Topic: Eric Stein
A poor US jobs report Friday sent the stock market down sharply, and other economic data coming in from Europe and China also did not boost optimism.
Central banks in a surprise announcement Wednesday announce moves to ease strains in the global financial system. Central banks' moves should ease concerns over European banks but does not begin to solve long-term problems of European debt.
11/30/2011 11:02 am
Stock markets in the US and Europe fell Tuesday, stunned by news that Greeks will vote in January on national austerity measures tied to resolving Greece's sovereign debt woes.
11/01/2011 01:47 pm
Indications that Greece might not default on its debt, as well as reports that the Federal Reserve has a new plan to stimulate the economy, prompted a solid day on Wall Street.
09/20/2011 07:57 pm
The Dow recovered almost 430 points Tuesday, after the Fed said it would keep short-term interest rates low until mid-2013. But the Fed's surprise move also points to expectations for slow recovery.
08/09/2011 06:46 pm
Stocks plummeted Monday, in response to the S&P's decision Friday evening to downgrade the US debt rating from AAA to AA+.
08/08/2011 01:38 pm
Congress and the president may in part have wanted a deal on the debt ceiling out of concern for financial markets, but word of an agreement couldn't compete with a dismal July report.
08/01/2011 04:37 pm
American exposure to the Greece crisis is high in certain areas. Half the assets in the 10 biggest money market funds are invested in European banks, which hold a lot of Greece's debt.
06/28/2011 08:21 pm