession, fresh data show.
5 Foreign Stocks You Can Snap Up at Bargain-Basement Prices
when a country's stock market gets crushed due to wider economic concerns, some promising often stocks get unfairly punished. Here are five foreign companies whose shares are trading now at attractive prices, along with explanations for why they're such bargains.
Midday Report: Is the Stock Market Due for a Correction?
U.S. stocks spiraled downward in a late-day frenzied sell-off Monday. European markets followed their cue and sold off sharply early Tuesday. CNNMoney's Fear & Greed Index tumbled into neutral -- a level it hasn't touched in two months. Wall Street asks: Is a stock market correction coming?
Stocks Edge Higher Despite Monti Shocker; McDonald's Boosts Dow
Stocks inched higher on Wall Street Monday after a November sales report at McDonald's helped offset concerns about the surprise resignation of Italy's prime minister, Mario Monti, who has been credited with restoring confidence in Italy's economy.
U.S. Stocks Open Mixed After Italy's Leader Unexpectedly Quits
Stocks are opening mixed on Wall Street after the surprise resignation of Italy's prime minister sent a jolt through European markets. The Dow Jones industrial average inched up, while the Standard & Poor's 500 index was down a fraction.
Markets Hold Their Breath In Fear of Disappointment from Draghi
Longer-dated Spanish government bond yields fell and German debt sold off on Thursday with expectations high that the European Central Bank will detail plans to buy struggling eurozone countries' debt to curb the bloc's long-running debt crisis.
Europe Teeters on the Edge of Recession
Europe is edging closer to recession, dragged down by the crippling debt problems of the 17-country eurozone, official figures showed Tuesday: The economies of both the eurozone and the full EU shrank by 0.2% in the second quarter, after a flat first quarter.
S&P Closes Over 1,400 for First Time in 3 Months
It's been a day of milestones for the stock market. Stronger corporate earnings reports and expectations that central banks will act to support the economy powered the Standard & Poor's 500 index past 1,400 for the first time in three months.
European Central Bank Cuts Rates to New Low to Help Economy
The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75% to boost a eurozone economy weighed down by the continent's crisis over too much government debt.
Stock Market Cuts Its Losses with a Late Rally
A late recovery on Wall Street wiped out most of the stock market's losses Thursday, leaving the Dow Jones industrial average down just 25 points. The Dow had been down as much as 177 points but came back sharply at the end of the day.
U.S. Employers Added Just 69,000 Jobs in May, Fewest in a Year
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs data will fan fears that the economy is sputtering. But it could lead the Fed to take further steps to help it.
Facebook, Week Two: Fortunes Made and Fortunes Lost (Mostly Lost)
The ongoing saga of Facebook's post-IPO tumble is a classic, Greek-style tragedy of hubris, epic overreach, and equally epic failure, and the media can't get enough of it -- even though large chunks of it are essentially fictional.
Economically, What Happens in Europe Doesn't Stay in Europe
Sunday's elections in France and Greece were a firm vote against austerity, and regardless of the merits of either side of the debate, that means the future of the eurozone is again in doubt. Here's why the bond markets care so much -- and why you should, too.
Friday the 13th's Worst Economic Disasters: Nightmares on Wall St.
Forget black cats, broken mirrors and unstoppable psychopaths in hockey masks -- on Friday the 13th, the biggest terrors sometimes hit our wallets. No, the Great Crash of 1929 didn't start on a Friday, but a fair number of financial disasters did.
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.
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.
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.
Gap Goes to Rome: Italian Store Builds on Global Push
As part of a larger push to bring its classic American design aesthetic to international markets -- and build on its recent Italian successes -- Gap will debut a flagship store in Rome on Via del Corso, a key shopping area, on Saturday.
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.
Austerity Means a Cloudier Forecast for LDK Solar
LDK Solar has long depended on demand driven by government subsidies from countries such as Germany, Spain and Italy, which makes it vulnerable in this period of European austerity. Trefis has revised its estimates for LDK Solar down -- but still meaningfully above the market price.
Fiat May Raise Its Stake in Chrysler to 51% Before IPO
Fiat CEO Sergio Marchionne said Monday that he could increase Fiat's ownership in Chrysler to more than 50% should America's smallest domestic automaker seek to return to the stock market this year, but that he doesn't plan to merge the companies' operations.
Best and Worst Global Stock Markets of 2010
The big winners of 2010 scored returns far above those of U.S. markets by piggybacking on China's ferocious growth. But rebounding American equities look mighty impressive next to the year's real losers: the victims of the eurozone debt crisis.
Spain to Sell Stake in State Lottery as Debt Crisis Looms
With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.
Luxury Retailer Prada Considers Hong Kong IPO
Italian fashion label Prada is considering an IPO with primary listing in Hong Kong, rather than home-base Milan, accroding to reports. Four of its previous attempts at an IPO have been scrapped in the past 10 years, but now the time could be right.
Europe's Debt Crisis: Here We Go Again?
Europe's shakiest economies managed to ride out a sovereign debt crisis this spring with a lot of help from their more stable neighbors and the major central banks. But new data suggests we may soon see a replay of the debt default crisis.
No More Oil Spills: The Fight Against Drilling in Italy
The fallout from the BP disaster has reached as far as Italy, where oil companies are planning to drill in the Adriatic Sea. DailyFinance takes a look at the growing protests there, and the efforts of the "Erin Brokovich of Abruzzo" to keep the oil industry at bay.