Markets

IMF: Italy has made 'notable progress'
An International Monetary Fund official says Italy has made "notable progress" toward improving its financial outlook in the last six months but added ...
World stocks fall amid political turmoil in Greece
World stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, ...
Lawmakers gather to talk deficit, answers elusive
Government leaders past and present gathered in Washington to do what they do best about the nation's deficit woes: talk. At an annual "fiscal summit" ...
Oil falls to 6-month low near $92 on US supplies
Oil prices dropped to fresh six-month lows near $92 a barrel Wednesday in Asia after a report showed U.S. crude supplies surged more than expected ...
Asia stocks fall amid political turmoil in Greece
Asian stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, ...
Greece to head to polls again after talks collapse
Greece headed into a month of political uncertainty after power-sharing talks collapsed, triggering new elections that could determine whether the ...
Subdued Dimon is confronted over $2B trading loss
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" ...
Dow Jones average continues a two-week slide
Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide ...
How will JPMorgan's $2B loss affect banking rules?
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an ...
Oil hovers below $95 amid Europe worries
Oil prices hovered below $95 a barrel Tuesday, near a five-month low, as concerns about Europe's debt crisis offset encouraging growth figures in ...
Germany economy grows strong 0.5 percent in Q1
Market concerns over the European economy are showing signs of growing after a closely-watched survey of German investors recorded a sharp drop in ...
China faces pressure to reverse economic slump
Gao Runping, who makes mechanical components for the oil industry, founded his business in the central city of Taiyuan with equipment bought from ...
Euro minsters plead with Greece to stay the course
Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout terms and stays the ...
Greek negotiations over govt to continue
Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious ...
No sign of shareholder revolt against Dimon
JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, ...
Stocks, euro drop as deadlock continues in Greece
A political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower. The euro sank to a three-month low against ...
Oil starts week by hitting lowest level in 2012
The price of oil fell to its low for the year on continued doubts about some European countries ability to pay off massive government debts.
White House says bank loss shows need for rules
The White House says a $2 billion trading blunder by JPMorgan Chase shows the continued need for rules that protect the taxpayer when Wall Street ...
Spain raises nearly $3.8 billion in debt auction
Spain managed to raise €2.9 billion ($3.8 billion) in a short-term bond auction on Monday, but concerns over the future of the euro currency union ...
World stocks fall after optimism fizzles on China
World stock markets fell Monday as optimism over a move by China's central bank to encourage lending were offset by lingering uncertainty about ...
Oil falls to near $95 amid China growth concerns
Oil prices fell below $96 a barrel Monday in Asia amid investor concern that China's economy, the world's second-largest, is slowing faster than ...
Is Europe a safe place to buy? Not exactly
It often pays to zig when everybody else zags. If you were brave enough to put cash into the stock market three years ago — and very few small ...
A black mark for survivor of financial crisis
The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days. In the 1980s and 1990s, he was the ...
Bundesbank chief warns Greece on rescue deal
The head of Germany's central bank is warning that there would be no basis for further financial aid to keep Greece afloat if the country backs off ...
After JPMorgan loss, a call for stricter oversight
JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but ...