Economy The eurozone and Greece have agreed in principle to a third bailout that will keep the beleaguered country in the currency area, for now, after almost total capitulation from Prime Minister Alexis Tsipras. Greece will have to put €50B … Continue reading
Economy Greek Prime Minister Alexis Tsipras appears to have offered to meet most creditor demands in exchange for a new €53.5B bailout, after submitting an 11th-hour proposal to get fresh funds and avoid bankruptcy. Stocks across the globe are all … Continue reading
Economy Fed officials struck a dovish tone in their most recent discussions about monetary policy, while at the same time setting the groundwork for future rate hikes, according to minutes of the FOMC meeting in June. All but one of … Continue reading
Economy Earnings season for the second quarter of 2015 unofficially kicks off this afternoon when aluminum giant Alcoa (NYSE:AA) reports results. Investors will be looking for signs of hope to anchor a U.S. stock market that has been tossed around … Continue reading
Trading Price held “Key Support” at 2034 handle in prior session to rally up to stated target 2068 laid out in prior DTS 07.06.15. In overnight trade price has extended gains up to “Key Resistance” at 2078 handle. Price will … Continue reading
Economy Traders were greeted with a sea of red on Monday after 61% of Greeks voted ‘No’ in a referendum asking them to accept an international creditor proposal that would have included more austerity reforms. A couple of emergency meetings … Continue reading
Economy U.S. job growth likely cooled a bit in June after reaching a five-month high, but still-healthy hiring could suggest the labor market is strong enough to support an earlier Fed rate hike. Economists estimate that non-farm payrolls rose 230,000 … Continue reading
Economy As market participants get ready to start the third quarter, analysts, investors and economists are all pondering the same question – where will stocks go from here? The S&P 500 finished Q2 with a decline of 0.2%, its worst … Continue reading
Economy Greece is just hours away from defaulting on a loan from the IMF, setting the stage for a tense showdown with international creditors ahead of a national referendum that will likely decide its eurozone membership. Reports earlier suggested European … Continue reading
Economy Stocks are plunging across the globe as Greece looks set to default on tomorrow’s debt repayment and the reality of a Grexit hits the markets. With emergency aid to the country frozen, Athens has imposed capital controls to halt … Continue reading