ECONOMY & MARKETS

European Central Bank Fights for its Soul

Outside view shows the Euro sculpture in front of the ECB headquarters in Frankfurt
Twelve years after German Chancellor Helmut Kohl pushed through the monetary union over the objections of a majority of his country's citizens, the bloc is crumbling under the burden of huge debts. And the one institution that Germans were told would ensure stability, the ECB, is in deep crisis itself. In the absence of decisive action from Europe's leaders, the bank has come under enormous pressure to fill the gap.
Traders work on the floor of the New York Stock Exchange

Futures Point to Wall Street Extending Rally

Stock futures pointed to Wall Street rising Thursday, extending a rally into a third day, on optimism that European policymakers are making progress in their efforts to help shore up troubled banks.
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Stock Market Trader

Market Struggles for Grip as European Fears Persist

Stocks were little changed on Wednesday as European finance ministers appeared ready to prop up struggling banks while reports on the U.S. labor market and services sector came in stronger than expected.
Traders work on the floor of the New York Stock Exchange

S&P 500 Dips to Bear Market Territory: 5 Reasons Why

Tuesday’s early morning drop has taken the S&P 500 Index down over 20 percent from its May 2 high. Although there is no official definition of a bear market, one commonly accepted metric is falling 20 percent over an extended period.
Angela Merkel

Eurozone Considers Making Banks Pay More for Greece

European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone's sovereign debt crisis.
Traders work on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Further Losses

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.5 percent at 0841 GMT.
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World Stocks Tumble on Greek, Banking Fears

World stocks hit a fresh 15-month low on Tuesday while the dollar neared a nine-month peak on growing doubts over Greece's ability to avert a default that would spark a major banking crisis in Europe and accelerate a global economic slowdown.

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