Stocks smacked by Europe woes; Dow off triple digits
U.S. stocks dropped sharply on Thursday, tracking European shares, after soft data from Italy and as investors worried about one of Portugal’s top banks. “We used to have a Europe crisis every two...
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Here’s what’s happening in Portugal
As stock markets around the world fell amid a wide-spread sell-off Thursday, many investors were pointing fingers at the European country of Portugal and concerns over the health of one of its lenders...
View ArticleECB weighs options
Banking officials in Europe are considering a U.S. style monetary easing program, but will it work in Europe and what are the risks?
View ArticleDivergent paths
The European Central Bank cut interest rates while the U.S. is gearing up to hike them. What happens when Europe and the U.S. move in different directions?
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Scotland vote worries its No. 3 industry: Whisky
Lack of certainty about Scotland’s currency, interest rate levels and membership in the European Union—which eliminates trade barriers in its largest market—all compete for the top of the list of...
View ArticleScotland’s historic decision
The polls in Scotland and now closed and officials are tallying up the votes to see if a majority of Scotland’s people have decided whether to leave the United Kingdom and become an independent nation.
View ArticleWhy Scotland may never be the same
A huge sigh of relief in markets around the world on Scotland’s historic vote against independence, keeping the United Kingdom United. Even though a majority of Scots voted “no” to breaking away,...
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Putin plays chicken with US farmers—and loses
A decree signed by Russian President Vladimir Putin to ban imports on U.S. poultry is leaving folks hungry—just not the ones he intended. Getty ImagesChickens gather around a feeder at a farm in...
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Where did the German ‘strongman’ go?
This week’s disappointing German manufacturing data are the latest sign the “strongman” of Europe is weakening, in what could mark a worrying turn for the rest of Europe. Tuesday’s industrial output...
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Euro zone crisis 2.0? Greek stocks tank
Greek equities took another battering Wednesday while its yields spiked, as concerns about the strength of the euro zone economy returned to spook investors. One analyst—Kathleen Brooks, research...
View ArticleECB tests fail 25 banks with $32B shortfall
The tests are a key test of whether Europe is serious about repairing its dysfunctional banking system. The ECB has come under fire over whether the tests have been rigorous enough and the “stresses”...
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Draghi hints on further ECB action; Stocks rise
European stocks rose and the euro fell after European Central Bank President Mario Draghi said the Bank was making “timely preparation” for further aggressive monetary stimulus measures. “The...
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ECB’s Draghi: Buying sovereign bonds is an option
The euro zone’s growth has weakened over the summer months, European Central Bank (ECB) President Mario Draghi told European lawmakers Monday, but stressed that he was willing to do more to stimulate...
View ArticleECB’s Draghi moves markets
There were some sharp reactions and confusion when Mario Draghi didn’t say what investors wanted to hear. Steve Liesman breaks down the European Central Bank’s actions.
View ArticlePutting Putin in context
President Vladimir Putin addressed his parliament as Russia’s economy and currency face hard times. Dina Gusovsky explains how sanctions are impacting the country.
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Greek stocks crash, yields spike on political strife
Greece’s stock market plunged 13 percent on Tuesday and bond yields spiked after the country’s government surprised investors by announcing a snap presidential vote. The election was originally...
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ECB lending meets estimates; euro steady
The uptake of a low-rate loan program by the European Central Bank (ECB) met market expectations on Thursday, amid calls for the central bank to do more to help kick start the region’s economy. The...
View ArticleRussian ruble continues to fall
Russian consumers rushed into stores to buy up big-ticket goods as prices shot higher, amid crippling economic sanctions by the west.
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Putin speech sparks more ruble volatility
Russian President Vladimir Putin blamed “external factors” for the country’s ongoing economic problems on Thursday, but failed to reassure investors hoping for quick answers, sparking another bumpy...
View ArticleEurozone enters deflation
The European Union reported that consumer prices fell 0.2 percent, raising worries about the threat of a Japanese-style deflation.
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