Technology giant Apple unveiled Mac OS X Lion, which the company claims is the world's most advanced desktop operating system, at its Worldwide Developers Conference (WWDC) last month.
The setting is perfect for another gold boom cycle to kick in, perhaps pushing the yellow metal into a super cycle. There are several factors aiding gold's further push into higher price records, greater investment worth and long-term reign as a de facto currency. There are all sorts of classic factors supporting gold all the way, like the demand from China and India bursting at seams, continued worries for the US dollar and the worrisome prospect of sovereign default in some European countri...
A health check of European banks is expected to show that as many as 15 lenders need more capital to withstand a prolonged recession, with criticism growing that the tests do not encompass the impact of a Greek default.
The International Monetary Fund on Thursday called for a greater sense of urgency to address the Greek debt crisis and warned Europe it was taking too long to repair its banking system in the face of growing risks of contagion.
Stocks were little changed on Thursday as Federal Reserve Chairman Ben Bernanke delivered congressional testimony for the second day and worries about hitting the U.S. debt ceiling dogged investors.
European Union leaders need to come up with a comprehensive plan for tackling the region's debt crisis if they hold an emergency summit on Friday, the Irish Prime Minister said on Wednesday after Ireland had to swallow its first ever junk credit rating.
Moody's cut Ireland's credit rating to junk on Tuesday, warning that the debt-laden country would likely need a second bailout -- just the latest move amid heightening concerns about Europe's ability to address its debt crisis and prevent it from spreading.
Stocks were little changed on Tuesday, though comments from Federal Reserve officials suggesting the possibility of more stimulative policies sparked gains that briefly put the Nasdaq in mildly positive territory.
Prime Minister Silvio Berlusconi sought on Tuesday to calm fears that Italy could be swept into a full-scale financial crisis as the center-left opposition pledged to help parliamentary approval of debt-cutting measures.
The Dow and the S&P were slightly higher on Tuesday as two days of heavy selling provided buying opportunities, but continuing debt worries kept investors on edge.
Prime Minister Silvio Berlusconi tried on Tuesday to calm fears that Italy could be swept into a full-scale financial crisis and the opposition pledged to smooth the passage through parliament of tough debt-cutting measures.
Wall Street stocks fell on Tuesday, led lower by Nasdaq, as the euro zone's continuing debt crisis kept nervous investors on edge.
Gold prices have soared to record highs this year on concerns over the euro zone debt crisis, and the metal could be set for another leg higher if the world's biggest economy, the United States, also starts to struggle with its debt repayments.
The IMF and its European partners are not yet ready to discuss terms of a second Greek bailout, IMF Managing Director Christine Lagarde said on Monday, urging Athens to do more to deal with its debt crisis.
Euro zone finance ministers and officials were meeting on Monday to discuss a second bailout package for Greece and the financial situation in Italy.
Shares in UniCredit SpA and other Italian banks extended losses on Monday after a sell-off last week due to concerns Italy could be drawn into the euro zone debt crisis and worries about the strength of their capital.
Fears are spiraling that Italy may need a bailout as the yield on the country’s government bonds have surged to 5.4 percent.
The market smells blood in Italy and the Italian authorities are afraid.
A dismal U.S. jobs report. A European debt crisis for which there is no quick fix. Slowing growth in China.
In 2009, Facundo Cabral was set to tour Guatemala, the place where he was shot and killed Saturday morning.
Greece, tiny Mediterranean nation plagued by debt problems, still bears watching by U.S. investors/readers. The reason? Bond vigilantes who have driven up Greece's interest rates could do the same in the United States, if Washington doesn't eliminate its budget deficit.
The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.
